PackageTrendsPeer
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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

1.62%Q3 ’020.83%Q3 ’031.30%Q3 ’04-43%+55%

Non-interest income vs. expense

61.86%Q3 ’021.42%Q3 ’030.65%Q3 ’04+35%+102%

Executive Summary

  • Earnings: ROA of 0.37%, down 1,796 bps year over year; NIM at 1.28%.
  • Funding: loans stand at 0.00% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

0.37%-1,796 bps YoY

Net Interest Margin (quarter, annualized)

1.28%+45 bps YoY

Efficiency Ratio (quarter, annualized)

50.77%+4,623 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets18.34%15.07%9.99%0.12%0.37%-1,796 bps
Return on Equity19.93%16.21%10.67%0.13%0.40%-1,953 bps
Net Interest Margin0.83%0.80%0.93%0.93%1.28%+45 bps
Efficiency Ratio4.54%4.83%25.65%81.25%50.77%+4,623 bps
Non-Interest Burden-28.98%-23.77%-16.48%0.75%0.65%+2,963 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