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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

5.82%Q4 ’084.92%Q4 ’094.66%Q4 ’10-10%+17%

Non-interest income vs. expense

2.77%Q4 ’082.51%Q4 ’092.65%Q4 ’10-5%-21%

Executive Summary

  • Earnings: ROA of 1.17%, up 198 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.10%.
  • Funding: loans stand at 88.25% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

1.17%+198 bps YoY

Net Interest Margin (quarter, annualized)

3.14%+46 bps YoY

Efficiency Ratio (quarter, annualized)

62.47%-1,522 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.82%-2.19%-2.76%-5.12%1.17%+198 bps
Return on Equity-9.28%-25.73%-32.97%-59.19%13.40%+2,268 bps
Net Interest Margin2.68%2.69%2.76%3.12%3.14%+46 bps
Efficiency Ratio77.69%90.21%84.73%81.51%62.47%-1,522 bps
Non-Interest Burden1.96%2.36%2.24%2.37%1.54%-42 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 / Loans3.13%0.70%6.87%1.15%5.10%+197 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