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Letter portraitLegal landscapeQuarterYTD

Heritage Bank of St. Joseph, The

Saint Joseph, MO · Cert 26237

FDIC

Q4 2002

$165.5MAssets
$80.4MLoans
$141.7MDeposits
$13.8MEquity
Loan mix
71%RE $28.8M29%C&I $11.7M0%Consumer $0.1MQ4 2001Q4 2002
Deposit mix
85%Interest-bearing $120.8M15%Noninterest $20.9MQ4 2001Q4 2002

NIM

7.29%Q1 ’016.17%Q4 ’015.22%Q4 ’020%-11%

Non-interest income vs. expense

2.56%Q1 ’012.66%Q4 ’012.66%Q4 ’02+1%+17%

Executive Summary

  • Earnings: ROA of 1.65%, down 13 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 56.71% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

1.65%-13 bps YoY

Net Interest Margin (quarter, annualized)

3.36%-41 bps YoY

Efficiency Ratio (quarter, annualized)

64.16%+912 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets1.77%2.71%2.07%3.05%1.65%-13 bps
Return on Equity23.00%36.22%26.58%37.70%20.11%-289 bps
Net Interest Margin3.77%3.70%3.77%3.52%3.36%-41 bps
Efficiency Ratio55.03%48.04%57.94%58.84%64.16%+912 bps
Non-Interest Burden1.60%0.81%1.78%1.76%1.87%+27 bps
Growth
Asset Growth (YoY)6.75%6.49%9.13%12.79%12.98%+624 bps
Loan Growth (YoY)17.28%-3.71%1.33%1.86%0.06%-1,723 bps
Deposit Growth (YoY)3.41%8.23%10.65%12.69%13.60%+1,019 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.02%0.08%0.06%0.14%-12 bps
Allowance / Loans1.43%1.60%1.38%1.36%1.36%-7 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 Capital13.03%14.62%13.81%14.10%16.09%+306 bps
Equity / Assets7.53%7.45%8.10%8.05%8.32%+79 bps
Liquidity & Funding
Loans / Deposits64.38%57.89%61.34%59.51%56.71%-767 bps
Liquid Assets / Assets0.02%0.05%0.14%0.16%0.13%+11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a