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Security Savings Bank

Eagle Grove, IA · Cert 5795

FDIC · 4 branches

Q4 2014

$117.0MAssets
$78.2MLoans
$95.0MDeposits
$13.1MEquity
Loan mix
33%RE $16.2M65%C&I $31.6M1%Consumer $0.5MQ4 2013Q4 2014
Deposit mix
79%Interest-bearing $75.3M21%Noninterest $19.8MQ4 2013Q4 2014

NIM

4.16%Q4 ’124.07%Q4 ’134.13%Q4 ’140%+7%

Non-interest income vs. expense

1.92%Q4 ’122.08%Q4 ’132.33%Q4 ’14+10%+14%

Executive Summary

  • Earnings: ROA of 1.31%, unchanged from a year ago; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 82.30% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

1.31%0 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+24 bps YoY

Efficiency Ratio (YTD, annualized)

61.03%+284 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.31%1.34%1.29%1.35%1.31%0 bps
Return on Equity13.49%12.88%12.21%12.55%12.10%-139 bps
Net Interest Margin3.30%3.38%3.36%3.57%3.54%+24 bps
Efficiency Ratio58.19%59.09%60.61%59.94%61.03%+284 bps
Non-Interest Burden1.81%1.88%1.94%2.03%2.06%+25 bps
Growth
Asset Growth (YoY)-7.86%-9.09%-6.28%-7.50%-1.84%+602 bps
Loan Growth (YoY)11.94%4.13%5.85%0.81%-12.18%-2,411 bps
Deposit Growth (YoY)-9.43%-11.00%-8.25%-11.07%-3.06%+637 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%0.11%+11 bps
Allowance / Loans1.42%1.57%1.52%1.57%1.66%+24 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 Capital13.12%14.28%13.71%14.13%15.21%+210 bps
Equity / Assets10.26%10.61%10.84%11.43%11.17%+91 bps
Liquidity & Funding
Loans / Deposits90.85%83.88%91.24%95.69%82.30%-855 bps
Liquid Assets / Assets0.16%5.93%2.93%0.27%0.71%+55 bps
CRE / Total Capitaln/an/an/an/an/an/an/a