PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Axsys National Bank

Sioux Falls, SD · Cert 34290

FDIC

Q3 2004

$20.3MAssets
n/aLoans
$500KDeposits
$19.1MEquity
Deposit mix
100%Interest-bearing $500K0%Noninterest $0KQ3 2003Q3 2004

NIM

1.53%Q3 ’020.88%Q3 ’031.07%Q3 ’04-39%+25%

Non-interest income vs. expense

144.21%Q3 ’022.16%Q3 ’032.47%Q3 ’04+54%+87%

Executive Summary

  • Earnings: ROA of 3.59%, down 2,119 bps year over year; NIM at 1.05%.
  • Funding: loans stand at 0.00% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

3.59%-2,119 bps YoY

Net Interest Margin (YTD, annualized)

1.05%+21 bps YoY

Efficiency Ratio (YTD, annualized)

28.97%+2,376 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets24.77%22.24%9.99%5.15%3.59%-2,119 bps
Return on Equity28.17%24.95%10.67%5.49%3.82%-2,435 bps
Net Interest Margin0.83%0.81%0.93%0.93%1.05%+21 bps
Efficiency Ratio5.21%5.14%25.65%27.82%28.97%+2,376 bps
Non-Interest Burden-38.50%-33.91%-16.48%-7.86%-5.02%+3,348 bps
Growth
Asset Growth (YoY)12.69%9.49%-0.65%-3.91%-7.77%-2,045 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)-75.00%-75.00%0.00%0.00%0.00%+7,500 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/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 Capital396%413%432%454%454%+5,801 bps
Equity / Assets92.42%93.51%93.69%94.13%94.21%+179 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%0.00%0 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