PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Stockgrowers State Bank, National Association

Worland, WY · Cert 8726

FDIC

Q1 2003

$44.4MAssets
$22.2MLoans
$38.6MDeposits
$3.6MEquity
Loan mix
41%RE $3.4M58%C&I $4.8M0%Consumer $0.0MQ1 2002Q1 2003
Deposit mix
84%Interest-bearing $32.6M16%Noninterest $6.1MQ1 2002Q1 2003

NIM

7.29%Q1 ’015.97%Q1 ’024.96%Q1 ’03+5%-12%

Non-interest income vs. expense

3.02%Q1 ’012.94%Q1 ’023.36%Q1 ’03+4%+15%

Executive Summary

  • Earnings: ROA of 1.44%, up 236 bps year over year; NIM at 3.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 57.48% of deposits as of Q1 2003.

Financial Results

Return on Assets (quarter, annualized)

1.44%+236 bps YoY

Net Interest Margin (quarter, annualized)

3.98%-54 bps YoY

Efficiency Ratio (quarter, annualized)

73.94%+1,537 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets-0.91%1.79%2.03%2.59%1.44%+236 bps
Return on Equity-10.95%22.05%26.04%31.41%17.23%+2,819 bps
Net Interest Margin4.52%4.71%4.70%4.13%3.98%-54 bps
Efficiency Ratio58.57%56.71%57.26%65.06%73.94%+1,537 bps
Non-Interest Burden2.44%2.35%2.37%2.48%2.79%+35 bps
Growth
Asset Growth (YoY)-4.88%-6.50%-0.21%-6.78%-0.33%+455 bps
Loan Growth (YoY)-13.99%-16.85%-15.30%-23.03%-13.97%+2 bps
Deposit Growth (YoY)-6.59%-6.16%-0.01%-12.08%1.71%+830 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%0.24%-0.07%0.11%0.04%+11 bps
Allowance / Loans2.35%2.22%2.54%2.75%2.72%+38 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 Capital11.78%10.36%10.88%13.85%14.16%+239 bps
Equity / Assets8.39%7.83%7.76%8.72%8.04%-35 bps
Liquidity & Funding
Loans / Deposits67.96%67.86%62.00%60.93%57.48%-1,048 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a