PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

6.09%Q4 ’025.35%Q4 ’035.52%Q4 ’04-5%+6%

Non-interest income vs. expense

2.29%Q4 ’022.61%Q4 ’032.69%Q4 ’04+24%-1%

Executive Summary

  • Earnings: ROA of 1.57%, up 22 bps year over year; NIM at 4.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 91.85% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

1.57%+22 bps YoY

Net Interest Margin (quarter, annualized)

4.25%+23 bps YoY

Efficiency Ratio (quarter, annualized)

55.40%-208 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.35%0.90%1.11%1.07%1.57%+22 bps
Return on Equity12.29%8.24%10.02%10.06%15.24%+295 bps
Net Interest Margin4.02%3.95%4.10%4.25%4.25%+23 bps
Efficiency Ratio57.48%67.27%63.91%56.89%55.40%-208 bps
Non-Interest Burden2.10%2.54%2.43%2.18%2.09%-1 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 / Loans0.00%-0.04%0.00%0.19%0.00%0 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