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Bank Iowa

Red Oak, IA · Cert 4456

FDIC

Q4 2010

$132.0MAssets
$83.9MLoans
$112.0MDeposits
$10.6MEquity
Loan mix
83%RE $43.6M17%C&I $8.8M0%Consumer $0.2MQ4 2009Q4 2010
Deposit mix
83%Interest-bearing $93.2M17%Noninterest $18.9MQ4 2009Q4 2010

NIM

5.55%Q4 ’085.02%Q4 ’094.60%Q4 ’10+4%+1%

Non-interest income vs. expense

2.53%Q4 ’082.69%Q4 ’092.62%Q4 ’10+8%-6%

Executive Summary

  • Earnings: ROA of 1.42%, up 9 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.56%.
  • Funding: loans stand at 74.88% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

1.42%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+5 bps YoY

Efficiency Ratio (YTD, annualized)

58.67%-295 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets1.34%1.23%1.12%1.30%1.42%+9 bps
Return on Equity17.39%15.45%14.05%16.05%17.55%+16 bps
Net Interest Margin3.60%3.56%3.52%3.68%3.65%+5 bps
Efficiency Ratio61.62%63.70%62.84%60.58%58.67%-295 bps
Non-Interest Burden1.92%1.98%1.92%1.91%1.81%-12 bps
Growth
Asset Growth (YoY)2.27%0.56%-2.31%-0.45%2.28%+1 bps
Loan Growth (YoY)2.49%-3.51%-2.45%-2.37%-8.30%-1,079 bps
Deposit Growth (YoY)3.92%0.63%-2.21%0.21%3.74%-18 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.24%0.52%0.36%0.56%+26 bps
Allowance / Loans0.84%0.94%0.95%1.05%0.90%+6 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 Capital10.80%11.88%11.55%11.90%11.94%+114 bps
Equity / Assets8.08%7.87%8.05%8.50%8.04%-4 bps
Liquidity & Funding
Loans / Deposits84.72%76.25%79.23%80.91%74.88%-984 bps
Liquid Assets / Assets0.07%0.02%0.23%0.12%0.04%-3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a