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Kearney State Bank and Trust Company

Kearney, NE · Cert 22191

FDIC

Q4 2007

$136.4MAssets
$78.7MLoans
$110.2MDeposits
$21.4MEquity
Loan mix
68%RE $43.2M30%C&I $19.0M2%Consumer $1.3MQ4 2006Q4 2007
Deposit mix
86%Interest-bearing $94.7M14%Noninterest $15.5MQ4 2006Q4 2007

NIM

6.07%Q4 ’056.53%Q4 ’065.35%Q4 ’07-2%-20%

Non-interest income vs. expense

2.51%Q4 ’052.62%Q4 ’062.29%Q4 ’07+19%+18%

Executive Summary

  • Earnings: ROA of 0.31%, down 79 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.30%.
  • Funding: loans stand at 71.43% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

0.31%-79 bps YoY

Net Interest Margin (YTD, annualized)

2.93%-73 bps YoY

Efficiency Ratio (YTD, annualized)

63.15%+622 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.10%0.19%0.57%0.76%0.31%-79 bps
Return on Equity13.85%1.72%4.58%5.73%2.23%-1,163 bps
Net Interest Margin3.66%0.69%2.12%2.66%2.93%-73 bps
Efficiency Ratio56.93%62.07%58.60%57.25%63.15%+622 bps
Non-Interest Burden1.70%0.43%1.23%1.47%2.01%+31 bps
Growth
Asset Growth (YoY)-3.92%2.40%-1.43%-3.38%-1.73%+220 bps
Loan Growth (YoY)-5.37%-8.67%-6.50%-9.66%-11.26%-589 bps
Deposit Growth (YoY)-2.10%-3.16%-5.03%-10.94%-10.33%-823 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.48%-0.03%0.00%0.08%1.30%+81 bps
Allowance / Loans1.16%1.23%1.25%1.21%0.86%-29 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 Capital12.75%9.10%10.49%11.19%10.63%-212 bps
Equity / Assets8.64%13.71%14.84%16.18%15.67%+703 bps
Liquidity & Funding
Loans / Deposits72.18%70.75%72.61%77.80%71.43%-75 bps
Liquid Assets / Assets4.74%0.00%0.00%0.00%0.00%-474 bps
CRE / Total Capitaln/an/an/an/an/an/an/a