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Southeast Security Bank

Mediapolis, IA · Cert 34379

FDIC

Q2 2002

$29.0MAssets
$22.8MLoans
$19.8MDeposits
$3.0MEquity
Loan mix
80%RE $11.3M20%C&I $2.7M0%Consumer $0.0MQ2 2001Q2 2002
Deposit mix
92%Interest-bearing $18.2M8%Noninterest $1.7MQ2 2001Q2 2002

NIM

8.04%Q1 ’018.11%Q2 ’017.05%Q2 ’02+7%+8%

Non-interest income vs. expense

2.44%Q1 ’012.61%Q2 ’012.68%Q2 ’02+8%+4%

Executive Summary

  • Earnings: ROA of 0.53%, up 55 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 115.04% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

0.53%+55 bps YoY

Net Interest Margin (quarter, annualized)

3.62%+26 bps YoY

Efficiency Ratio (quarter, annualized)

59.38%-1,038 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets-0.01%0.64%-0.96%-0.42%0.53%+55 bps
Return on Equity-0.17%8.47%-11.23%-4.38%5.30%+547 bps
Net Interest Margin3.36%3.24%-8.40%3.25%3.62%+26 bps
Efficiency Ratio69.76%67.02%70.73%69.78%59.38%-1,038 bps
Non-Interest Burden2.23%2.05%-5.43%2.31%2.32%+10 bps
Growth
Asset Growth (YoY)6.46%6.15%-0.23%-5.76%-6.05%-1,251 bps
Loan Growth (YoY)8.88%2.35%-7.13%-17.56%-14.52%-2,340 bps
Deposit Growth (YoY)10.01%9.19%-1.98%-8.42%-13.63%-2,365 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%-0.46%0.12%3.59%0.05%+1 bps
Allowance / Loans1.24%1.48%2.18%1.99%2.04%+80 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 Capital10.95%11.30%11.76%12.20%12.26%+131 bps
Equity / Assets7.53%7.52%9.52%9.80%10.32%+278 bps
Liquidity & Funding
Loans / Deposits116.24%107.00%103.27%103.63%115.04%-120 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