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Bank of the Lakes, NA

Owasso, OK · Cert 22353

FDIC

Q4 2013

$168.8MAssets
$105.9MLoans
$153.6MDeposits
$14.9MEquity
Loan mix
65%RE $51.9M24%C&I $18.9M11%Consumer $8.5MQ4 2012Q4 2013
Deposit mix
85%Interest-bearing $130.2M15%Noninterest $23.4MQ4 2012Q4 2013

NIM

4.25%Q4 ’113.94%Q4 ’124.07%Q4 ’13-5%+8%

Non-interest income vs. expense

3.58%Q4 ’113.73%Q4 ’124.07%Q4 ’13+20%+16%

Executive Summary

  • Earnings: ROA of -1.46%, up 54 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.11%.
  • Funding: loans stand at 68.95% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

-1.46%+54 bps YoY

Net Interest Margin (YTD, annualized)

3.29%+24 bps YoY

Efficiency Ratio (YTD, annualized)

102.88%+234 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-2.00%-3.22%-2.07%-1.33%-1.46%+54 bps
Return on Equity-22.62%-45.67%-27.69%-17.09%-18.23%+439 bps
Net Interest Margin3.05%2.78%3.09%3.22%3.29%+24 bps
Efficiency Ratio100.54%114.37%94.60%93.99%102.88%+234 bps
Non-Interest Burden3.07%3.28%2.88%2.98%3.57%+51 bps
Growth
Asset Growth (YoY)4.96%-2.75%-12.09%-14.65%-17.78%-2,274 bps
Loan Growth (YoY)-2.65%-10.96%-16.27%-21.54%-25.05%-2,240 bps
Deposit Growth (YoY)8.09%0.16%-11.60%-15.25%-19.03%-2,712 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.60%3.66%3.66%2.65%2.11%-49 bps
Allowance / Loans2.14%2.61%2.65%2.71%2.96%+81 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 Capital10.87%10.70%12.91%12.96%12.08%+121 bps
Equity / Assets7.49%6.62%8.39%8.93%8.82%+132 bps
Liquidity & Funding
Loans / Deposits74.49%66.41%70.36%71.51%68.95%-553 bps
Liquid Assets / Assets0.59%0.61%0.29%0.17%1.65%+107 bps
CRE / Total Capitaln/an/an/an/an/an/an/a