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Weleetka State Bank

Weleetka, OK · Cert 4225

FDIC

Q4 2003

$20.2MAssets
$15.7MLoans
$18.1MDeposits
$1.6MEquity
Deposit mix
82%Interest-bearing $14.8M18%Noninterest $3.3MQ4 2002Q4 2003

NIM

8.60%Q4 ’017.35%Q4 ’027.34%Q4 ’03-5%+6%

Non-interest income vs. expense

3.89%Q4 ’013.66%Q4 ’024.15%Q4 ’03-36%+81%

Executive Summary

  • Earnings: ROA of 1.70%, down 71 bps year over year; NIM at 5.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 86.81% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

1.70%-71 bps YoY

Net Interest Margin (YTD, annualized)

5.72%+30 bps YoY

Efficiency Ratio (YTD, annualized)

60.33%+1,101 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets2.40%1.24%1.51%1.62%1.70%-71 bps
Return on Equity33.07%17.14%20.55%21.58%22.29%-1,078 bps
Net Interest Margin5.42%5.42%5.30%5.52%5.72%+30 bps
Efficiency Ratio49.32%71.68%63.41%61.01%60.33%+1,101 bps
Non-Interest Burden1.66%3.59%2.98%2.95%2.99%+134 bps
Growth
Asset Growth (YoY)12.71%9.42%12.72%-1.19%-3.16%-1,587 bps
Loan Growth (YoY)1.30%0.28%0.53%-0.31%3.01%+171 bps
Deposit Growth (YoY)24.77%13.50%13.62%0.16%-1.58%-2,635 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.51%0.28%0.18%0.17%+6 bps
Allowance / Loans1.79%1.70%1.65%1.61%1.57%-22 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 Capital11.52%12.28%12.38%12.18%11.96%+44 bps
Equity / Assets7.11%7.36%7.51%8.11%8.00%+89 bps
Liquidity & Funding
Loans / Deposits82.95%80.60%81.21%87.02%86.81%+387 bps
Liquid Assets / Assets0.09%0.07%0.08%0.05%0.03%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a