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United Nebraska Bank

Grand Island, NE · Cert 33900

FDIC

Q2 2004

$503.2MAssets
$304.5MLoans
$410.2MDeposits
$47.8MEquity
Loan mix
75%RE $90.3M24%C&I $29.2M0%Consumer $0.3MQ2 2003Q2 2004
Deposit mix
84%Interest-bearing $345.9M16%Noninterest $64.2MQ2 2003Q2 2004

NIM

6.20%Q2 ’025.05%Q2 ’034.72%Q2 ’04-16%+4%

Non-interest income vs. expense

3.03%Q2 ’023.15%Q2 ’033.09%Q2 ’04-14%+17%

Executive Summary

  • Earnings: ROA of 1.25%, down 6 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 74.24% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

1.25%-6 bps YoY

Net Interest Margin (quarter, annualized)

3.59%+13 bps YoY

Efficiency Ratio (quarter, annualized)

62.44%+63 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.31%0.82%1.49%1.55%1.25%-6 bps
Return on Equity14.09%8.71%16.26%16.78%13.14%-96 bps
Net Interest Margin3.47%3.40%3.45%3.64%3.59%+13 bps
Efficiency Ratio61.81%61.55%63.38%56.85%62.44%+63 bps
Non-Interest Burden1.52%1.60%1.55%1.40%1.77%+25 bps
Growth
Asset Growth (YoY)5.16%2.36%0.71%-0.26%-2.70%-785 bps
Loan Growth (YoY)-5.27%-6.34%-3.49%1.64%2.12%+738 bps
Deposit Growth (YoY)4.62%1.59%-0.17%-2.11%-4.07%-868 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.96%0.20%0.29%0.13%-14 bps
Allowance / Loans1.48%1.54%1.53%1.43%1.40%-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 Capital12.51%12.56%11.76%11.84%12.31%-20 bps
Equity / Assets9.38%9.41%8.95%9.53%9.50%+13 bps
Liquidity & Funding
Loans / Deposits69.75%70.02%70.16%72.94%74.24%+449 bps
Liquid Assets / Assets10.59%8.82%7.90%7.11%6.16%-442 bps
CRE / Total Capitaln/an/an/an/an/an/an/a