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Community National Bank

Waterloo, IA · Cert 34503

FDIC

Q3 2013

$276.4MAssets
$188.2MLoans
$240.4MDeposits
$30.0MEquity
Loan mix
74%RE $107.0M24%C&I $34.2M2%Consumer $2.9MQ3 2012Q3 2013
Deposit mix
83%Interest-bearing $198.3M17%Noninterest $42.0MQ3 2012Q3 2013

NIM

3.98%Q3 ’113.86%Q3 ’122.10%Q3 ’13+1%-46%

Non-interest income vs. expense

3.69%Q3 ’113.66%Q3 ’121.58%Q3 ’13+2%-57%

Executive Summary

  • Earnings: ROA of 0.40%, down 23 bps year over year; NIM at 1.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 78.28% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

0.40%-23 bps YoY

Net Interest Margin (YTD, annualized)

1.90%-161 bps YoY

Efficiency Ratio (YTD, annualized)

68.15%-1,409 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.63%0.55%0.52%0.17%0.40%-23 bps
Return on Equity5.81%5.13%5.06%1.65%3.78%-203 bps
Net Interest Margin3.50%3.41%3.27%0.87%1.90%-161 bps
Efficiency Ratio82.25%84.22%81.32%75.13%68.15%-1,409 bps
Non-Interest Burden2.71%2.72%2.51%0.59%1.16%-155 bps
Growth
Asset Growth (YoY)20.56%27.23%21.97%21.48%2.08%-1,848 bps
Loan Growth (YoY)23.02%28.06%30.51%20.04%-2.85%-2,586 bps
Deposit Growth (YoY)23.47%24.71%21.97%21.38%0.23%-2,324 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.00%1.69%-0.01%-0.08%-13 bps
Allowance / Loans1.91%1.82%1.42%0.00%0.37%-154 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 Capital14.47%13.83%14.11%12.91%13.84%-63 bps
Equity / Assets10.87%10.18%10.49%10.52%10.85%-2 bps
Liquidity & Funding
Loans / Deposits80.76%83.37%82.75%77.06%78.28%-248 bps
Liquid Assets / Assets0.84%0.92%1.07%3.31%0.75%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a