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Letter portraitLegal landscapeQuarterYTD

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 $7.1MQ4 2006Q3 2008
Deposit mix
85%Interest-bearing $815.1M15%Noninterest $142.2MQ4 2006Q3 2008

Executive Summary

  • Earnings: ROA of -3.42%, down 698 bps year over year; NIM at -1.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.15%.
  • Funding: loans stand at 107.12% of deposits as of Q3 2008.

Return on Assets (quarter, annualized)

-3.42%-698 bps YoY

Net Interest Margin (quarter, annualized)

-1.94%-639 bps YoY

Efficiency Ratio (quarter, annualized)

28.35%+121 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.18%Q3 ’067.34%Q3 ’07-3.44%Q3 ’08+2%-143%

Non-interest income vs. expense

1.39%Q3 ’061.35%Q3 ’07-0.61%Q3 ’08-3%-119%

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets3.20%3.20%3.49%3.56%3.40%3.60%3.32%-3.42%-698 bps
Return on Equity38.45%37.16%40.64%43.37%41.92%42.69%39.24%-20.16%-6,353 bps
Net Interest Margin4.17%4.23%4.36%4.45%4.20%4.33%4.35%-1.94%-639 bps
Efficiency Ratio29.31%30.26%27.94%27.14%27.50%26.26%28.39%28.35%+121 bps
Non-Interest Burden0.87%0.96%0.84%0.82%0.84%0.81%0.91%-0.16%-98 bps
Growth
Asset Growth (YoY)9.65%9.25%15.22%23.58%21.77%20.35%19.25%39.81%+1,623 bps
Loan Growth (YoY)16.56%13.00%15.89%16.73%25.93%26.94%28.62%21.37%+464 bps
Deposit Growth (YoY)5.17%6.57%16.01%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.00%0.00%0.02%0.00%0.00%0.15%-0.15%-17 bps
Allowance / Loans1.24%1.26%1.20%1.14%1.08%1.08%0.95%1.07%-7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital10.96%11.06%10.72%10.04%10.13%10.39%10.00%10.77%+73 bps
Equity / Assets8.59%8.64%8.52%7.95%8.29%8.58%8.36%23.46%+1,552 bps
Liquidity & Funding
Loans / Deposits95.73%93.55%93.14%89.88%95.73%99.34%113.34%107.12%+1,724 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a