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Fairbank State Bank

Fairbank, IA · Cert 8754

FDIC

Q1 2008

$29.7MAssets
$20.5MLoans
$25.8MDeposits
$3.6MEquity
Loan mix
47%RE $6.7M53%C&I $7.7M0%Consumer $0.0MQ2 2006Q1 2008
Deposit mix
90%Interest-bearing $23.2M10%Noninterest $2.6MQ2 2006Q1 2008

Executive Summary

  • Earnings: ROA of 1.00%, up 49 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 79.37% of deposits as of Q1 2008.

Return on Assets (quarter, annualized)

1.00%+49 bps YoY

Net Interest Margin (quarter, annualized)

3.24%-16 bps YoY

Efficiency Ratio (quarter, annualized)

59.42%-510 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.38%Q1 ’066.20%Q1 ’075.99%Q1 ’080%-5%

Non-interest income vs. expense

2.72%Q1 ’062.58%Q1 ’072.29%Q1 ’08+6%-14%

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.92%0.37%0.81%0.51%0.97%0.95%1.12%1.00%+49 bps
Return on Equity7.75%3.08%6.58%4.05%7.46%7.25%9.07%8.57%+452 bps
Net Interest Margin3.20%3.23%2.91%3.40%3.34%3.31%3.26%3.24%-16 bps
Efficiency Ratio60.15%65.13%52.67%64.52%58.24%59.12%45.09%59.42%-510 bps
Non-Interest Burden1.76%2.06%1.43%2.11%1.82%1.82%1.29%1.82%-30 bps
Growth
Asset Growth (YoY)7.57%11.58%2.42%-2.77%-0.96%-2.05%3.75%3.71%+648 bps
Loan Growth (YoY)24.20%21.87%11.67%-5.17%-1.58%-6.04%5.69%7.66%+1,283 bps
Deposit Growth (YoY)7.45%7.36%1.97%-1.15%-1.39%0.48%2.89%4.55%+570 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%0.51%3.26%-0.06%0.06%0.19%-0.04%-0.02%+4 bps
Allowance / Loans1.35%1.44%0.91%0.96%0.95%0.95%0.94%0.97%0 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 Capital12.18%11.90%12.18%12.72%12.48%12.49%10.64%11.38%-134 bps
Equity / Assets12.09%12.13%12.47%12.90%13.01%13.25%11.41%12.02%-88 bps
Liquidity & Funding
Loans / Deposits80.19%84.77%75.92%77.08%80.03%79.27%77.99%79.37%+229 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