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Ames Community Bank

Ames, IA · Cert 57115

FDIC

Q4 2008

$184.8MAssets
$157.5MLoans
$144.1MDeposits
$16.4MEquity
Loan mix
87%RE $103.4M13%C&I $15.0M0%Consumer $0.1MQ4 2007Q4 2008
Deposit mix
93%Interest-bearing $133.3M7%Noninterest $10.8MQ4 2007Q4 2008

NIM

6.59%Q4 ’066.57%Q4 ’075.38%Q4 ’08-1%+1%

Non-interest income vs. expense

2.08%Q4 ’062.18%Q4 ’072.75%Q4 ’08-2%+52%

Executive Summary

  • Earnings: ROA of 0.00%, up 83 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.36%.
  • Funding: loans stand at 109.30% of deposits as of Q4 2008.

Financial Results

Return on Assets (quarter, annualized)

0.00%+83 bps YoY

Net Interest Margin (quarter, annualized)

2.72%+3 bps YoY

Efficiency Ratio (quarter, annualized)

86.24%+2,179 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-0.83%0.39%0.70%0.10%0.00%+83 bps
Return on Equity-9.98%4.56%7.91%1.11%-0.02%+996 bps
Net Interest Margin2.70%2.62%2.91%3.06%2.72%+3 bps
Efficiency Ratio64.46%84.05%73.79%83.23%86.24%+2,179 bps
Non-Interest Burden1.50%2.12%1.96%2.46%2.29%+78 bps
Growth
Asset Growth (YoY)-4.79%0.82%-4.43%-2.33%-1.46%+332 bps
Loan Growth (YoY)5.31%0.33%-2.84%-5.40%-5.46%-1,076 bps
Deposit Growth (YoY)-12.01%5.62%-2.94%9.11%5.69%+1,770 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%3.12%0.35%0.12%0.36%+24 bps
Allowance / Loans1.93%1.24%1.26%1.38%1.42%-50 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 Capital10.23%10.56%10.89%11.02%11.04%+80 bps
Equity / Assets8.38%8.71%9.06%8.90%8.85%+48 bps
Liquidity & Funding
Loans / Deposits122.19%113.87%120.43%112.57%109.30%-1,289 bps
Liquid Assets / Assets0.00%0.00%0.00%0.13%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a