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Okey-Vernon First National Bank

Corning, IA · Cert 4442

FDIC · 1 branch

Q2 2016

$79.5MAssets
$34.2MLoans
$68.3MDeposits
$10.9MEquity
Loan mix
79%RE $15.7M14%C&I $2.9M6%Consumer $1.3MQ3 2014Q2 2016
Deposit mix
80%Interest-bearing $54.9M20%Noninterest $13.4MQ3 2014Q2 2016

Executive Summary

  • Earnings: ROA of 0.70%, down 23 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 13.40%, up 38 bps from a year ago.
  • Funding: loans stand at 50.01% of deposits as of Q2 2016.

Return on Assets (YTD, annualized)

0.70%-23 bps YoY

Net Interest Margin (YTD, annualized)

2.85%+28 bps YoY

Efficiency Ratio (YTD, annualized)

74.13%+1,096 bps YoY

Tier 1 Leverage Ratio

13.40%+38 bps YoY

NIM

3.28%Q2 ’143.02%Q2 ’153.37%Q2 ’16-11%+11%

Non-interest income vs. expense

2.01%Q2 ’141.73%Q2 ’152.23%Q2 ’16-14%+33%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets1.06%1.07%0.91%0.93%1.07%1.03%1.12%0.70%-23 bps
Return on Equity7.62%7.78%6.95%7.05%8.16%7.76%8.47%5.21%-184 bps
Net Interest Margin2.86%2.77%2.61%2.57%2.76%2.67%2.88%2.85%+28 bps
Efficiency Ratio63.22%63.15%64.01%63.17%59.99%61.25%58.76%74.13%+1,096 bps
Non-Interest Burden1.74%1.68%1.60%1.56%1.59%1.58%1.62%2.07%+51 bps
Growth
Asset Growth (YoY)12.21%14.19%15.96%12.75%9.74%7.36%3.26%1.22%-1,153 bps
Loan Growth (YoY)18.31%16.42%12.22%8.19%5.31%2.77%5.55%6.06%-213 bps
Deposit Growth (YoY)13.84%16.70%17.37%13.71%10.05%7.57%2.79%0.36%-1,335 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%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.88%0.90%0.98%0.96%0.98%1.02%1.08%1.05%+9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a13.32%13.02%13.41%13.07%13.54%13.40%+38 bps
Total Risk-Based Capital21.36%24.77%27.07%26.11%26.14%26.61%27.00%26.82%+71 bps
Equity / Assets13.43%13.65%12.68%13.14%13.18%13.50%13.08%13.76%+62 bps
Liquidity & Funding
Loans / Deposits49.37%50.12%43.38%47.33%47.24%47.89%44.54%50.01%+269 bps
Liquid Assets / Assets51.95%50.95%48.00%49.47%48.80%53.24%48.48%47.59%-188 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a