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State Bank of Waverly

Waverly, IA · Cert 8103

FDIC

Q2 2011

$144.8MAssets
$49.6MLoans
$121.9MDeposits
$20.7MEquity
Loan mix
77%RE $25.5M20%C&I $6.5M3%Consumer $1.0MQ2 2010Q2 2011
Deposit mix
85%Interest-bearing $103.7M15%Noninterest $18.2MQ2 2010Q2 2011

NIM

5.16%Q2 ’094.67%Q2 ’103.72%Q2 ’11-9%-20%

Non-interest income vs. expense

2.94%Q2 ’092.69%Q2 ’102.66%Q2 ’11-8%-6%

Executive Summary

  • Earnings: ROA of 0.82%, down 75 bps year over year; NIM at 3.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 40.70% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

0.82%-75 bps YoY

Net Interest Margin (quarter, annualized)

3.01%-78 bps YoY

Efficiency Ratio (quarter, annualized)

72.97%+895 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets1.58%1.17%-3.96%0.60%0.82%-75 bps
Return on Equity10.02%7.06%-26.53%4.55%5.99%-403 bps
Net Interest Margin3.79%3.61%-10.94%2.76%3.01%-78 bps
Efficiency Ratio64.02%69.07%86.67%77.96%72.97%+895 bps
Non-Interest Burden2.28%2.35%-6.62%2.10%2.13%-15 bps
Growth
Asset Growth (YoY)6.55%6.77%4.62%2.53%-0.14%-670 bps
Loan Growth (YoY)-9.04%-10.55%-16.98%-12.81%-4.17%+487 bps
Deposit Growth (YoY)5.20%6.39%8.76%4.26%1.58%-362 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.22%-0.59%0.00%0.00%-23 bps
Allowance / Loans1.89%1.91%0.00%0.02%0.05%-184 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 Capital28.04%28.11%16.67%16.43%15.44%-1,260 bps
Equity / Assets16.21%16.83%13.07%13.19%14.27%-195 bps
Liquidity & Funding
Loans / Deposits43.14%43.62%39.25%39.06%40.70%-244 bps
Liquid Assets / Assets0.44%0.84%2.77%1.73%0.26%-18 bps
CRE / Total Capitaln/an/an/an/an/an/an/a