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First State Bank of Mapleton

Mapleton, IA · Cert 236

FDIC

Q1 2012

$50.6MAssets
$26.8MLoans
$46.0MDeposits
$4.2MEquity
Loan mix
72%RE $14.1M18%C&I $3.5M11%Consumer $2.1MQ1 2011Q1 2012
Deposit mix
81%Interest-bearing $37.2M19%Noninterest $8.8MQ1 2011Q1 2012

NIM

4.49%Q1 ’104.34%Q1 ’113.59%Q1 ’12+8%-13%

Non-interest income vs. expense

2.16%Q1 ’102.21%Q1 ’112.04%Q1 ’12-2%-12%

Executive Summary

  • Earnings: ROA of 0.85%, down 16 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.07%.
  • Funding: loans stand at 58.36% of deposits as of Q1 2012.

Financial Results

Return on Assets (YTD, annualized)

0.85%-16 bps YoY

Net Interest Margin (YTD, annualized)

2.66%-40 bps YoY

Efficiency Ratio (YTD, annualized)

60.93%+174 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets1.01%1.01%1.06%0.95%0.85%-16 bps
Return on Equity12.63%12.58%13.06%11.50%10.10%-253 bps
Net Interest Margin3.06%2.91%2.87%2.92%2.66%-40 bps
Efficiency Ratio59.20%59.28%57.18%62.24%60.93%+174 bps
Non-Interest Burden1.53%1.45%1.33%1.53%1.35%-18 bps
Growth
Asset Growth (YoY)-1.67%4.78%4.35%7.14%8.70%+1,037 bps
Loan Growth (YoY)-1.81%-5.71%-13.53%-13.58%-6.71%-491 bps
Deposit Growth (YoY)0.29%7.35%6.75%7.89%8.16%+787 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.10%-0.07%-0.11%-0.10%-0.07%+2 bps
Allowance / Loans2.42%2.51%2.62%2.67%2.69%+27 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 Capital14.16%14.57%15.38%15.44%16.32%+216 bps
Equity / Assets7.87%8.09%8.50%8.67%8.26%+39 bps
Liquidity & Funding
Loans / Deposits67.67%64.58%63.54%63.57%58.36%-930 bps
Liquid Assets / Assets27.43%19.86%20.37%15.79%23.66%-376 bps
CRE / Total Capitaln/an/an/an/an/an/an/a