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Community Savings Bank

Robins, IA · Cert 34484

FDIC

Q1 2005

$64.9MAssets
$39.3MLoans
$56.5MDeposits
$6.3MEquity
Loan mix
66%RE $16.5M34%C&I $8.4M0%Consumer $0.0MQ1 2004Q1 2005
Deposit mix
92%Interest-bearing $52.0M8%Noninterest $4.5MQ1 2004Q1 2005

NIM

5.56%Q1 ’035.22%Q1 ’045.10%Q1 ’05+6%-2%

Non-interest income vs. expense

2.63%Q1 ’032.84%Q1 ’043.13%Q1 ’05+34%+14%

Executive Summary

  • Earnings: ROA of -0.19%, down 35 bps year over year; NIM at 2.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 69.63% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

-0.19%-35 bps YoY

Net Interest Margin (quarter, annualized)

2.73%-4 bps YoY

Efficiency Ratio (quarter, annualized)

102.17%+1,263 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.16%0.11%-1.18%-0.14%-0.19%-35 bps
Return on Equity2.06%1.29%-11.89%-1.39%-2.00%-406 bps
Net Interest Margin2.78%2.56%3.03%3.21%2.73%-4 bps
Efficiency Ratio89.53%80.97%78.14%83.91%102.17%+1,263 bps
Non-Interest Burden2.45%1.97%2.29%2.63%2.80%+35 bps
Growth
Asset Growth (YoY)21.64%18.42%5.22%4.56%-2.69%-2,432 bps
Loan Growth (YoY)25.56%19.46%5.90%1.98%-6.98%-3,253 bps
Deposit Growth (YoY)25.21%17.48%7.90%0.83%-4.52%-2,974 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.64%3.88%0.34%0.01%+2 bps
Allowance / Loans1.08%1.04%0.95%1.11%1.28%+20 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 Capital11.64%15.12%15.34%14.89%15.71%+407 bps
Equity / Assets7.65%9.61%10.22%9.82%9.70%+205 bps
Liquidity & Funding
Loans / Deposits71.46%76.08%76.52%77.68%69.63%-184 bps
Liquid Assets / Assets2.40%1.41%1.27%0.95%0.57%-183 bps
CRE / Total Capitaln/an/an/an/an/an/an/a