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Union State Bank

Rockwell City, IA · Cert 8514

FDIC

Q4 2011

$38.2MAssets
$18.8MLoans
$32.1MDeposits
$5.5MEquity
Loan mix
59%RE $6.7M27%C&I $3.0M14%Consumer $1.6MQ1 2010Q4 2011
Deposit mix
80%Interest-bearing $25.9M20%Noninterest $6.3MQ1 2010Q4 2011

Executive Summary

  • Earnings: ROA of 1.49%, down 12 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 58.47% of deposits as of Q4 2011.

Return on Assets (YTD, annualized)

1.49%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.10%-28 bps YoY

Efficiency Ratio (YTD, annualized)

61.29%+377 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.45%Q4 ’094.00%Q4 ’103.55%Q4 ’11-3%-8%

Non-interest income vs. expense

2.32%Q4 ’092.41%Q4 ’102.36%Q4 ’11+10%+1%

Year to date, annualized, through each quarter.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets1.75%1.59%1.75%1.61%1.26%1.40%1.49%1.49%-12 bps
Return on Equity12.32%11.18%12.25%11.29%9.00%9.90%10.45%10.42%-87 bps
Net Interest Margin3.56%3.43%3.44%3.37%2.90%2.98%3.13%3.10%-28 bps
Efficiency Ratio49.86%54.84%51.99%57.52%60.83%60.29%58.67%61.29%+377 bps
Non-Interest Burden1.55%1.63%1.44%1.59%1.61%1.56%1.56%1.61%+1 bps
Growth
Asset Growth (YoY)1.57%1.35%1.90%-0.89%2.25%1.40%0.05%5.24%+613 bps
Loan Growth (YoY)7.35%3.77%2.53%0.15%-9.53%-3.06%-5.98%-3.14%-329 bps
Deposit Growth (YoY)0.26%-0.54%-0.02%0.71%6.21%4.83%3.20%6.85%+614 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%0.08%0.06%0.00%-0.01%-0.01%-0.02%-8 bps
Allowance / Loans1.50%1.63%1.63%1.65%1.76%1.70%1.74%1.72%+7 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 Capital23.18%23.50%23.89%23.61%23.67%24.39%24.78%24.67%+106 bps
Equity / Assets14.26%14.25%14.66%14.18%13.84%14.31%14.87%14.41%+23 bps
Liquidity & Funding
Loans / Deposits66.29%64.72%64.72%64.50%56.47%59.85%58.97%58.47%-603 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a