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Summit Bank

Arkadelphia, AR · Cert 34433

FDIC

Q1 2014

$1.2BAssets
$751.8MLoans
$987.4MDeposits
$137.4MEquity
Loan mix
84%RE $506.5M13%C&I $78.2M4%Consumer $21.7MQ1 2013Q1 2014
Deposit mix
84%Interest-bearing $833.9M16%Noninterest $153.5MQ1 2013Q1 2014

NIM

4.41%Q1 ’124.08%Q1 ’133.77%Q1 ’14-2%-6%

Non-interest income vs. expense

2.36%Q1 ’122.37%Q1 ’132.31%Q1 ’14-2%+5%

Executive Summary

  • Earnings: ROA of 1.15%, down 3 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 76.14% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

1.15%-3 bps YoY

Net Interest Margin (quarter, annualized)

3.21%-22 bps YoY

Efficiency Ratio (quarter, annualized)

62.29%+412 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.18%1.23%1.23%1.25%1.15%-3 bps
Return on Equity10.94%11.31%11.25%11.38%10.07%-88 bps
Net Interest Margin3.43%3.44%3.43%3.36%3.21%-22 bps
Efficiency Ratio58.17%58.55%59.88%61.19%62.29%+412 bps
Non-Interest Burden1.72%1.74%1.81%1.84%1.81%+9 bps
Growth
Asset Growth (YoY)3.76%1.68%3.14%2.15%-1.37%-513 bps
Loan Growth (YoY)4.56%3.66%4.59%2.13%-2.25%-681 bps
Deposit Growth (YoY)4.38%1.92%3.62%2.69%-2.47%-685 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%0.39%0.18%0.21%0.21%-11 bps
Allowance / Loans1.80%1.78%1.75%1.76%1.77%-3 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 Capital16.19%16.64%16.54%17.10%18.05%+186 bps
Equity / Assets10.75%10.93%10.87%11.14%11.63%+88 bps
Liquidity & Funding
Loans / Deposits75.97%77.41%78.36%77.92%76.14%+18 bps
Liquid Assets / Assets8.57%6.86%6.27%6.90%9.43%+86 bps
CRE / Total Capitaln/an/an/an/an/an/an/a