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Kinderhook State Bank

Kinderhook, IL · Cert 5765

FDIC

Q1 2013

$16.5MAssets
$8.6MLoans
$15.1MDeposits
$1.4MEquity
Loan mix
73%RE $4.6M12%C&I $0.7M16%Consumer $1.0MQ1 2012Q1 2013
Deposit mix
84%Interest-bearing $12.7M16%Noninterest $2.4MQ1 2012Q1 2013

NIM

4.65%Q1 ’114.13%Q1 ’123.61%Q1 ’13-7%-5%

Non-interest income vs. expense

3.89%Q1 ’113.51%Q1 ’124.00%Q1 ’13-14%+21%

Executive Summary

  • Earnings: ROA of -0.67%, down 73 bps year over year; NIM at 2.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 56.87% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.67%-73 bps YoY

Net Interest Margin (YTD, annualized)

2.88%-14 bps YoY

Efficiency Ratio (YTD, annualized)

121.48%+2,300 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.05%0.17%0.13%-0.13%-0.67%-73 bps
Return on Equity0.57%1.83%1.41%-1.41%-8.43%-900 bps
Net Interest Margin3.02%3.02%2.93%2.96%2.88%-14 bps
Efficiency Ratio98.48%95.24%96.42%103.60%121.48%+2,300 bps
Non-Interest Burden2.97%2.85%2.81%3.09%3.59%+62 bps
Growth
Asset Growth (YoY)-3.44%4.72%2.64%17.89%10.35%+1,380 bps
Loan Growth (YoY)-3.79%-7.69%-2.45%-4.04%6.00%+978 bps
Deposit Growth (YoY)-3.32%4.70%2.97%20.44%11.99%+1,530 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.02%0.02%0.01%0.00%0 bps
Allowance / Loans1.01%0.97%0.93%0.88%0.93%-8 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 Capital14.88%14.89%14.36%13.12%14.01%-87 bps
Equity / Assets9.48%8.80%9.25%7.76%8.24%-125 bps
Liquidity & Funding
Loans / Deposits60.08%55.88%61.51%55.20%56.87%-321 bps
Liquid Assets / Assets5.00%6.13%6.42%5.56%6.04%+104 bps
CRE / Total Capitaln/an/an/an/an/an/an/a