PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

World's Foremost Bank, National Association

Sidney, NE · Cert 57079

FDIC · 1 branch

Q2 2017

$5.7BAssets
$5.6BLoans
$1.1BDeposits
$652.9MEquity
Deposit mix
99%Interest-bearing $1.1B1%Noninterest $0.0BQ3 2015Q2 2017

Executive Summary

  • Earnings: ROA of 2.79%, up 43 bps year over year; NIM at 10.11%.
  • Asset quality: problem loans at 0.43% of loans (+43 bps YoY), with net charge-offs at 2.64%.
  • Capital: tier 1 leverage ratio of 11.41%, up 85 bps from a year ago.
  • Funding: loans stand at 503.20% of deposits as of Q2 2017.

Return on Assets (quarter, annualized)

2.79%+43 bps YoY

Net Interest Margin (quarter, annualized)

10.11%+109 bps YoY

Efficiency Ratio (quarter, annualized)

57.55%-606 bps YoY

Tier 1 Leverage Ratio

11.41%+85 bps YoY

NIM

9.83%Q2 ’1510.60%Q2 ’1612.02%Q2 ’17+8%+12%

Non-interest income vs. expense

11.63%Q2 ’1510.79%Q2 ’1610.11%Q2 ’17-5%-7%

Discrete quarter, annualized.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets2.19%1.96%2.99%2.37%2.11%1.90%3.05%2.79%+43 bps
Return on Equity19.61%18.95%29.23%23.09%20.82%18.22%28.24%24.70%+161 bps
Net Interest Margin8.78%9.06%9.33%9.03%9.26%9.72%9.52%10.11%+109 bps
Efficiency Ratio67.03%69.95%61.16%63.60%61.74%62.48%57.31%57.55%-606 bps
Non-Interest Burden3.12%3.77%2.82%2.86%2.89%3.22%2.67%2.65%-20 bps
Growth
Asset Growth (YoY)7.85%9.52%11.04%21.99%19.46%9.58%10.02%0.44%-2,156 bps
Loan Growth (YoY)14.30%14.18%15.26%15.76%14.03%11.54%9.62%7.85%-791 bps
Deposit Growth (YoY)6.82%8.96%6.37%44.31%32.29%32.49%41.28%-8.06%-5,237 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.50%0.43%+43 bps
Net Charge-Offs / Loans1.45%1.40%1.96%1.79%1.89%2.29%2.79%2.64%+85 bps
Allowance / Loans1.41%1.48%1.53%1.62%1.92%2.06%2.09%2.16%+54 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a4.2x5.0xn/a
Capital
Tier 1 Leverage Ratio10.74%10.60%10.34%10.56%10.38%10.97%10.55%11.41%+85 bps
Total Risk-Based Capital12.13%11.30%11.87%11.81%12.12%11.91%12.56%12.84%+103 bps
Equity / Assets10.88%9.89%10.57%9.95%10.34%10.52%11.10%11.50%+155 bps
Liquidity & Funding
Loans / Deposits521%578%558%429%449%487%433%503%+7,427 bps
Liquid Assets / Assets0.83%2.13%0.87%7.15%6.14%0.88%0.90%0.96%-619 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a