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Stephens Federal Bank

Toccoa, GA · Cert 29511

FDIC · 3 branches

Q3 2014

$147.2MAssets
$106.1MLoans
$140.5MDeposits
$6.3MEquity
Loan mix
97%RE $96.2M1%C&I $1.0M2%Consumer $2.1MQ3 2013Q3 2014
Deposit mix
92%Interest-bearing $129.8M8%Noninterest $10.8MQ3 2013Q3 2014

NIM

3.82%Q3 ’123.49%Q3 ’133.25%Q3 ’14-2%-4%

Non-interest income vs. expense

3.43%Q3 ’123.76%Q3 ’133.87%Q3 ’14-9%+6%

Executive Summary

  • Earnings: ROA of 0.39%, up 98 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.55%.
  • Funding: loans stand at 75.48% of deposits as of Q3 2014.

Financial Results

Return on Assets (quarter, annualized)

0.39%+98 bps YoY

Net Interest Margin (quarter, annualized)

2.96%-13 bps YoY

Efficiency Ratio (quarter, annualized)

132.24%+1,346 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets-0.59%-0.46%-0.89%-0.41%0.39%+98 bps
Return on Equity-13.98%-10.83%-21.49%-10.11%9.47%+2,345 bps
Net Interest Margin3.10%3.19%3.09%3.16%2.96%-13 bps
Efficiency Ratio118.78%113.49%127.92%111.69%132.24%+1,346 bps
Non-Interest Burden3.69%3.65%3.98%3.57%3.91%+22 bps
Growth
Asset Growth (YoY)-9.22%-9.27%-9.21%-9.75%-8.31%+92 bps
Loan Growth (YoY)-12.84%-10.12%-8.44%-8.78%-9.52%+331 bps
Deposit Growth (YoY)-9.14%-9.29%-9.24%-9.62%-8.33%+81 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.54%0.11%0.50%0.86%0.55%-98 bps
Allowance / Loans2.64%2.67%2.59%2.49%1.93%-71 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 Capital7.10%7.09%6.94%7.07%7.27%+16 bps
Equity / Assets4.25%4.19%4.05%4.01%4.27%+2 bps
Liquidity & Funding
Loans / Deposits76.48%75.87%75.88%73.72%75.48%-100 bps
Liquid Assets / Assets11.56%12.76%12.90%15.21%13.60%+204 bps
CRE / Total Capitaln/an/an/an/an/an/an/a