PackageTrendsPeer
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First State Bank

Armour, SD · Cert 3983

FDIC · 4 branches

Q2 2016

$112.8MAssets
$72.9MLoans
$104.1MDeposits
$8.6MEquity
Loan mix
57%RE $10.9M25%C&I $4.8M18%Consumer $3.5MQ3 2014Q2 2016
Deposit mix
74%Interest-bearing $77.2M26%Noninterest $26.9MQ3 2014Q2 2016

Executive Summary

  • Earnings: ROA of 0.74%, down 14 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 7.34%, up 60 bps from a year ago.
  • Funding: loans stand at 70.04% of deposits as of Q2 2016.

Return on Assets (quarter, annualized)

0.74%-14 bps YoY

Net Interest Margin (quarter, annualized)

3.10%+27 bps YoY

Efficiency Ratio (quarter, annualized)

74.90%+438 bps YoY

Tier 1 Leverage Ratio

7.34%+60 bps YoY

NIM

3.32%Q2 ’143.17%Q2 ’153.44%Q2 ’16-4%+9%

Non-interest income vs. expense

2.50%Q2 ’142.30%Q2 ’152.62%Q2 ’16-6%+19%

Discrete quarter, annualized.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets1.74%1.47%0.86%0.88%1.68%1.47%0.86%0.74%-14 bps
Return on Equity25.13%21.69%12.56%12.75%23.59%20.13%11.53%9.77%-298 bps
Net Interest Margin3.01%2.98%2.86%2.83%2.90%2.92%3.04%3.10%+27 bps
Efficiency Ratio57.93%63.88%71.82%70.52%57.88%63.84%71.88%74.90%+438 bps
Non-Interest Burden1.16%1.46%1.90%1.86%1.08%1.32%2.03%2.22%+35 bps
Growth
Asset Growth (YoY)11.72%9.32%9.86%8.01%0.08%-2.24%-4.58%-3.37%-1,137 bps
Loan Growth (YoY)5.37%8.46%4.62%6.62%1.81%-2.92%0.99%-1.00%-762 bps
Deposit Growth (YoY)12.41%9.53%9.99%8.28%-0.55%-2.74%-5.23%-4.04%-1,232 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.12%-0.01%0.00%0.02%0.27%0.08%0.04%+4 bps
Allowance / Loans0.48%0.40%0.45%0.47%0.50%0.42%0.45%0.49%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a7.06%6.74%7.19%7.17%7.52%7.34%+60 bps
Total Risk-Based Capital12.83%11.72%13.26%12.76%13.63%12.56%13.62%13.21%+45 bps
Equity / Assets6.84%6.76%7.00%6.86%7.42%7.22%7.62%7.60%+74 bps
Liquidity & Funding
Loans / Deposits67.21%72.61%66.61%67.89%68.81%72.47%70.99%70.04%+215 bps
Liquid Assets / Assets5.28%6.64%14.57%11.86%11.67%8.33%9.91%9.15%-271 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a