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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 $3.4MQ1 2010Q4 2011
Deposit mix
87%Interest-bearing $84.5M13%Noninterest $12.4MQ1 2010Q4 2011

Executive Summary

  • Earnings: ROA of 2.63%, up 99 bps year over year; NIM at 4.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.49%.
  • Funding: loans stand at 83.15% of deposits as of Q4 2011.

Return on Assets (quarter, annualized)

2.63%+99 bps YoY

Net Interest Margin (quarter, annualized)

4.01%+3 bps YoY

Efficiency Ratio (quarter, annualized)

38.73%-555 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.57%Q4 ’095.25%Q4 ’104.89%Q4 ’11+1%+1%

Non-interest income vs. expense

1.83%Q4 ’091.99%Q4 ’101.73%Q4 ’11-4%-13%

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets2.16%2.21%2.56%1.64%2.07%2.21%2.14%2.63%+99 bps
Return on Equity22.48%21.49%24.57%16.15%20.77%21.76%20.49%24.12%+797 bps
Net Interest Margin4.12%4.34%4.28%3.98%3.75%3.80%3.90%4.01%+3 bps
Efficiency Ratio43.52%40.85%42.61%44.28%46.23%43.71%44.58%38.73%-555 bps
Non-Interest Burden1.62%1.58%1.53%1.47%1.56%1.47%1.52%1.27%-19 bps
Growth
Asset Growth (YoY)-1.20%1.80%3.61%3.50%11.24%14.01%8.57%5.36%+186 bps
Loan Growth (YoY)0.43%-1.03%-0.25%-0.24%-2.19%-1.63%0.50%2.07%+231 bps
Deposit Growth (YoY)7.00%12.41%11.05%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%0.17%0.24%0.00%0.00%0.11%-0.49%-73 bps
Allowance / Loans1.26%1.40%1.36%1.59%1.56%1.57%1.55%1.69%+10 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.90%13.30%13.67%13.86%13.88%14.06%14.32%14.91%+105 bps
Equity / Assets10.03%10.52%10.37%9.93%10.00%10.27%10.66%11.16%+123 bps
Liquidity & Funding
Loans / Deposits95.32%97.56%90.45%84.75%83.65%83.75%83.86%83.15%-160 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a