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State Bank of Riverdale

Riverdale, NE · Cert 8330

FDIC

Q4 2013

$94.9MAssets
$75.7MLoans
$78.6MDeposits
$8.1MEquity
Loan mix
57%RE $20.2M39%C&I $13.9M4%Consumer $1.6MQ4 2012Q4 2013
Deposit mix
76%Interest-bearing $59.5M24%Noninterest $19.1MQ4 2012Q4 2013

NIM

5.13%Q4 ’114.01%Q4 ’124.45%Q4 ’13-21%+16%

Non-interest income vs. expense

3.14%Q4 ’112.62%Q4 ’124.73%Q4 ’13-22%+119%

Executive Summary

  • Earnings: ROA of -0.21%, down 116 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 96.33% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.21%-116 bps YoY

Net Interest Margin (quarter, annualized)

4.05%+56 bps YoY

Efficiency Ratio (quarter, annualized)

101.82%+4,229 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.95%0.63%1.01%1.17%-0.21%-116 bps
Return on Equity10.95%7.25%11.58%13.01%-2.41%-1,336 bps
Net Interest Margin3.48%3.34%3.67%4.00%4.05%+56 bps
Efficiency Ratio59.53%68.36%58.81%55.97%101.82%+4,229 bps
Non-Interest Burden1.94%2.23%1.99%2.13%4.26%+232 bps
Growth
Asset Growth (YoY)26.88%19.00%10.57%12.83%9.75%-1,713 bps
Loan Growth (YoY)9.81%19.76%25.95%29.56%27.65%+1,784 bps
Deposit Growth (YoY)30.55%19.00%9.58%5.22%2.17%-2,838 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%0.00%0.04%+4 bps
Allowance / Loans0.98%0.96%0.88%0.81%0.81%-18 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 Capital11.72%11.08%10.55%10.23%9.11%-261 bps
Equity / Assets9.04%8.46%9.04%9.01%8.55%-49 bps
Liquidity & Funding
Loans / Deposits77.11%74.27%86.20%96.03%96.33%+1,923 bps
Liquid Assets / Assets17.53%24.48%15.49%11.80%10.53%-701 bps
CRE / Total Capitaln/an/an/an/an/an/an/a