PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Valley Bank & Trust

Cherokee, IA · Cert 25866

FDIC

Q3 2011

$29.0MAssets
$23.7MLoans
$26.3MDeposits
$2.7MEquity
Loan mix
69%RE $13.3M17%C&I $3.3M14%Consumer $2.6MQ3 2010Q3 2011
Deposit mix
90%Interest-bearing $23.6M10%Noninterest $2.6MQ3 2010Q3 2011

NIM

5.98%Q3 ’095.84%Q3 ’104.84%Q3 ’11+7%-16%

Non-interest income vs. expense

3.20%Q3 ’093.29%Q3 ’103.33%Q3 ’11+4%-3%

Executive Summary

  • Earnings: ROA of 0.91%, down 62 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.56%.
  • Funding: loans stand at 90.05% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

0.91%-62 bps YoY

Net Interest Margin (quarter, annualized)

3.94%-73 bps YoY

Efficiency Ratio (quarter, annualized)

73.02%+948 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets1.53%0.07%0.75%0.08%0.91%-62 bps
Return on Equity17.48%0.78%8.83%0.92%10.11%-737 bps
Net Interest Margin4.68%4.28%3.62%3.88%3.94%-73 bps
Efficiency Ratio63.54%69.17%74.45%75.08%73.02%+948 bps
Non-Interest Burden2.79%2.78%2.59%2.80%2.71%-8 bps
Growth
Asset Growth (YoY)1.75%5.48%7.25%5.49%1.50%-25 bps
Loan Growth (YoY)1.82%-4.07%-6.39%-6.45%-6.32%-814 bps
Deposit Growth (YoY)1.27%5.47%7.53%5.37%1.13%-15 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.25%2.30%-0.35%-0.18%1.56%+130 bps
Allowance / Loans1.68%1.59%1.78%2.14%1.88%+20 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 Capital12.66%12.71%13.69%13.97%14.43%+177 bps
Equity / Assets8.92%8.37%8.52%8.68%9.25%+34 bps
Liquidity & Funding
Loans / Deposits97.20%87.36%86.48%87.41%90.05%-716 bps
Liquid Assets / Assets2.28%2.14%18.73%17.94%15.27%+1,299 bps
CRE / Total Capitaln/an/an/an/an/an/an/a