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First State Bank of Thayer

Thayer, KS · Cert 25340

FDIC

Q4 2009

$9.1MAssets
$3.8MLoans
$8.2MDeposits
$879KEquity
Deposit mix
76%Interest-bearing $6.2M24%Noninterest $2.0MQ4 2008Q4 2009

NIM

5.75%Q4 ’074.65%Q4 ’083.43%Q4 ’09-10%-25%

Non-interest income vs. expense

3.39%Q4 ’073.13%Q4 ’083.13%Q4 ’09-5%-42%

Executive Summary

  • Earnings: ROA of 1.26%, up 14 bps year over year; NIM at 2.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 45.68% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

1.26%+14 bps YoY

Net Interest Margin (quarter, annualized)

2.66%-87 bps YoY

Efficiency Ratio (quarter, annualized)

70.87%-204 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets1.13%0.62%0.38%0.17%1.26%+14 bps
Return on Equity11.73%6.61%4.23%1.88%13.41%+168 bps
Net Interest Margin3.53%3.00%3.02%2.98%2.66%-87 bps
Efficiency Ratio72.92%83.72%88.89%95.56%70.87%-204 bps
Non-Interest Burden2.37%2.38%2.60%2.81%1.37%-100 bps
Growth
Asset Growth (YoY)1.35%2.48%9.31%3.85%3.11%+176 bps
Loan Growth (YoY)0.89%-8.03%-17.75%-9.90%-10.55%-1,144 bps
Deposit Growth (YoY)1.33%2.68%10.23%4.43%3.07%+174 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.05%1.08%1.11%1.08%1.17%+12 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 Capital20.20%22.05%21.44%21.28%23.86%+365 bps
Equity / Assets9.56%9.28%8.69%9.22%9.65%+8 bps
Liquidity & Funding
Loans / Deposits52.64%48.87%44.41%48.60%45.68%-695 bps
Liquid Assets / Assets27.50%48.91%54.69%50.91%53.86%+2,636 bps
CRE / Total Capitaln/an/an/an/an/an/an/a