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American National Bank

Holstein, IA · Cert 33993

FDIC

Q3 2010

$224.7MAssets
$187.8MLoans
$173.4MDeposits
$23.5MEquity
Deposit mix
91%Interest-bearing $158.5M9%Noninterest $14.9MQ3 2009Q3 2010

NIM

6.66%Q3 ’085.80%Q3 ’095.22%Q3 ’10+4%-1%

Non-interest income vs. expense

1.56%Q3 ’081.55%Q3 ’092.05%Q3 ’10+18%+88%

Executive Summary

  • Earnings: ROA of -2.46%, down 312 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.06%.
  • Funding: loans stand at 108.28% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-2.46%-312 bps YoY

Net Interest Margin (quarter, annualized)

3.65%-5 bps YoY

Efficiency Ratio (quarter, annualized)

50.15%+1,506 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.66%0.59%0.52%0.84%-2.46%-312 bps
Return on Equity7.83%6.62%5.56%8.48%-23.70%-3,153 bps
Net Interest Margin3.70%3.74%3.56%3.60%3.65%-5 bps
Efficiency Ratio35.09%46.90%50.81%50.86%50.15%+1,506 bps
Non-Interest Burden0.87%1.58%1.64%1.58%1.63%+77 bps
Growth
Asset Growth (YoY)-7.83%-11.71%-13.90%-13.35%-18.23%-1,039 bps
Loan Growth (YoY)-8.85%-14.37%-17.88%-20.15%-20.54%-1,169 bps
Deposit Growth (YoY)-8.93%-14.41%-15.10%-11.75%-16.63%-769 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.40%0.96%0.73%2.04%3.06%+166 bps
Allowance / Loans1.73%1.91%2.22%2.17%2.01%+28 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 Capital11.17%11.53%12.70%14.01%13.75%+258 bps
Equity / Assets8.63%9.23%9.58%10.28%10.46%+183 bps
Liquidity & Funding
Loans / Deposits113.61%117.26%109.14%103.38%108.28%-533 bps
Liquid Assets / Assets9.34%7.19%12.94%13.51%9.56%+22 bps
CRE / Total Capitaln/an/an/an/an/an/an/a