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Security State Savings Bank

Las Vegas, NV · Cert 34820

FDIC

Q4 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2008, the quarter ended December 31, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Security State Savings Bank

Las Vegas, NV · Cert 34820

FDIC

Q4 2008

$238.3MAssets
$123.5MLoans
$174.9MDeposits
$2.4MEquity
Deposit mix
100%Interest-bearing $174.8M0%Noninterest $0.1MQ4 2007Q4 2008

NIM

6.38%Q4 ’067.74%Q4 ’074.96%Q4 ’08+22%-69%

Non-interest income vs. expense

1.19%Q4 ’061.63%Q4 ’073.85%Q4 ’08+61%+162%

Executive Summary

  • Earnings: ROA of -11.31%, down 1,063 bps year over year; NIM at 1.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 6.64%.
  • Funding: loans stand at 70.63% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-11.31%-1,063 bps YoY

Net Interest Margin (YTD, annualized)

1.03%-228 bps YoY

Efficiency Ratio (YTD, annualized)

437%+38,765 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-0.68%-0.57%-3.98%-9.24%-11.31%-1,063 bps
Return on Equity-7.02%-5.49%-40.29%-103.16%-151.74%-14,471 bps
Net Interest Margin3.31%1.98%1.49%1.25%1.03%-228 bps
Efficiency Ratio48.89%117.08%323%364%437%+38,765 bps
Non-Interest Burden1.61%2.31%3.24%4.61%4.21%+261 bps
Growth
Asset Growth (YoY)-1.96%-15.94%-16.24%-20.79%-12.80%-1,084 bps
Loan Growth (YoY)-11.65%-25.49%-28.92%-34.92%-32.16%-2,051 bps
Deposit Growth (YoY)4.27%-19.05%-16.88%-23.89%-2.60%-687 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.76%0.61%5.20%4.54%6.64%+387 bps
Allowance / Loans1.00%1.13%1.87%2.05%3.60%+260 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 Capital13.24%14.35%10.86%11.71%4.84%-840 bps
Equity / Assets9.94%10.88%8.80%5.98%0.99%-895 bps
Liquidity & Funding
Loans / Deposits101.40%109.54%94.79%85.45%70.63%-3,077 bps
Liquid Assets / Assets18.72%16.46%22.44%16.44%38.65%+1,993 bps
CRE / Total Capitaln/an/an/an/an/an/an/a