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Downs National Bank, The

Downs, KS · Cert 4656

FDIC · 1 branch

Q3 2014

$16.9MAssets
$4.9MLoans
$15.2MDeposits
$1.7MEquity
Loan mix
54%RE $1.4M13%C&I $0.3M33%Consumer $0.8MQ3 2013Q3 2014
Deposit mix
80%Interest-bearing $12.1M20%Noninterest $3.1MQ3 2013Q3 2014

NIM

3.38%Q3 ’123.22%Q3 ’132.64%Q3 ’14-2%-19%

Non-interest income vs. expense

2.97%Q3 ’123.05%Q3 ’133.94%Q3 ’14+1%+6%

Executive Summary

  • Earnings: ROA of -0.48%, down 79 bps year over year; NIM at 2.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.37%.
  • Funding: loans stand at 32.56% of deposits as of Q3 2014.

Financial Results

Return on Assets (quarter, annualized)

-0.48%-79 bps YoY

Net Interest Margin (quarter, annualized)

2.44%-57 bps YoY

Efficiency Ratio (quarter, annualized)

112.34%+2,089 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.31%0.73%0.11%-0.09%-0.48%-79 bps
Return on Equity3.37%7.79%1.17%-0.92%-4.82%-819 bps
Net Interest Margin3.00%3.03%2.59%2.67%2.44%-57 bps
Efficiency Ratio91.45%77.91%96.45%102.29%112.34%+2,089 bps
Non-Interest Burden2.72%2.24%2.49%2.73%2.87%+15 bps
Growth
Asset Growth (YoY)0.73%-3.18%-0.14%-3.64%-5.47%-620 bps
Loan Growth (YoY)1.34%3.05%-1.33%-15.33%-24.63%-2,598 bps
Deposit Growth (YoY)4.52%-3.18%0.24%-4.71%-6.20%-1,073 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%-0.07%-0.14%4.37%+437 bps
Allowance / Loans2.17%2.08%2.57%2.47%1.50%-67 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 Capital26.12%22.74%27.34%26.32%35.86%+973 bps
Equity / Assets9.47%9.33%8.92%9.77%10.26%+78 bps
Liquidity & Funding
Loans / Deposits40.52%41.75%31.67%36.35%32.56%-796 bps
Liquid Assets / Assets24.80%24.44%33.06%30.79%25.66%+86 bps
CRE / Total Capitaln/an/an/an/an/an/an/a