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Midwest Federal Savings and Loan Association of St. Joseph

Saint Joseph, MO · Cert 28731

FDIC

Q4 2013

$32.2MAssets
$20.3MLoans
$26.0MDeposits
$6.1MEquity
Loan mix
95%RE $18.5M4%C&I $0.7M1%Consumer $0.3MQ1 2012Q4 2013
Deposit mix
92%Interest-bearing $23.9M8%Noninterest $2.1MQ1 2012Q4 2013

Executive Summary

  • Earnings: ROA of -0.70%, down 124 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 78.16% of deposits as of Q4 2013.

Return on Assets (quarter, annualized)

-0.70%-124 bps YoY

Net Interest Margin (quarter, annualized)

3.34%+10 bps YoY

Efficiency Ratio (quarter, annualized)

122.48%+3,832 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

3.72%Q1 ’124.09%Q4 ’123.93%Q4 ’13+20%+3%

Non-interest income vs. expense

3.12%Q1 ’122.92%Q4 ’124.55%Q4 ’13-7%+55%

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.30%0.18%0.03%0.54%0.88%0.07%-0.51%-0.70%-124 bps
Return on Equityn/a1.01%0.19%3.01%4.75%0.38%-2.75%-3.69%-670 bps
Net Interest Margin2.70%3.06%3.12%3.24%3.36%3.21%3.20%3.34%+10 bps
Efficiency Ratio106.18%94.04%94.81%84.16%77.09%95.82%113.42%122.48%+3,832 bps
Non-Interest Burden2.88%2.85%2.95%2.69%2.41%3.05%3.68%4.18%+149 bps
Growth
Asset Growth (YoY)2.68%-1.72%-1.77%0.54%-2.56%-1.77%-6.86%-8.29%-883 bps
Loan Growth (YoY)34.66%22.39%25.00%24.48%0.40%-4.59%-9.24%-6.50%-3,098 bps
Deposit Growth (YoY)3.92%-1.78%-2.17%0.41%-3.52%-1.98%-7.82%-9.36%-976 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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.66%0.68%0.72%0.71%0.77%0.82%0.84%0.81%+9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital33.62%33.50%31.97%32.09%34.06%35.03%36.95%34.55%+246 bps
Equity / Assets17.88%18.08%18.01%18.18%18.66%18.27%18.91%19.04%+85 bps
Liquidity & Funding
Loans / Deposits71.97%73.21%74.79%75.77%74.90%71.27%73.63%78.16%+239 bps
Liquid Assets / Assets20.22%20.46%20.08%17.10%18.22%21.77%19.93%16.24%-85 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a