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Valley State Bank

Eldridge, IA · Cert 33828

FDIC

Q4 2001

$223.4MAssets
$149.1MLoans
$164.0MDeposits
$17.4MEquity
Loan mix
61%RE $45.6M38%C&I $28.6M0%Consumer $0.1MQ4 2000Q4 2001
Deposit mix
89%Interest-bearing $145.4M11%Noninterest $18.6MQ4 2000Q4 2001

NIM

7.59%Q1 ’017.17%Q3 ’016.63%Q4 ’01+24%-3%

Non-interest income vs. expense

2.15%Q1 ’012.95%Q3 ’013.62%Q4 ’01+47%+11%

Executive Summary

  • Earnings: ROA of 0.85%, up 2 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.64%.
  • Funding: loans stand at 90.92% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

0.85%+2 bps YoY

Net Interest Margin (quarter, annualized)

3.25%

Efficiency Ratio (quarter, annualized)

71.52%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets0.83%0.82%0.76%0.86%0.85%+2 bps
Return on Equityn/an/a9.39%10.66%10.72%n/a
Net Interest Marginn/a2.73%2.93%3.37%3.25%n/a
Efficiency Ration/a57.21%62.18%63.01%71.52%n/a
Non-Interest Burdenn/a1.11%1.32%1.63%1.81%n/a
Growth
Asset Growth (YoY)27.06%30.89%29.49%27.02%20.45%-661 bps
Loan Growth (YoY)24.92%23.68%26.24%17.71%22.62%-230 bps
Deposit Growth (YoY)18.13%26.76%27.91%24.25%19.23%+110 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.00%1.29%0.04%0.64%n/a
Allowance / Loansn/a1.05%0.94%1.12%1.07%n/a
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 Capitaln/a12.60%12.31%12.16%11.53%n/a
Equity / Assetsn/a8.12%8.04%8.01%7.78%n/a
Liquidity & Funding
Loans / Deposits88.41%88.97%90.74%83.92%90.92%+251 bps
Liquid Assets / Assets0.00%0.02%0.01%0.01%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a