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First State Bank

Holbrook, NE · Cert 58217

FDIC

Q4 2008

$28.3MAssets
$13.4MLoans
$15.5MDeposits
$5.0MEquity
Deposit mix
86%Interest-bearing $13.2M14%Noninterest $2.2MQ4 2007Q4 2008

NIM

5.25%Q4 ’065.35%Q4 ’075.52%Q4 ’08-19%+38%

Non-interest income vs. expense

4.32%Q4 ’063.16%Q4 ’073.23%Q4 ’08-90%-202%

Executive Summary

  • Earnings: ROA of 1.00%, down 41 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.64%.
  • Funding: loans stand at 86.74% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

1.00%-41 bps YoY

Net Interest Margin (YTD, annualized)

3.13%+87 bps YoY

Efficiency Ratio (YTD, annualized)

49.56%-1,047 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.40%1.09%1.04%0.54%1.00%-41 bps
Return on Equity7.63%6.34%6.02%3.08%5.69%-194 bps
Net Interest Margin2.26%3.32%3.21%3.22%3.13%+87 bps
Efficiency Ratio60.03%65.33%64.86%59.32%49.56%-1,047 bps
Non-Interest Burden0.16%1.59%1.53%1.02%-0.16%-31 bps
Growth
Asset Growth (YoY)29.62%39.67%6.53%0.16%3.70%-2,592 bps
Loan Growth (YoY)23.57%32.25%9.19%7.57%3.52%-2,005 bps
Deposit Growth (YoY)6.64%6.23%14.43%14.26%27.22%+2,057 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.00%-0.03%2.86%3.64%+366 bps
Allowance / Loans1.29%1.26%1.45%1.76%1.86%+57 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 Capital17.62%16.78%18.49%15.48%19.36%+174 bps
Equity / Assets17.42%16.98%17.61%17.79%17.76%+33 bps
Liquidity & Funding
Loans / Deposits106.60%110.40%98.32%101.16%86.74%-1,986 bps
Liquid Assets / Assets0.00%0.00%0.00%0.74%2.48%+248 bps
CRE / Total Capitaln/an/an/an/an/an/an/a