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First Community Bank Silver Lake

Silver Lake, MN · Cert 8543

FDIC

Q4 2012

$25.9MAssets
$9.6MLoans
$22.6MDeposits
$2.6MEquity
Loan mix
91%RE $7.5M6%C&I $0.5M3%Consumer $0.3MQ4 2011Q4 2012
Deposit mix
92%Interest-bearing $20.7M8%Noninterest $1.9MQ4 2011Q4 2012

NIM

4.13%Q4 ’103.79%Q4 ’113.16%Q4 ’12-1%-12%

Non-interest income vs. expense

4.09%Q4 ’102.99%Q4 ’112.55%Q4 ’12-25%-14%

Executive Summary

  • Earnings: ROA of -0.02%, down 47 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 42.34% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.02%-47 bps YoY

Net Interest Margin (quarter, annualized)

2.67%-35 bps YoY

Efficiency Ratio (quarter, annualized)

92.05%-290 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.45%13.69%12.19%1.11%-0.02%-47 bps
Return on Equity4.38%35.95%21.50%10.58%-0.15%-453 bps
Net Interest Margin3.02%2.75%2.76%2.86%2.67%-35 bps
Efficiency Ratio94.95%71.11%67.98%71.35%92.05%-290 bps
Non-Interest Burden2.87%1.93%1.83%2.01%2.45%-41 bps
Growth
Asset Growth (YoY)4.83%-1.91%0.78%0.39%3.98%-85 bps
Loan Growth (YoY)-1.01%-1.67%-1.70%-1.38%1.98%+299 bps
Deposit Growth (YoY)7.32%2.39%2.81%-0.11%1.71%-562 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%0.00%0.00%0.00%0.00%-38 bps
Allowance / Loans1.64%1.60%1.52%1.53%1.82%+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 Capital17.57%18.43%20.04%19.91%20.26%+268 bps
Equity / Assets10.44%10.08%10.27%10.63%10.14%-29 bps
Liquidity & Funding
Loans / Deposits42.23%44.02%45.18%46.75%42.34%+11 bps
Liquid Assets / Assets0.40%7.77%17.53%12.56%15.83%+1,543 bps
CRE / Total Capitaln/an/an/an/an/an/an/a