PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Raccoon Valley State Bank

Adel, IA · Cert 222

FDIC

Q3 2003

$68.8MAssets
$50.5MLoans
$60.9MDeposits
$5.0MEquity
Loan mix
69%RE $20.3M31%C&I $9.0M0%Consumer $0.1MQ3 2002Q3 2003
Deposit mix
83%Interest-bearing $50.8M17%Noninterest $10.2MQ3 2002Q3 2003

NIM

7.38%Q3 ’016.65%Q3 ’026.04%Q3 ’03+11%+5%

Non-interest income vs. expense

2.98%Q3 ’013.16%Q3 ’023.36%Q3 ’03+8%+8%

Executive Summary

  • Earnings: ROA of -1.54%, down 263 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.82%.
  • Funding: loans stand at 82.84% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

-1.54%-263 bps YoY

Net Interest Margin (quarter, annualized)

4.10%+20 bps YoY

Efficiency Ratio (quarter, annualized)

70.05%+121 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.09%0.70%-3.23%0.60%-1.54%-263 bps
Return on Equity15.40%9.88%-45.89%8.23%-20.83%-3,623 bps
Net Interest Margin3.90%3.91%3.50%3.79%4.10%+20 bps
Efficiency Ratio68.84%75.48%76.56%71.34%70.05%+121 bps
Non-Interest Burden2.47%2.76%2.52%2.50%2.67%+19 bps
Growth
Asset Growth (YoY)8.19%6.36%10.50%1.03%-1.76%-994 bps
Loan Growth (YoY)11.96%10.87%3.98%-1.25%-6.58%-1,855 bps
Deposit Growth (YoY)10.01%7.83%12.36%3.81%1.40%-861 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.85%0.07%5.93%0.75%0.82%-4 bps
Allowance / Loans1.35%1.49%1.64%1.67%2.54%+119 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 Capital10.39%10.50%11.38%11.74%11.23%+85 bps
Equity / Assets7.12%7.02%7.05%7.59%7.24%+12 bps
Liquidity & Funding
Loans / Deposits89.92%86.03%79.84%82.73%82.84%-708 bps
Liquid Assets / Assets0.91%2.49%2.39%1.93%1.96%+105 bps
CRE / Total Capitaln/an/an/an/an/an/an/a