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First State Bank

Enders, NE · Cert 8603

FDIC

Q2 2007

$30.2MAssets
$17.4MLoans
$27.3MDeposits
$2.7MEquity
Loan mix
63%RE $4.1M36%C&I $2.3M1%Consumer $0.0MQ2 2006Q2 2007
Deposit mix
89%Interest-bearing $24.4M11%Noninterest $2.9MQ2 2006Q2 2007

NIM

5.63%Q2 ’056.22%Q2 ’066.24%Q2 ’07-9%-11%

Non-interest income vs. expense

3.12%Q2 ’052.85%Q2 ’063.13%Q2 ’07-9%+14%

Executive Summary

  • Earnings: ROA of 0.34%, down 69 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 63.79% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.34%-69 bps YoY

Net Interest Margin (quarter, annualized)

3.21%-39 bps YoY

Efficiency Ratio (quarter, annualized)

89.30%+1,749 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.03%1.16%0.92%0.90%0.34%-69 bps
Return on Equity11.82%12.86%10.26%10.18%3.75%-807 bps
Net Interest Margin3.60%3.58%3.69%3.41%3.21%-39 bps
Efficiency Ratio71.81%71.61%76.22%75.58%89.30%+1,749 bps
Non-Interest Burden2.48%2.41%2.73%2.46%2.83%+35 bps
Growth
Asset Growth (YoY)11.89%5.50%1.84%0.74%2.32%-957 bps
Loan Growth (YoY)9.65%5.89%-4.27%2.71%-0.74%-1,039 bps
Deposit Growth (YoY)9.42%10.57%7.75%0.22%5.52%-390 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.00%0.00%-0.02%-0.02%0 bps
Allowance / Loans3.11%3.19%2.87%3.01%3.15%+3 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 Capital14.93%15.14%13.97%14.93%14.96%+3 bps
Equity / Assets8.71%9.29%8.62%9.09%8.97%+26 bps
Liquidity & Funding
Loans / Deposits67.82%65.87%69.52%64.31%63.79%-402 bps
Liquid Assets / Assets0.26%0.27%0.25%0.25%0.27%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a