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Greers Ferry Lake State Bank

Heber Springs, AR · Cert 33471

FDIC

Q2 2008

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: Q2 2008, the quarter ended June 30, 2008, 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

Greers Ferry Lake State Bank

Heber Springs, AR · Cert 33471

FDIC

Q2 2008

$63.5MAssets
$25.0MLoans
$53.1MDeposits
$5.0MEquity
Deposit mix
84%Interest-bearing $44.7M16%Noninterest $8.4MQ2 2007Q2 2008

NIM

5.67%Q2 ’065.76%Q2 ’075.41%Q2 ’08-16%-14%

Non-interest income vs. expense

2.83%Q2 ’062.68%Q2 ’072.33%Q2 ’08+2%-8%

Executive Summary

  • Earnings: ROA of 0.91%, down 16 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 47.06% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

0.91%-16 bps YoY

Net Interest Margin (YTD, annualized)

2.50%-41 bps YoY

Efficiency Ratio (YTD, annualized)

68.43%+219 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.08%0.83%0.98%0.86%0.91%-16 bps
Return on Equity13.04%9.98%11.80%10.48%11.30%-174 bps
Net Interest Margin2.91%3.00%3.02%2.69%2.50%-41 bps
Efficiency Ratio66.24%67.23%66.18%70.94%68.43%+219 bps
Non-Interest Burden1.55%1.65%1.62%1.63%1.43%-12 bps
Growth
Asset Growth (YoY)2.81%3.57%-0.08%10.10%13.07%+1,026 bps
Loan Growth (YoY)-12.73%-8.28%-8.28%-0.97%-2.87%+985 bps
Deposit Growth (YoY)11.92%3.78%-0.55%11.39%13.99%+207 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.71%0.50%0.62%0.06%-0.08%-79 bps
Allowance / Loans1.29%1.33%1.17%1.12%1.20%-9 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 Capital16.45%16.29%16.33%15.93%15.95%-50 bps
Equity / Assets8.36%8.39%8.41%8.04%7.87%-49 bps
Liquidity & Funding
Loans / Deposits55.23%54.81%51.04%47.51%47.06%-817 bps
Liquid Assets / Assets17.96%19.84%25.57%34.26%37.88%+1,992 bps
CRE / Total Capitaln/an/an/an/an/an/an/a