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Westside State Savings Bank

Westside, IA · Cert 238

FDIC

Q4 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2004, the quarter ended December 31, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Westside State Savings Bank

Westside, IA · Cert 238

FDIC

Q4 2004

$29.6MAssets
$21.5MLoans
$23.4MDeposits
$3.0MEquity
Deposit mix
85%Interest-bearing $19.9M15%Noninterest $3.5MQ4 2003Q4 2004

NIM

6.22%Q4 ’025.37%Q4 ’034.98%Q4 ’04-6%-4%

Non-interest income vs. expense

2.33%Q4 ’022.42%Q4 ’032.58%Q4 ’04+10%+7%

Executive Summary

  • Earnings: ROA of 1.17%, down 12 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 91.85% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

1.17%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.81%-17 bps YoY

Efficiency Ratio (YTD, annualized)

60.38%+573 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.29%0.90%1.00%1.02%1.17%-12 bps
Return on Equity11.41%8.24%9.15%9.44%10.91%-49 bps
Net Interest Margin3.98%3.95%3.99%3.92%3.81%-17 bps
Efficiency Ratio54.65%67.27%65.51%62.35%60.38%+573 bps
Non-Interest Burden1.97%2.54%2.46%2.27%2.11%+14 bps
Growth
Asset Growth (YoY)8.91%14.30%10.52%15.60%12.03%+312 bps
Loan Growth (YoY)10.66%17.75%12.54%11.74%14.99%+433 bps
Deposit Growth (YoY)4.70%7.63%7.94%22.39%17.53%+1,282 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.17%-0.04%-0.02%0.05%0.04%+21 bps
Allowance / Loans1.40%1.35%1.32%1.27%1.27%-13 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 Capital13.29%13.57%13.73%12.28%12.54%-75 bps
Equity / Assets10.74%11.15%10.93%10.39%10.27%-48 bps
Liquidity & Funding
Loans / Deposits93.87%100.50%103.08%96.73%91.85%-203 bps
Liquid Assets / Assets0.78%0.26%0.10%0.25%0.13%-64 bps
CRE / Total Capitaln/an/an/an/an/an/an/a