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 2.90%, up 27 bps year over year; NIM at 9.90%.
  • Asset quality: problem loans at 0.43% of loans (+43 bps YoY), with net charge-offs at 2.66%.
  • 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 (YTD, annualized)

2.90%+27 bps YoY

Net Interest Margin (YTD, annualized)

9.90%+88 bps YoY

Efficiency Ratio (YTD, annualized)

57.43%-498 bps YoY

Tier 1 Leverage Ratio

11.41%+85 bps YoY

NIM

9.79%Q2 ’1510.55%Q2 ’1611.77%Q2 ’17+8%+10%

Non-interest income vs. expense

11.17%Q2 ’1510.34%Q2 ’169.73%Q2 ’17-7%-4%

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets2.43%2.28%2.99%2.63%2.46%2.31%3.05%2.90%+27 bps
Return on Equity22.59%21.65%29.23%25.99%24.16%22.57%28.24%26.29%+31 bps
Net Interest Margin8.21%8.23%9.33%9.01%8.69%9.01%9.52%9.90%+88 bps
Efficiency Ratio67.35%68.06%61.16%62.41%62.17%62.25%57.31%57.43%-498 bps
Non-Interest Burden2.93%3.07%2.82%2.79%2.70%2.85%2.67%2.68%-10 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 / Loans1.36%1.28%1.96%1.82%1.81%1.83%2.79%2.66%+83 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