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Bank of Walnut Grove

Walnut Grove, MS · Cert 8558

FDIC · 1 branch

Q3 2017

$57.4MAssets
$23.5MLoans
$52.5MDeposits
$4.7MEquity
Loan mix
71%RE $15.8M4%C&I $0.8M25%Consumer $5.6MQ3 2016Q3 2017
Deposit mix
72%Interest-bearing $37.6M28%Noninterest $14.9MQ3 2016Q3 2017

NIM

3.81%Q3 ’153.72%Q3 ’163.47%Q3 ’17-3%-8%

Non-interest income vs. expense

2.90%Q3 ’152.79%Q3 ’163.08%Q3 ’17-2%+15%

Executive Summary

  • Earnings: ROA of 0.55%, down 48 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.52%.
  • Capital: tier 1 leverage ratio of 8.09%, down 662 bps from a year ago.
  • Funding: loans stand at 44.76% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

0.55%-48 bps YoY

Net Interest Margin (YTD, annualized)

3.05%-27 bps YoY

Efficiency Ratio (YTD, annualized)

84.57%+1,385 bps YoY

Tier 1 Leverage Ratio

8.09%-662 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets1.03%0.90%0.70%0.84%0.55%-48 bps
Return on Equity7.19%6.26%4.87%5.82%4.29%-291 bps
Net Interest Margin3.32%3.26%3.04%3.01%3.05%-27 bps
Efficiency Ratio70.72%73.79%80.78%76.43%84.57%+1,385 bps
Non-Interest Burden2.16%2.24%2.33%2.16%2.49%+32 bps
Growth
Asset Growth (YoY)4.06%2.90%3.08%0.24%-2.96%-702 bps
Loan Growth (YoY)2.27%0.86%-6.46%-11.72%-15.36%-1,764 bps
Deposit Growth (YoY)4.24%2.84%3.22%0.02%4.90%+65 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.18%0.20%0.56%0.44%0.52%+34 bps
Allowance / Loans2.34%2.35%2.34%2.38%2.38%+5 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.71%14.19%14.55%14.87%8.09%-662 bps
Total Risk-Based Capital30.52%30.09%31.53%33.25%19.28%-1,123 bps
Equity / Assets14.54%14.23%14.34%14.79%8.12%-642 bps
Liquidity & Funding
Loans / Deposits55.48%54.86%51.79%50.54%44.76%-1,072 bps
Liquid Assets / Assets18.22%16.55%17.68%17.93%17.84%-38 bps
CRE / Total Capitaln/an/an/an/an/an/an/a