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First Federal Savings Bank of Creston, FSB

Creston, IA · Cert 33524

FDIC

Q2 2013

$79.3MAssets
$42.5MLoans
$70.9MDeposits
$8.2MEquity
Loan mix
84%RE $30.6M8%C&I $2.9M8%Consumer $3.1MQ2 2012Q2 2013
Deposit mix
93%Interest-bearing $65.9M7%Noninterest $5.0MQ2 2012Q2 2013

NIM

4.19%Q1 ’124.11%Q2 ’123.71%Q2 ’13-2%-8%

Non-interest income vs. expense

2.82%Q1 ’122.76%Q2 ’122.32%Q2 ’13-4%-15%

Executive Summary

  • Earnings: ROA of 1.11%, up 6 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 59.99% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

1.11%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-26 bps YoY

Efficiency Ratio (YTD, annualized)

66.21%-527 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets1.04%1.08%1.08%0.98%1.11%+6 bps
Return on Equityn/an/an/a9.52%10.74%n/a
Net Interest Margin3.38%3.31%3.14%3.17%3.13%-26 bps
Efficiency Ratio71.48%70.21%70.12%69.73%66.21%-527 bps
Non-Interest Burden2.28%2.18%2.07%2.10%1.94%-34 bps
Growth
Asset Growth (YoY)7.78%12.53%9.41%9.27%9.55%+178 bps
Loan Growth (YoY)4.64%7.64%8.43%4.73%4.47%-17 bps
Deposit Growth (YoY)7.87%13.23%9.95%9.76%10.39%+251 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.01%0.06%0.04%+4 bps
Allowance / Loans0.58%0.55%0.54%0.57%0.55%-2 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 Capital19.28%19.02%18.56%20.27%19.42%+14 bps
Equity / Assets11.01%10.67%10.25%10.26%10.37%-64 bps
Liquidity & Funding
Loans / Deposits63.38%62.85%61.64%57.18%59.99%-340 bps
Liquid Assets / Assets36.34%37.51%39.75%42.32%38.17%+182 bps
CRE / Total Capitaln/an/an/an/an/an/an/a