PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Security State Bank of Sheldon

Sheldon, IA · Cert 8102

FDIC

Q1 2006

$57.3MAssets
$46.0MLoans
$40.4MDeposits
$6.3MEquity
Loan mix
70%RE $17.3M29%C&I $7.2M0%Consumer $0.0MQ2 2004Q1 2006
Deposit mix
84%Interest-bearing $34.0M16%Noninterest $6.4MQ2 2004Q1 2006

Executive Summary

  • Earnings: ROA of 0.96%, up 1 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 113.98% of deposits as of Q1 2006.

Return on Assets (quarter, annualized)

0.96%+1 bps YoY

Net Interest Margin (quarter, annualized)

2.90%-34 bps YoY

Efficiency Ratio (quarter, annualized)

60.04%+253 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.77%Q1 ’044.89%Q1 ’055.39%Q1 ’06-4%-11%

Non-interest income vs. expense

2.39%Q1 ’042.36%Q1 ’052.14%Q1 ’06+7%-20%

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets1.40%1.31%1.15%0.95%1.02%1.27%0.46%0.96%+1 bps
Return on Equity11.42%10.50%9.23%7.31%7.54%9.14%3.82%9.13%+183 bps
Net Interest Margin3.42%3.46%3.34%3.24%3.20%3.18%3.03%2.90%-34 bps
Efficiency Ratio50.54%52.26%51.97%57.50%58.03%52.63%76.37%60.04%+253 bps
Non-Interest Burden1.44%1.58%1.66%1.84%1.72%1.34%2.34%1.48%-36 bps
Growth
Asset Growth (YoY)-5.39%-2.38%4.51%-3.31%1.14%-5.76%-0.97%0.16%+347 bps
Loan Growth (YoY)4.47%3.66%10.30%0.05%3.76%-3.66%0.75%2.32%+226 bps
Deposit Growth (YoY)-9.17%-9.13%1.55%1.14%2.96%1.65%0.67%0.81%-33 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%0.34%0.28%0.00%0 bps
Allowance / Loans2.06%2.04%1.96%2.08%1.98%2.03%1.79%1.87%-22 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital13.45%13.80%13.62%14.92%14.64%16.07%10.96%11.77%-316 bps
Equity / Assets12.42%12.56%12.45%13.59%13.35%14.38%10.10%10.97%-262 bps
Liquidity & Funding
Loans / Deposits116.58%119.61%116.47%112.30%117.49%113.36%116.56%113.98%+168 bps
Liquid Assets / Assets1.53%1.57%1.51%1.61%1.88%1.96%1.81%1.91%+30 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a