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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

6.27%Q4 ’056.63%Q4 ’066.30%Q4 ’07-11%+3%

Non-interest income vs. expense

2.40%Q4 ’052.65%Q4 ’062.55%Q4 ’07+23%+99%

Executive Summary

  • Earnings: ROA of -1.11%, down 204 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.93%.
  • Funding: loans stand at 71.43% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

-1.11%-204 bps YoY

Net Interest Margin (quarter, annualized)

3.51%+10 bps YoY

Efficiency Ratio (quarter, annualized)

86.92%+2,541 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.92%0.19%0.93%1.15%-1.11%-204 bps
Return on Equity10.89%1.72%6.55%7.45%-7.00%-1,789 bps
Net Interest Margin3.40%0.69%3.52%3.59%3.51%+10 bps
Efficiency Ratio61.51%62.07%57.88%55.68%86.92%+2,541 bps
Non-Interest Burden1.76%0.43%2.02%1.86%3.50%+174 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 / Loans0.33%-0.03%0.02%0.25%4.93%+460 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