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Viking State Bank & Trust

Decorah, IA · Cert 34135

FDIC

Q4 2011

$110.0MAssets
$80.5MLoans
$96.8MDeposits
$12.3MEquity
Loan mix
74%RE $47.8M20%C&I $13.1M5%Consumer $3.4MQ4 2010Q4 2011
Deposit mix
87%Interest-bearing $84.5M13%Noninterest $12.4MQ4 2010Q4 2011

NIM

5.62%Q4 ’095.36%Q4 ’104.79%Q4 ’11+5%-6%

Non-interest income vs. expense

1.85%Q4 ’091.90%Q4 ’101.80%Q4 ’11+2%-4%

Executive Summary

  • Earnings: ROA of 2.27%, up 15 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.09%.
  • Funding: loans stand at 83.15% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

2.27%+15 bps YoY

Net Interest Margin (YTD, annualized)

3.80%-22 bps YoY

Efficiency Ratio (YTD, annualized)

43.19%+37 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets2.12%2.07%2.14%2.14%2.27%+15 bps
Return on Equity21.19%20.77%21.29%20.97%21.79%+60 bps
Net Interest Margin4.02%3.75%3.73%3.77%3.80%-22 bps
Efficiency Ratio42.82%46.23%44.94%44.82%43.19%+37 bps
Non-Interest Burden1.49%1.56%1.50%1.50%1.43%-6 bps
Growth
Asset Growth (YoY)3.50%11.24%14.01%8.57%5.36%+186 bps
Loan Growth (YoY)-0.24%-2.19%-1.63%0.50%2.07%+231 bps
Deposit Growth (YoY)8.71%11.46%14.60%8.40%4.04%-468 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.00%0.00%0.04%-0.09%-19 bps
Allowance / Loans1.59%1.56%1.57%1.55%1.69%+10 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 Capital13.86%13.88%14.06%14.32%14.91%+105 bps
Equity / Assets9.93%10.00%10.27%10.66%11.16%+123 bps
Liquidity & Funding
Loans / Deposits84.75%83.65%83.75%83.86%83.15%-160 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a