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Ute State Bank

Ute, IA · Cert 5825

FDIC

Q3 2001

$18.7MAssets
$9.0MLoans
$15.1MDeposits
$3.4MEquity
Loan mix
60%RE $1.6M40%C&I $1.1M0%Consumer $0.0MQ3 2000Q3 2001
Deposit mix
91%Interest-bearing $13.7M9%Noninterest $1.4MQ3 2000Q3 2001

NIM

6.78%Q1 ’016.48%Q2 ’016.23%Q3 ’01-1%-3%

Non-interest income vs. expense

3.79%Q1 ’011.93%Q2 ’013.04%Q3 ’01-54%+75%

Executive Summary

  • Earnings: ROA of 0.42%, up 36 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 60.10% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

0.42%+36 bps YoY

Net Interest Margin (quarter, annualized)

3.35%

Efficiency Ratio (quarter, annualized)

80.00%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets0.06%0.17%0.08%1.17%0.42%+36 bps
Return on Equityn/an/an/a7.02%2.39%n/a
Net Interest Marginn/an/a3.50%3.46%3.35%n/a
Efficiency Ration/an/a92.86%49.50%80.00%n/a
Non-Interest Burdenn/an/a3.20%1.48%2.59%n/a
Growth
Asset Growth (YoY)42.20%32.99%36.65%31.57%-7.33%-4,953 bps
Loan Growth (YoY)-0.04%7.05%0.06%13.79%12.42%+1,245 bps
Deposit Growth (YoY)53.14%36.15%41.14%35.44%-9.93%-6,307 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.28%0.00%-0.04%n/a
Allowance / Loansn/an/a1.41%1.37%1.39%n/a
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 Capitaln/an/a19.64%19.41%19.99%n/a
Equity / Assetsn/an/a16.50%16.86%17.96%n/a
Liquidity & Funding
Loans / Deposits48.15%53.31%52.18%55.79%60.10%+1,195 bps
Liquid Assets / Assets0.00%0.00%0.49%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a