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First Federal Savings & Loan Association of Independence

Independence, KS · Cert 27852

FDIC · 5 branches

Q3 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2015, the quarter ended September 30, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Federal Savings & Loan Association of Independence

Independence, KS · Cert 27852

FDIC · 5 branches

Q3 2015

$131.7MAssets
$90.8MLoans
$87.5MDeposits
$13.8MEquity
Loan mix
93%RE $81.9M1%C&I $0.4M6%Consumer $5.2MQ3 2014Q3 2015
Deposit mix
88%Interest-bearing $77.1M12%Noninterest $10.4MQ3 2014Q3 2015

NIM

4.09%Q3 ’134.05%Q3 ’144.22%Q3 ’15+6%+8%

Non-interest income vs. expense

3.94%Q3 ’133.31%Q3 ’143.76%Q3 ’15-21%+20%

Market Position · Lawrence, KS · 2015 SOD (annual) · 0.0% share · #23 of 23 inst. · $0.0B of $2.1B

12.2% Montgomery
4.2% Wilson
1.1% Crawford
0.0% Douglas

Executive Summary

  • Earnings: ROA of 0.14%, down 25 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.45%.
  • Funding: loans stand at 103.81% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.14%-25 bps YoY

Net Interest Margin (YTD, annualized)

3.28%+24 bps YoY

Efficiency Ratio (YTD, annualized)

96.89%+782 bps YoY

Tier 1 Leverage Ratio

10.45%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.39%0.45%0.56%0.35%0.14%-25 bps
Return on Equity4.04%4.65%5.60%3.48%1.39%-266 bps
Net Interest Margin3.04%3.11%3.16%3.27%3.28%+24 bps
Efficiency Ratio89.07%87.14%84.54%91.38%96.89%+782 bps
Non-Interest Burden2.63%2.62%2.56%2.95%3.16%+53 bps
Growth
Asset Growth (YoY)-2.43%-0.45%-1.47%-3.33%-3.80%-137 bps
Loan Growth (YoY)4.07%12.12%13.69%9.75%8.21%+414 bps
Deposit Growth (YoY)-4.18%-1.03%-2.75%-5.25%-6.29%-210 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.25%0.20%0.00%0.03%0.04%-21 bps
Allowance / Loans2.05%1.97%1.95%1.89%1.85%-20 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a10.14%10.33%10.45%n/a
Total Risk-Based Capital20.88%20.62%21.91%22.24%22.35%+147 bps
Equity / Assets9.84%10.04%10.09%10.35%10.50%+66 bps
Liquidity & Funding
Loans / Deposits89.90%95.04%95.72%99.04%103.81%+1,391 bps
Liquid Assets / Assets30.80%27.56%27.53%25.12%24.35%-645 bps
CRE / Total Capitaln/an/an/an/an/an/an/a