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Fort Des Moines Community Bank

Des Moines, IA · Cert 34931

FDIC

Q4 2004

$18.9MAssets
$13.5MLoans
$16.7MDeposits
$2.1MEquity
Loan mix
78%RE $6.7M22%C&I $1.9M0%Consumer $0.0MQ4 2003Q4 2004
Deposit mix
91%Interest-bearing $15.1M9%Noninterest $1.5MQ4 2003Q4 2004

NIM

5.57%Q4 ’025.13%Q4 ’035.44%Q4 ’04+11%+17%

Non-interest income vs. expense

3.70%Q4 ’023.37%Q4 ’033.47%Q4 ’04-10%+3%

Executive Summary

  • Earnings: ROA of 0.46%, down 62 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 81.29% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

0.46%-62 bps YoY

Net Interest Margin (quarter, annualized)

3.89%+56 bps YoY

Efficiency Ratio (quarter, annualized)

80.77%-992 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.08%0.19%0.17%0.37%0.46%-62 bps
Return on Equity11.12%1.92%1.73%3.67%4.21%-692 bps
Net Interest Margin3.33%3.23%3.32%3.67%3.89%+56 bps
Efficiency Ratio90.69%90.40%91.63%85.25%80.77%-992 bps
Non-Interest Burden2.98%2.88%3.00%3.06%3.06%+8 bps
Growth
Asset Growth (YoY)5.96%1.11%2.41%-7.69%-10.93%-1,689 bps
Loan Growth (YoY)13.68%1.75%-0.37%11.41%9.80%-388 bps
Deposit Growth (YoY)6.28%0.63%2.38%-8.71%-12.25%-1,854 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.22%0.21%0.00%0 bps
Allowance / Loans2.75%2.78%2.70%2.52%2.50%-25 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 Capital18.32%18.56%17.37%17.02%16.83%-150 bps
Equity / Assets9.77%10.11%9.74%10.66%11.11%+134 bps
Liquidity & Funding
Loans / Deposits64.96%66.47%66.61%76.57%81.29%+1,633 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