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State-Investors Bank

Metairie, LA · Cert 27626

FDIC · 4 branches

Q3 2015

$248.7MAssets
$201.6MLoans
$150.6MDeposits
$39.9MEquity
Loan mix
99%RE $165.1M0%C&I $0.6M1%Consumer $1.3MQ4 2013Q3 2015
Deposit mix
92%Interest-bearing $138.9M8%Noninterest $11.8MQ4 2013Q3 2015

Market Position · New Orleans-Metairie, LA · 2015 SOD (annual) · 0.5% share · #18 of 36 inst. · $0.2B of $33.6B

0.9% Jefferson
0.7% St. Tammany
0.1% Orleans

Executive Summary

  • Earnings: ROA of 0.93%, up 28 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 15.11%.
  • Funding: loans stand at 133.83% of deposits as of Q3 2015.

Return on Assets (quarter, annualized)

0.93%+28 bps YoY

Net Interest Margin (quarter, annualized)

3.19%-36 bps YoY

Efficiency Ratio (quarter, annualized)

67.72%-140 bps YoY

Tier 1 Leverage Ratio

15.11%

NIM

4.03%Q3 ’134.57%Q3 ’144.17%Q3 ’15+19%-10%

Non-interest income vs. expense

2.41%Q3 ’132.49%Q3 ’142.19%Q3 ’15+3%-12%

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.42%0.52%0.65%0.66%0.69%0.51%0.51%0.93%+28 bps
Return on Equity2.85%3.49%4.38%4.54%4.86%3.50%3.44%6.02%+148 bps
Net Interest Margin3.12%3.32%3.44%3.55%3.45%3.45%3.31%3.19%-36 bps
Efficiency Ratio77.59%73.64%68.83%69.12%66.78%76.18%69.59%67.72%-140 bps
Non-Interest Burden2.42%2.44%2.36%2.44%2.30%2.62%2.29%2.15%-29 bps
Growth
Asset Growth (YoY)4.99%5.39%8.87%5.00%5.15%2.92%-2.76%-7.47%-1,247 bps
Loan Growth (YoY)13.63%15.13%15.82%9.87%9.46%6.01%-2.84%-6.03%-1,590 bps
Deposit Growth (YoY)-2.87%-3.06%1.42%-1.15%-1.89%-2.79%-5.14%-7.21%-606 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.39%0.00%0.26%0.03%0.00%0.00%0.00%0.00%-3 bps
Allowance / Loans0.67%0.68%0.61%0.63%0.64%0.67%0.72%0.77%+14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/a14.43%14.61%15.11%n/a
Total Risk-Based Capital26.12%26.13%24.85%24.19%23.96%23.26%24.21%25.64%+145 bps
Equity / Assets14.91%15.01%14.61%14.26%14.27%14.65%15.01%16.06%+180 bps
Liquidity & Funding
Loans / Deposits123.08%127.36%131.24%132.15%137.32%138.88%134.44%133.83%+168 bps
Liquid Assets / Assets1.13%0.79%0.69%0.64%0.34%0.30%0.77%0.48%-15 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a