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American State Bank & Trust Company, National Association

Great Bend, KS · Cert 57144

FDIC · 17 branches

Q3 2021

$788.5MAssets
$452.7MLoans
$659.1MDeposits
$98.4MEquity
Loan mix
70%RE $187.5M23%C&I $62.4M6%Consumer $16.5MQ3 2020Q3 2021
Deposit mix
75%Interest-bearing $497.1M25%Noninterest $162.0MQ3 2020Q3 2021

NIM

4.16%Q3 ’193.11%Q3 ’203.14%Q3 ’21-23%+7%

Non-interest income vs. expense

2.61%Q3 ’192.26%Q3 ’202.03%Q3 ’21-11%-11%

Market Position · Wichita, KS · 2021 SOD (annual) · 0.9% share · #15 of 48 inst. · $0.2B of $21.6B

11.1% Barton
8.1% Butler
5.2% Saline
10.6% Finney

Executive Summary

  • Earnings: ROA of 0.98%, up 40 bps year over year; NIM at 2.99%.
  • Asset quality: problem loans at 0.82% of loans (-5 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.17%, up 11 bps from a year ago.
  • Funding: loans stand at 68.69% of deposits as of Q3 2021.

Financial Results

Return on Assets (quarter, annualized)

0.98%+40 bps YoY

Net Interest Margin (quarter, annualized)

2.99%+20 bps YoY

Efficiency Ratio (quarter, annualized)

61.65%-1,106 bps YoY

Tier 1 Leverage Ratio

10.17%+11 bps YoY

Discrete quarter, annualized.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.58%0.52%0.50%0.71%0.98%+40 bps
Return on Equity4.57%4.13%3.98%5.75%7.87%+330 bps
Net Interest Margin2.79%2.77%2.78%2.83%2.99%+20 bps
Efficiency Ratio72.71%78.73%75.80%70.90%61.65%-1,106 bps
Non-Interest Burden1.92%2.08%2.01%1.90%1.71%-21 bps
Growth
Asset Growth (YoY)18.94%15.84%18.06%3.91%2.28%-1,666 bps
Loan Growth (YoY)13.46%12.22%13.57%2.81%-4.93%-1,839 bps
Deposit Growth (YoY)20.08%18.33%23.16%4.84%2.94%-1,714 bps
Asset Quality
Nonperforming Loans / Loans0.87%0.83%0.79%0.79%0.82%-5 bps
Net Charge-Offs / Loans0.00%0.00%-0.01%-0.01%0.00%-1 bps
Allowance / Loans1.12%1.16%1.17%1.19%1.24%+13 bps
Allowance Coverage of NPLs1.3x1.4x1.5x1.5x1.5x+0.2x
Capital
Tier 1 Leverage Ratio10.06%10.17%10.30%10.11%10.17%+11 bps
Total Risk-Based Capital10.06%10.17%10.30%10.11%10.17%+11 bps
Equity / Assets12.63%12.68%12.29%12.35%12.47%-16 bps
Liquidity & Funding
Loans / Deposits74.38%72.32%73.36%71.47%68.69%-569 bps
Liquid Assets / Assets0.63%0.37%0.41%0.45%0.58%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a