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First National Bank of Sioux Center, The

Sioux Center, IA · Cert 4503

FDIC

Q3 2013

$258.2MAssets
$173.2MLoans
$224.9MDeposits
$31.0MEquity
Loan mix
65%RE $75.0M27%C&I $31.1M8%Consumer $9.5MQ3 2012Q3 2013
Deposit mix
82%Interest-bearing $183.5M18%Noninterest $41.4MQ3 2012Q3 2013

NIM

4.17%Q3 ’113.98%Q3 ’123.50%Q3 ’13-1%-7%

Non-interest income vs. expense

3.00%Q3 ’113.07%Q3 ’123.27%Q3 ’13+2%+2%

Executive Summary

  • Earnings: ROA of 0.40%, down 1 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 77.01% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

0.40%-1 bps YoY

Net Interest Margin (YTD, annualized)

2.95%-23 bps YoY

Efficiency Ratio (YTD, annualized)

89.16%+676 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.41%0.33%0.23%0.28%0.40%-1 bps
Return on Equity3.45%2.80%2.07%2.51%3.48%+2 bps
Net Interest Margin3.18%2.94%2.78%2.79%2.95%-23 bps
Efficiency Ratio82.40%85.96%91.34%92.41%89.16%+676 bps
Non-Interest Burden2.56%2.49%2.53%2.57%2.61%+5 bps
Growth
Asset Growth (YoY)5.44%9.70%5.96%5.64%-4.34%-978 bps
Loan Growth (YoY)-4.18%-3.22%-1.31%-1.45%12.86%+1,704 bps
Deposit Growth (YoY)7.02%12.23%7.53%6.74%-4.55%-1,158 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.22%-0.11%0.00%-0.01%0.00%+22 bps
Allowance / Loans1.95%1.94%2.04%1.96%1.70%-24 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 Capital15.80%15.46%16.01%15.06%14.17%-163 bps
Equity / Assets11.61%10.96%11.07%11.54%12.01%+41 bps
Liquidity & Funding
Loans / Deposits65.13%60.45%58.06%64.52%77.01%+1,188 bps
Liquid Assets / Assets10.47%8.99%7.03%4.04%3.86%-661 bps
CRE / Total Capitaln/an/an/an/an/an/an/a