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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

5.47%Q4 ’084.77%Q4 ’094.58%Q4 ’10-1%+4%

Non-interest income vs. expense

2.60%Q4 ’082.43%Q4 ’092.45%Q4 ’10-12%-10%

Executive Summary

  • Earnings: ROA of 1.80%, up 29 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.15%.
  • Funding: loans stand at 74.88% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

1.80%+29 bps YoY

Net Interest Margin (quarter, annualized)

3.74%+14 bps YoY

Efficiency Ratio (quarter, annualized)

53.16%-385 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets1.52%1.23%1.00%1.66%1.80%+29 bps
Return on Equity18.90%15.45%12.62%20.13%21.82%+292 bps
Net Interest Margin3.59%3.56%3.51%3.83%3.74%+14 bps
Efficiency Ratio57.02%63.70%61.97%56.29%53.16%-385 bps
Non-Interest Burden1.76%1.98%1.88%1.80%1.58%-18 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 / Loans0.61%0.24%0.79%0.03%1.15%+54 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