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Jackson State Bank, The

Jackson, WY · Cert 520

FDIC

Q3 2008

$1.5BAssets
$1.0BLoans
$957.4MDeposits
$346.4MEquity
Loan mix
83%RE $682.0M16%C&I $133.7M1%Consumer $7.1MQ3 2007Q3 2008
Deposit mix
85%Interest-bearing $815.1M15%Noninterest $142.2MQ3 2007Q3 2008

NIM

6.53%Q3 ’066.81%Q3 ’071.83%Q3 ’08-1%-66%

Non-interest income vs. expense

1.37%Q3 ’061.30%Q3 ’070.42%Q3 ’08-2%-56%

Executive Summary

  • Earnings: ROA of 0.87%, down 252 bps year over year; NIM at 1.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 107.12% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.87%-252 bps YoY

Net Interest Margin (YTD, annualized)

1.41%-269 bps YoY

Efficiency Ratio (YTD, annualized)

23.11%-525 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets3.39%3.41%3.60%3.45%0.87%-252 bps
Return on Equity40.33%40.67%42.69%41.05%6.64%-3,369 bps
Net Interest Margin4.10%3.92%4.33%4.34%1.41%-269 bps
Efficiency Ratio28.36%28.13%26.26%27.33%23.11%-525 bps
Non-Interest Burden0.82%0.78%0.81%0.86%0.36%-46 bps
Growth
Asset Growth (YoY)23.58%21.77%20.35%19.25%39.81%+1,623 bps
Loan Growth (YoY)16.73%25.93%26.94%28.62%21.37%+464 bps
Deposit Growth (YoY)23.06%25.93%19.54%5.69%1.83%-2,122 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.08%0.00%-1 bps
Allowance / Loans1.14%1.08%1.08%0.95%1.07%-7 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 Capital10.04%10.13%10.39%10.00%10.77%+73 bps
Equity / Assets7.95%8.29%8.58%8.36%23.46%+1,552 bps
Liquidity & Funding
Loans / Deposits89.88%95.73%99.34%113.34%107.12%+1,724 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a