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Lincoln Security Bank

Newport, OR · Cert 34179

FDIC

Q3 2001

$58.0MAssets
$29.4MLoans
$53.0MDeposits
$4.4MEquity
Loan mix
58%RE $6.9M40%C&I $4.8M2%Consumer $0.2MQ3 2000Q3 2001
Deposit mix
78%Interest-bearing $41.4M22%Noninterest $11.7MQ3 2000Q3 2001

NIM

7.55%Q1 ’017.48%Q2 ’017.35%Q3 ’01+5%+6%

Non-interest income vs. expense

3.78%Q1 ’013.50%Q2 ’013.60%Q3 ’01-19%+4%

Executive Summary

  • Earnings: ROA of 1.14%, up 51 bps year over year; NIM at 4.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 55.37% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.14%+51 bps YoY

Net Interest Margin (quarter, annualized)

4.27%

Efficiency Ratio (quarter, annualized)

67.06%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets0.63%0.70%0.52%1.06%1.14%+51 bps
Return on Equityn/an/an/a14.09%14.91%n/a
Net Interest Marginn/an/a3.84%4.02%4.27%n/a
Efficiency Ration/an/a80.96%68.29%67.06%n/a
Non-Interest Burdenn/an/a2.95%2.39%2.50%n/a
Growth
Asset Growth (YoY)27.69%17.28%16.35%8.76%13.77%-1,392 bps
Loan Growth (YoY)22.34%17.06%10.54%6.75%5.72%-1,662 bps
Deposit Growth (YoY)29.25%17.10%15.39%3.03%11.99%-1,727 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.01%-0.01%0.10%n/a
Allowance / Loansn/an/a1.52%1.52%1.45%n/a
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 Capitaln/an/a12.22%12.62%12.65%n/a
Equity / Assetsn/an/a7.35%7.69%7.63%n/a
Liquidity & Funding
Loans / Deposits58.65%62.17%57.52%59.89%55.37%-328 bps
Liquid Assets / Assets0.00%0.00%0.17%0.01%0.07%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a