PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First State Bank

Brazil, IN · Cert 25325

FDIC

Q2 2004

$131.3MAssets
$90.4MLoans
$92.4MDeposits
$11.9MEquity
Loan mix
60%RE $43.7M39%C&I $28.5M1%Consumer $0.4MQ2 2003Q2 2004
Deposit mix
86%Interest-bearing $79.4M14%Noninterest $13.0MQ2 2003Q2 2004

NIM

6.87%Q2 ’026.48%Q2 ’035.36%Q2 ’04-4%-26%

Non-interest income vs. expense

1.88%Q2 ’022.23%Q2 ’032.63%Q2 ’04+6%+36%

Executive Summary

  • Earnings: ROA of 0.48%, down 87 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.65%.
  • Funding: loans stand at 97.77% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

0.48%-87 bps YoY

Net Interest Margin (quarter, annualized)

2.75%-96 bps YoY

Efficiency Ratio (quarter, annualized)

71.25%+2,387 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.34%0.99%1.01%0.95%0.48%-87 bps
Return on Equity14.11%10.23%10.28%9.59%4.98%-913 bps
Net Interest Margin3.71%3.06%2.99%2.81%2.75%-96 bps
Efficiency Ratio47.39%52.01%49.83%53.27%71.25%+2,387 bps
Non-Interest Burden1.24%1.19%1.10%0.95%1.69%+45 bps
Growth
Asset Growth (YoY)-1.95%-8.03%1.85%0.76%7.47%+942 bps
Loan Growth (YoY)-6.17%-5.36%-6.48%-8.67%-9.11%-294 bps
Deposit Growth (YoY)-1.72%-12.22%4.01%0.35%11.83%+1,355 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.75%-0.02%1.71%0.15%0.65%-110 bps
Allowance / Loans1.49%1.63%1.40%1.58%1.52%+4 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 Capital13.98%14.49%15.01%15.63%14.94%+96 bps
Equity / Assets9.57%9.82%9.79%10.02%9.10%-47 bps
Liquidity & Funding
Loans / Deposits120.30%119.25%113.04%106.84%97.77%-2,253 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a