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Community Bank of Boone

Boone, IA · Cert 35268

FDIC

Q4 2008

$130.0MAssets
$97.6MLoans
$96.4MDeposits
$13.0MEquity
Loan mix
87%RE $63.2M12%C&I $8.9M0%Consumer $0.2MQ4 2007Q4 2008
Deposit mix
91%Interest-bearing $88.1M9%Noninterest $8.3MQ4 2007Q4 2008

NIM

6.23%Q4 ’066.70%Q4 ’075.22%Q4 ’08+23%-10%

Non-interest income vs. expense

1.78%Q4 ’061.54%Q4 ’072.12%Q4 ’08-16%+38%

Executive Summary

  • Earnings: ROA of -0.04%, down 141 bps year over year; NIM at 2.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.73%.
  • Funding: loans stand at 101.25% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

-0.04%-141 bps YoY

Net Interest Margin (quarter, annualized)

2.61%-28 bps YoY

Efficiency Ratio (quarter, annualized)

71.53%+2,256 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.37%0.37%0.77%0.69%-0.04%-141 bps
Return on Equity17.60%4.47%8.92%7.73%-0.41%-1,801 bps
Net Interest Margin2.89%2.42%2.84%2.78%2.61%-28 bps
Efficiency Ratio48.98%71.22%62.13%64.05%71.53%+2,256 bps
Non-Interest Burden1.28%1.62%1.56%1.72%1.76%+48 bps
Growth
Asset Growth (YoY)3.48%-1.55%-8.81%-7.76%-16.34%-1,982 bps
Loan Growth (YoY)-1.90%-3.89%-5.35%-8.36%-15.17%-1,327 bps
Deposit Growth (YoY)6.05%-4.87%-11.43%-9.99%-19.62%-2,566 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%1.96%0.00%0.00%0.73%+60 bps
Allowance / Loans1.58%1.27%1.42%1.61%1.78%+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 Capital11.13%11.50%11.89%12.57%13.19%+206 bps
Equity / Assets7.74%8.66%8.65%9.32%9.97%+223 bps
Liquidity & Funding
Loans / Deposits95.94%104.65%108.19%109.12%101.25%+531 bps
Liquid Assets / Assets0.01%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a