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State Bank of Concrete

Concrete, WA · Cert 513

FDIC

Q1 2011

$142.7MAssets
$109.0MLoans
$131.6MDeposits
$2.7MEquity
Loan mix
73%RE $70.6M24%C&I $23.6M3%Consumer $2.5MQ1 2010Q1 2011
Deposit mix
96%Interest-bearing $126.3M4%Noninterest $5.4MQ1 2010Q1 2011

NIM

6.37%Q1 ’096.03%Q1 ’105.09%Q1 ’11+15%-13%

Non-interest income vs. expense

3.16%Q1 ’092.85%Q1 ’103.44%Q1 ’11-2%+57%

Executive Summary

  • Earnings: ROA of -9.67%, down 989 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 13.12%.
  • Funding: loans stand at 82.82% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

-9.67%-989 bps YoY

Net Interest Margin (quarter, annualized)

3.89%-57 bps YoY

Efficiency Ratio (quarter, annualized)

118.22%+5,450 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets0.23%-6.87%-10.17%-5.62%-9.67%-989 bps
Return on Equity2.44%-78.45%-154.18%-116.54%-313%-31,556 bps
Net Interest Margin4.46%4.33%4.29%3.46%3.89%-57 bps
Efficiency Ratio63.72%87.44%167.14%109.78%118.22%+5,450 bps
Non-Interest Burden2.83%3.88%5.72%5.52%4.46%+162 bps
Growth
Asset Growth (YoY)11.93%11.15%9.25%-2.80%-7.19%-1,911 bps
Loan Growth (YoY)6.09%1.02%0.74%-6.98%-11.43%-1,752 bps
Deposit Growth (YoY)10.29%13.29%12.78%2.32%0.96%-933 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.88%5.62%2.87%11.34%13.12%+1,225 bps
Allowance / Loans1.30%2.20%4.48%3.10%2.99%+169 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 Capital11.79%9.95%7.13%5.99%3.34%-845 bps
Equity / Assets9.71%7.82%5.37%4.24%1.90%-780 bps
Liquidity & Funding
Loans / Deposits94.41%90.29%87.57%86.93%82.82%-1,159 bps
Liquid Assets / Assets10.77%13.60%15.37%13.34%14.56%+378 bps
CRE / Total Capitaln/an/an/an/an/an/an/a