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First Neodesha Bank

Neodesha, KS · Cert 4736

FDIC · 5 branches

Q4 2019

$111.4MAssets
$87.2MLoans
$97.7MDeposits
$10.6MEquity
Loan mix
81%RE $47.2M9%C&I $5.5M9%Consumer $5.5MQ1 2018Q4 2019
Deposit mix
79%Interest-bearing $77.2M21%Noninterest $20.5MQ1 2018Q4 2019

Executive Summary

  • Earnings: ROA of 1.76%, up 10 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.73% of loans (+72 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.59%, down 19 bps from a year ago.
  • Funding: loans stand at 89.29% of deposits as of Q4 2019.

Return on Assets (quarter, annualized)

1.76%+10 bps YoY

Net Interest Margin (quarter, annualized)

3.77%-7 bps YoY

Efficiency Ratio (quarter, annualized)

52.74%-608 bps YoY

Tier 1 Leverage Ratio

9.59%-19 bps YoY

NIM

4.29%Q4 ’174.42%Q4 ’184.56%Q4 ’19+1%-2%

Non-interest income vs. expense

2.63%Q4 ’172.59%Q4 ’182.43%Q4 ’19-3%-21%

Discrete quarter, annualized.

MetricQ1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets1.55%1.58%1.59%1.66%1.77%1.71%1.69%1.76%+10 bps
Return on Equity15.88%15.96%15.85%16.79%18.44%17.54%17.15%17.98%+119 bps
Net Interest Margin3.68%3.84%3.90%3.84%3.70%3.80%3.75%3.77%-7 bps
Efficiency Ratio60.62%60.89%60.89%58.82%55.31%58.27%57.86%52.74%-608 bps
Non-Interest Burden2.03%2.12%2.16%2.03%1.81%1.99%1.95%1.59%-43 bps
Growth
Asset Growth (YoY)1.88%0.09%1.14%6.23%7.71%8.94%10.66%7.85%+162 bps
Loan Growth (YoY)2.88%0.86%0.55%0.68%5.16%6.74%8.87%10.33%+965 bps
Deposit Growth (YoY)2.75%0.54%2.08%6.30%9.23%10.60%11.91%8.92%+261 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.01%0.79%0.77%0.75%0.73%+72 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.05%0.00%0.00%0.00%0.00%-5 bps
Allowance / Loans1.03%1.04%1.05%1.03%1.03%1.01%1.00%1.09%+6 bps
Allowance Coverage of NPLsn/an/an/a163.4x1.3x1.3x1.3x1.5x-161.9x
Capital
Tier 1 Leverage Ratio9.58%9.68%9.93%9.78%9.52%9.55%9.80%9.59%-19 bps
Total Risk-Based Capital15.00%14.94%15.26%14.78%14.99%14.95%14.89%14.32%-46 bps
Equity / Assets9.87%9.92%10.21%9.53%9.70%9.80%9.97%9.56%+3 bps
Liquidity & Funding
Loans / Deposits91.23%92.53%95.37%88.14%87.83%89.30%92.78%89.29%+114 bps
Liquid Assets / Assets14.54%14.92%14.53%19.48%18.70%16.01%16.08%18.01%-147 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a