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Bank Altoona

Altoona, IA · Cert 33927

FDIC

Q4 2010

$142.3MAssets
$96.2MLoans
$109.0MDeposits
$12.5MEquity
Deposit mix
89%Interest-bearing $96.9M11%Noninterest $12.0MQ4 2009Q4 2010

NIM

5.64%Q4 ’085.89%Q4 ’094.91%Q4 ’10+5%+1%

Non-interest income vs. expense

2.76%Q4 ’083.33%Q4 ’093.09%Q4 ’10+22%-10%

Executive Summary

  • Earnings: ROA of -2.25%, down 129 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.56%.
  • Funding: loans stand at 88.25% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-2.25%-129 bps YoY

Net Interest Margin (YTD, annualized)

3.04%+3 bps YoY

Efficiency Ratio (YTD, annualized)

79.12%-690 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.96%-2.19%-2.50%-3.35%-2.25%-129 bps
Return on Equity-11.30%-25.73%-29.19%-39.03%-26.12%-1,482 bps
Net Interest Margin3.01%2.69%2.74%2.96%3.04%+3 bps
Efficiency Ratio86.02%90.21%87.47%85.33%79.12%-690 bps
Non-Interest Burden2.47%2.36%2.31%2.42%2.23%-24 bps
Growth
Asset Growth (YoY)-20.71%-22.40%-24.72%-10.40%-4.11%+1,660 bps
Loan Growth (YoY)-24.66%-28.35%-28.67%-9.47%-12.20%+1,245 bps
Deposit Growth (YoY)-24.39%-24.26%-27.88%-7.26%-0.58%+2,381 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.90%0.70%3.80%2.91%3.56%+166 bps
Allowance / Loans1.69%2.57%2.22%4.12%3.18%+149 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 Capital13.60%13.52%13.70%13.88%14.55%+95 bps
Equity / Assets8.94%8.10%8.66%8.64%8.75%-19 bps
Liquidity & Funding
Loans / Deposits99.93%87.91%93.23%93.79%88.25%-1,169 bps
Liquid Assets / Assets5.40%13.15%7.27%8.99%14.96%+956 bps
CRE / Total Capitaln/an/an/an/an/an/an/a