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Southwest Bank

Ulysses, KS · Cert 25302

FDIC

Q1 2003

$43.8MAssets
$27.7MLoans
$37.7MDeposits
$4.0MEquity
Loan mix
73%RE $12.1M26%C&I $4.4M0%Consumer $0.0MQ1 2002Q1 2003
Deposit mix
90%Interest-bearing $34.1M10%Noninterest $3.7MQ1 2002Q1 2003

NIM

7.82%Q1 ’016.61%Q1 ’025.80%Q1 ’03+9%-6%

Non-interest income vs. expense

2.93%Q1 ’013.55%Q1 ’024.17%Q1 ’03+13%+33%

Executive Summary

  • Earnings: ROA of 0.03%, down 53 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 73.46% of deposits as of Q1 2003.

Financial Results

Return on Assets (quarter, annualized)

0.03%-53 bps YoY

Net Interest Margin (quarter, annualized)

3.60%-22 bps YoY

Efficiency Ratio (quarter, annualized)

101.77%+2,482 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.55%-0.27%-3.12%-1.65%0.03%-53 bps
Return on Equity6.15%-2.96%-34.16%-18.40%0.30%-585 bps
Net Interest Margin3.82%3.85%3.65%3.43%3.60%-22 bps
Efficiency Ratio76.95%86.63%101.89%94.89%101.77%+2,482 bps
Non-Interest Burden2.75%3.26%3.73%3.21%3.67%+92 bps
Growth
Asset Growth (YoY)-6.01%-5.88%-7.33%-7.69%-11.21%-521 bps
Loan Growth (YoY)-5.58%-4.91%-8.68%-13.98%-15.66%-1,007 bps
Deposit Growth (YoY)-2.57%-3.69%-6.96%-5.20%-11.24%-866 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.32%1.25%0.82%10.40%0.33%-299 bps
Allowance / Loans0.85%0.91%2.50%1.06%1.08%+23 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 Capital11.35%10.03%13.91%11.45%11.30%-5 bps
Equity / Assets9.02%9.26%9.03%8.87%9.08%+6 bps
Liquidity & Funding
Loans / Deposits77.30%82.69%85.29%78.15%73.46%-385 bps
Liquid Assets / Assets1.29%0.85%0.99%2.29%0.73%-56 bps
CRE / Total Capitaln/an/an/an/an/an/an/a