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First Federal Savings and Loan Association of Kewanee

Kewanee, IL · Cert 29611

FDIC · 3 branches

Q4 2015

$59.1MAssets
$22.6MLoans
$52.2MDeposits
$6.7MEquity
Loan mix
93%RE $20.9M7%C&I $1.5M0%Consumer $0.1MQ4 2014Q4 2015
Deposit mix
99%Interest-bearing $51.9M1%Noninterest $0.3MQ4 2014Q4 2015

NIM

2.98%Q4 ’133.05%Q4 ’142.94%Q4 ’15+5%-5%

Non-interest income vs. expense

3.00%Q4 ’133.12%Q4 ’143.51%Q4 ’15+9%+13%

Market Position · Davenport-Moline-Rock Island, IA-IL · 2015 SOD (annual) · 0.7% share · #28 of 38 inst. · $0.1B of $7.5B

3.7% Henry
0.6% Bureau

Executive Summary

  • Earnings: ROA of -0.37%, down 37 bps year over year; NIM at 2.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.76%.
  • Capital: tier 1 leverage ratio of 11.14%.
  • Funding: loans stand at 43.40% of deposits as of Q4 2015.

Financial Results

Return on Assets (quarter, annualized)

-0.37%-37 bps YoY

Net Interest Margin (quarter, annualized)

2.64%-14 bps YoY

Efficiency Ratio (quarter, annualized)

129.80%+1,989 bps YoY

Tier 1 Leverage Ratio

11.14%

Discrete quarter, annualized.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets-0.01%-0.05%-0.50%-0.44%-0.37%-37 bps
Return on Equity-0.06%-0.46%-4.53%-3.95%-3.31%-325 bps
Net Interest Margin2.77%2.68%2.61%2.63%2.64%-14 bps
Efficiency Ratio109.91%103.03%116.50%116.63%129.80%+1,989 bps
Non-Interest Burden3.05%2.77%3.04%3.07%3.44%+39 bps
Growth
Asset Growth (YoY)-6.92%-6.07%-5.06%-4.16%-6.45%+48 bps
Loan Growth (YoY)-9.72%-10.09%-10.81%-5.50%-8.83%+89 bps
Deposit Growth (YoY)-7.22%-6.32%-5.35%-4.25%-6.69%+53 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.29%0.20%0.00%0.76%+76 bps
Allowance / Loans1.86%1.82%1.87%1.87%1.97%+11 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a10.96%10.92%10.95%11.14%n/a
Total Risk-Based Capital28.65%30.61%31.29%30.85%31.68%+303 bps
Equity / Assets11.13%10.94%11.10%11.22%11.33%+20 bps
Liquidity & Funding
Loans / Deposits44.43%43.00%42.95%43.99%43.40%-102 bps
Liquid Assets / Assets45.25%47.30%46.81%44.26%52.25%+700 bps
CRE / Total Capitaln/an/an/an/an/an/an/a