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Quarry City Savings and Loan Association

Warrensburg, MO · Cert 28776

FDIC · 1 branch

Q2 2022

$74.7MAssets
$48.6MLoans
$64.6MDeposits
$9.4MEquity
Loan mix
95%RE $38.1M3%C&I $1.2M2%Consumer $0.6MQ3 2020Q2 2022
Deposit mix
88%Interest-bearing $57.2M12%Noninterest $7.5MQ3 2020Q2 2022

Executive Summary

  • Earnings: ROA of -0.40%, down 21 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.00% of loans (-171 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 12.65%, down 83 bps from a year ago.
  • Funding: loans stand at 75.23% of deposits as of Q2 2022.

Return on Assets (quarter, annualized)

-0.40%-21 bps YoY

Net Interest Margin (quarter, annualized)

2.63%+33 bps YoY

Efficiency Ratio (quarter, annualized)

114.88%+548 bps YoY

Tier 1 Leverage Ratio

12.65%-83 bps YoY

NIM

3.76%Q2 ’202.91%Q2 ’213.01%Q2 ’22-20%+14%

Non-interest income vs. expense

3.60%Q2 ’203.68%Q2 ’214.31%Q2 ’22+47%+22%

Discrete quarter, annualized.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.63%0.33%0.74%-0.19%0.28%-0.12%-0.39%-0.40%-21 bps
Return on Equity4.32%2.33%5.30%-1.42%2.13%-0.88%-2.98%-3.17%-175 bps
Net Interest Margin2.84%2.80%2.49%2.30%3.01%2.46%2.33%2.63%+33 bps
Efficiency Ratio80.25%93.16%78.93%109.40%91.78%104.46%114.31%114.88%+548 bps
Non-Interest Burden1.95%2.50%1.49%2.62%2.66%2.65%2.82%3.19%+57 bps
Growth
Asset Growth (YoY)13.85%14.04%16.27%16.03%11.53%6.06%6.77%3.14%-1,288 bps
Loan Growth (YoY)4.03%14.44%2.60%-6.73%-1.77%-11.49%0.91%9.14%+1,587 bps
Deposit Growth (YoY)15.31%15.51%17.79%18.22%13.38%6.99%8.62%3.87%-1,435 bps
Asset Quality
Nonperforming Loans / Loans1.70%1.62%1.78%1.71%0.10%0.00%0.00%0.00%-171 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.95%0.92%1.01%1.06%0.97%1.03%1.01%0.97%-9 bps
Allowance Coverage of NPLs0.6x0.6x0.6x0.6x9.4xn/an/an/an/a
Capital
Tier 1 Leverage Ratio14.78%14.29%14.02%13.48%13.31%13.29%13.07%12.65%-83 bps
Total Risk-Based Capital21.15%20.43%22.09%22.32%22.14%23.55%23.49%22.12%-20 bps
Equity / Assets14.40%14.06%13.76%13.18%13.18%13.43%12.78%12.62%-56 bps
Liquidity & Funding
Loans / Deposits89.66%90.21%78.63%71.59%77.69%74.62%73.05%75.23%+363 bps
Liquid Assets / Assets17.55%17.07%27.04%32.66%27.33%30.70%31.72%29.82%-284 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a