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Security State Bank of Beardsley

Beardsley, MN · Cert 8219

FDIC

Q4 2012

$49.2MAssets
$28.8MLoans
$45.1MDeposits
$4.0MEquity
Loan mix
69%RE $9.3M23%C&I $3.1M8%Consumer $1.1MQ1 2011Q4 2012
Deposit mix
65%Interest-bearing $29.1M35%Noninterest $16.0MQ1 2011Q4 2012

Executive Summary

  • Earnings: ROA of 1.96%, up 90 bps year over year; NIM at 4.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 63.99% of deposits as of Q4 2012.

Return on Assets (quarter, annualized)

1.96%+90 bps YoY

Net Interest Margin (quarter, annualized)

4.16%+12 bps YoY

Efficiency Ratio (quarter, annualized)

53.78%-1,710 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.11%Q4 ’104.70%Q4 ’114.64%Q4 ’12+1%+3%

Non-interest income vs. expense

3.29%Q4 ’103.01%Q4 ’112.40%Q4 ’12-9%-25%

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets1.82%1.87%2.36%1.06%2.22%2.29%2.17%1.96%+90 bps
Return on Equity22.30%22.53%27.49%12.38%26.11%26.67%25.32%23.54%+1,116 bps
Net Interest Margin3.86%4.27%4.36%4.04%4.01%4.22%4.00%4.16%+12 bps
Efficiency Ratio56.68%48.34%50.00%70.89%49.36%48.09%49.68%53.78%-1,710 bps
Non-Interest Burden2.10%1.95%2.08%2.80%1.84%1.92%1.88%2.10%-70 bps
Growth
Asset Growth (YoY)6.99%8.45%13.65%11.77%8.18%7.92%10.54%15.81%+404 bps
Loan Growth (YoY)0.83%2.36%7.82%8.46%5.61%1.67%1.97%4.97%-350 bps
Deposit Growth (YoY)6.95%8.29%13.85%11.47%7.72%7.68%10.69%16.23%+476 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 / Loans-0.02%1.31%-0.02%0.28%-0.23%0.05%0.20%0.12%-15 bps
Allowance / Loans1.10%0.91%0.92%0.86%0.99%0.97%0.92%0.80%-6 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 Capital11.93%11.55%11.77%11.17%11.84%12.07%12.17%11.31%+13 bps
Equity / Assets8.08%8.50%8.63%8.54%8.49%8.66%8.45%8.24%-30 bps
Liquidity & Funding
Loans / Deposits68.00%71.14%68.04%70.85%66.66%67.16%62.68%63.99%-687 bps
Liquid Assets / Assets10.49%8.09%7.03%6.81%10.94%8.07%14.79%12.46%+565 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a