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Benefit Bank

Fort Smith, AR · Cert 35281

FDIC · 5 branches

Q1 2015

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: Q1 2015, the quarter ended March 31, 2015, 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

Benefit Bank

Fort Smith, AR · Cert 35281

FDIC · 5 branches

Q1 2015

$194.7MAssets
$175.8MLoans
$157.9MDeposits
$21.8MEquity
Loan mix
92%RE $145.4M7%C&I $10.6M1%Consumer $2.3MQ1 2014Q1 2015
Deposit mix
82%Interest-bearing $128.8M18%Noninterest $29.1MQ1 2014Q1 2015

NIM

3.94%Q1 ’133.99%Q1 ’143.88%Q1 ’15+5%0%

Non-interest income vs. expense

3.47%Q1 ’133.66%Q1 ’143.40%Q1 ’15-2%-8%

Market Position · Fort Smith, AR-OK · 2014 SOD (annual) · 3.6% share · #10 of 21 inst. · $0.1B of $4.1B

5.7% Sebastian
1.3% Crawford

Executive Summary

  • Earnings: ROA of 1.35%, up 38 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.22%.
  • Capital: tier 1 leverage ratio of 11.15%.
  • Funding: loans stand at 111.35% of deposits as of Q1 2015.

Financial Results

Return on Assets (YTD, annualized)

1.35%+38 bps YoY

Net Interest Margin (YTD, annualized)

3.39%-1 bps YoY

Efficiency Ratio (YTD, annualized)

74.70%-455 bps YoY

Tier 1 Leverage Ratio

11.15%

Year to date, annualized, through each quarter.

MetricQ1 2014Q2 2014Q3 2014Q4 2014Q1 2015YoY ΔTrend
Earnings
Return on Assets0.97%0.81%0.82%0.76%1.35%+38 bps
Return on Equity9.20%7.70%7.69%7.21%12.53%+333 bps
Net Interest Margin3.41%3.45%3.50%3.44%3.39%-1 bps
Efficiency Ratio79.25%81.99%82.04%85.02%74.70%-455 bps
Non-Interest Burden2.45%2.63%2.68%2.78%2.24%-21 bps
Growth
Asset Growth (YoY)-3.29%-2.16%-1.53%4.35%3.85%+714 bps
Loan Growth (YoY)5.53%10.94%9.76%10.92%16.44%+1,091 bps
Deposit Growth (YoY)-3.16%-4.72%-4.59%0.35%2.68%+585 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.09%0.09%0.09%-0.02%-0.22%-13 bps
Allowance / Loans2.34%2.11%2.01%1.93%1.92%-42 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/a11.15%n/an/a
Total Risk-Based Capital17.49%16.39%15.92%15.50%16.27%-122 bps
Equity / Assets10.56%10.62%10.71%10.37%11.19%+63 bps
Liquidity & Funding
Loans / Deposits98.19%109.30%112.80%113.94%111.35%+1,315 bps
Liquid Assets / Assets12.75%6.50%0.94%1.45%0.80%-1,195 bps
CRE / Total Capitaln/an/an/an/an/an/an/a