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Central Valley Bank

Ottumwa, IA · Cert 33921

FDIC

Q4 2005

$130.7MAssets
$106.0MLoans
$105.7MDeposits
$13.1MEquity
Loan mix
81%RE $56.7M19%C&I $13.3M0%Consumer $0.2MQ4 2004Q4 2005
Deposit mix
88%Interest-bearing $92.6M12%Noninterest $13.1MQ4 2004Q4 2005

NIM

7.01%Q1 ’046.57%Q4 ’046.23%Q4 ’05-7%-16%

Non-interest income vs. expense

2.69%Q1 ’042.61%Q4 ’042.83%Q4 ’05-10%+12%

Executive Summary

  • Earnings: ROA of 1.03%, down 41 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 100.28% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.03%-41 bps YoY

Net Interest Margin (quarter, annualized)

4.00%-75 bps YoY

Efficiency Ratio (quarter, annualized)

59.34%+1,231 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.44%1.53%1.41%1.30%1.03%-41 bps
Return on Equity13.09%13.92%13.20%12.30%9.93%-316 bps
Net Interest Margin4.75%5.20%4.99%4.48%4.00%-75 bps
Efficiency Ratio47.03%43.80%48.67%51.46%59.34%+1,231 bps
Non-Interest Burden1.88%1.97%2.09%1.99%2.11%+23 bps
Growth
Asset Growth (YoY)1.39%0.72%6.73%2.85%7.89%+650 bps
Loan Growth (YoY)3.22%2.45%5.55%4.92%6.35%+314 bps
Deposit Growth (YoY)6.29%3.85%1.10%1.72%11.23%+494 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.91%0.77%0.84%0.35%0.29%-63 bps
Allowance / Loans1.29%1.37%1.29%1.36%1.35%+6 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 Capital12.85%13.10%12.29%12.55%11.91%-94 bps
Equity / Assets10.89%11.09%10.30%10.80%10.04%-85 bps
Liquidity & Funding
Loans / Deposits104.88%105.05%110.61%110.62%100.28%-460 bps
Liquid Assets / Assets1.41%1.31%1.12%0.69%0.65%-77 bps
CRE / Total Capitaln/an/an/an/an/an/an/a