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Corning Bank, The

Corning, AR · Cert 25234

FDIC

Q3 2002

$86.8MAssets
$66.6MLoans
$71.9MDeposits
$14.5MEquity
Loan mix
89%RE $28.5M9%C&I $2.8M2%Consumer $0.6MQ3 2001Q3 2002
Deposit mix
81%Interest-bearing $58.1M19%Noninterest $13.7MQ3 2001Q3 2002

NIM

7.64%Q1 ’017.59%Q3 ’016.50%Q3 ’02+13%-1%

Non-interest income vs. expense

2.07%Q1 ’011.97%Q3 ’011.93%Q3 ’02-7%-7%

Executive Summary

  • Earnings: ROA of 1.85%, down 1 bps year over year; NIM at 4.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 92.69% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.85%-1 bps YoY

Net Interest Margin (quarter, annualized)

4.52%-7 bps YoY

Efficiency Ratio (quarter, annualized)

38.76%-75 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.86%1.41%1.58%1.74%1.85%-1 bps
Return on Equity11.81%9.11%10.29%11.17%11.42%-40 bps
Net Interest Margin4.59%4.25%4.07%4.30%4.52%-7 bps
Efficiency Ratio39.50%48.49%42.94%40.32%38.76%-75 bps
Non-Interest Burden1.58%1.84%1.53%1.47%1.47%-10 bps
Growth
Asset Growth (YoY)4.26%6.85%5.72%8.51%1.96%-230 bps
Loan Growth (YoY)9.06%8.37%12.34%7.53%9.45%+40 bps
Deposit Growth (YoY)3.16%6.76%5.82%8.76%1.12%-204 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.03%0.25%0.12%0.04%-2 bps
Allowance / Loans1.19%1.33%1.32%1.20%1.21%+2 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 Capital21.73%22.48%22.88%21.68%21.95%+22 bps
Equity / Assets15.80%15.21%15.42%15.74%16.73%+93 bps
Liquidity & Funding
Loans / Deposits85.64%78.66%78.83%87.08%92.69%+705 bps
Liquid Assets / Assets6.72%1.95%1.88%1.85%0.67%-605 bps
CRE / Total Capitaln/an/an/an/an/an/an/a