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American State Bank of Rapid City

Rapid City, SD · Cert 21131

FDIC

Q4 2003

$176.2MAssets
$145.3MLoans
$145.4MDeposits
$19.0MEquity
Loan mix
32%RE $14.7M67%C&I $30.6M1%Consumer $0.6MQ4 2002Q4 2003
Deposit mix
83%Interest-bearing $121.0M17%Noninterest $24.4MQ4 2002Q4 2003

NIM

7.08%Q4 ’016.34%Q4 ’025.71%Q4 ’03+14%+1%

Non-interest income vs. expense

2.59%Q4 ’012.35%Q4 ’022.45%Q4 ’03-8%-18%

Executive Summary

  • Earnings: ROA of 0.93%, up 9 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 99.89% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

0.93%+9 bps YoY

Net Interest Margin (quarter, annualized)

3.68%+3 bps YoY

Efficiency Ratio (quarter, annualized)

55.72%-469 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.84%0.79%1.07%1.06%0.93%+9 bps
Return on Equity8.37%7.72%10.45%10.30%8.74%+37 bps
Net Interest Margin3.66%3.54%3.79%3.37%3.68%+3 bps
Efficiency Ratio60.41%62.22%57.33%56.52%55.72%-469 bps
Non-Interest Burden2.12%2.09%2.05%1.58%1.74%-38 bps
Growth
Asset Growth (YoY)12.79%8.26%14.37%2.94%1.41%-1,138 bps
Loan Growth (YoY)3.76%-0.70%13.68%11.38%16.45%+1,269 bps
Deposit Growth (YoY)10.15%6.64%6.55%1.76%-0.59%-1,074 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.18%0.10%0.27%0.16%+7 bps
Allowance / Loans1.33%1.36%1.22%1.23%1.31%-2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital13.56%13.65%12.50%12.90%12.97%-59 bps
Equity / Assets10.05%10.49%9.92%10.60%10.80%+74 bps
Liquidity & Funding
Loans / Deposits85.27%88.44%100.31%97.60%99.89%+1,461 bps
Liquid Assets / Assets0.02%0.02%0.01%0.02%0.00%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a