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Garden City State Bank

Garden City, KS · Cert 35414

FDIC

Q3 2012

$70.8MAssets
$57.1MLoans
$60.8MDeposits
$9.3MEquity
Loan mix
68%RE $32.5M31%C&I $14.7M2%Consumer $0.8MQ3 2011Q3 2012
Deposit mix
82%Interest-bearing $50.1M18%Noninterest $10.7MQ3 2011Q3 2012

NIM

6.02%Q3 ’106.08%Q3 ’115.53%Q3 ’12+9%-9%

Non-interest income vs. expense

3.12%Q3 ’103.30%Q3 ’112.98%Q3 ’12-7%-2%

Executive Summary

  • Earnings: ROA of 2.89%, up 35 bps year over year; NIM at 4.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.34%.
  • Funding: loans stand at 93.96% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

2.89%+35 bps YoY

Net Interest Margin (quarter, annualized)

4.83%-50 bps YoY

Efficiency Ratio (quarter, annualized)

50.52%+112 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets2.54%2.38%2.22%2.80%2.89%+35 bps
Return on Equity19.85%18.27%17.57%22.46%22.27%+242 bps
Net Interest Margin5.32%5.03%4.79%4.85%4.83%-50 bps
Efficiency Ratio49.40%49.56%54.40%49.65%50.52%+112 bps
Non-Interest Burden1.94%2.03%2.20%1.92%1.90%-4 bps
Growth
Asset Growth (YoY)10.18%10.33%13.62%9.16%6.34%-383 bps
Loan Growth (YoY)5.05%6.34%2.57%1.42%2.57%-248 bps
Deposit Growth (YoY)2.41%11.27%20.67%19.58%17.12%+1,470 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.63%1.51%-0.07%-0.38%-0.34%-97 bps
Allowance / Loans1.94%1.68%1.86%1.91%1.96%+3 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 Capital15.56%16.02%15.58%16.07%16.51%+95 bps
Equity / Assets12.86%13.21%12.12%12.84%13.13%+28 bps
Liquidity & Funding
Loans / Deposits107.28%101.47%90.74%94.13%93.96%-1,333 bps
Liquid Assets / Assets1.52%1.51%1.51%1.51%0.89%-63 bps
CRE / Total Capitaln/an/an/an/an/an/an/a