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First Security Bank & Trust Company

Norton, KS · Cert 4741

FDIC · 2 branches

Q2 2014

$59.9MAssets
$31.0MLoans
$49.8MDeposits
$8.0MEquity
Loan mix
69%RE $12.6M19%C&I $3.4M12%Consumer $2.3MQ2 2013Q2 2014
Deposit mix
72%Interest-bearing $35.9M28%Noninterest $13.9MQ2 2013Q2 2014

NIM

3.60%Q2 ’123.62%Q2 ’133.60%Q2 ’14+4%+5%

Non-interest income vs. expense

2.82%Q2 ’123.03%Q2 ’133.04%Q2 ’14+2%+1%

Executive Summary

  • Earnings: ROA of -0.70%, down 127 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 62.30% of deposits as of Q2 2014.

Financial Results

Return on Assets (quarter, annualized)

-0.70%-127 bps YoY

Net Interest Margin (quarter, annualized)

3.35%+15 bps YoY

Efficiency Ratio (quarter, annualized)

81.29%-297 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.57%0.81%0.71%0.82%-0.70%-127 bps
Return on Equity4.38%6.73%6.09%6.78%-5.47%-984 bps
Net Interest Margin3.19%3.36%3.40%3.32%3.35%+15 bps
Efficiency Ratio84.27%79.30%82.27%77.70%81.29%-297 bps
Non-Interest Burden2.63%2.56%2.70%2.51%2.65%+2 bps
Growth
Asset Growth (YoY)-2.38%9.05%0.13%-0.47%-3.93%-155 bps
Loan Growth (YoY)12.75%14.91%3.16%4.57%-2.10%-1,485 bps
Deposit Growth (YoY)4.03%13.97%-1.52%-1.49%-3.26%-729 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%-0.02%-0.04%-0.03%-0.03%-8 bps
Allowance / Loans2.66%2.59%2.67%2.65%2.74%+8 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 Capital20.99%21.19%19.87%19.90%17.41%-358 bps
Equity / Assets12.81%11.39%11.87%12.18%13.36%+54 bps
Liquidity & Funding
Loans / Deposits61.56%62.42%65.18%63.59%62.30%+74 bps
Liquid Assets / Assets0.08%0.19%0.17%0.05%32.80%+3,272 bps
CRE / Total Capitaln/an/an/an/an/an/an/a