PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Kit Carson State Bank

Kit Carson, CO · Cert 9216

FDIC

Q3 2012

$81.8MAssets
$37.9MLoans
$73.6MDeposits
$8.0MEquity
Loan mix
69%RE $13.0M26%C&I $4.9M5%Consumer $0.9MQ3 2011Q3 2012
Deposit mix
78%Interest-bearing $57.3M22%Noninterest $16.3MQ3 2011Q3 2012

NIM

5.97%Q3 ’104.90%Q3 ’114.05%Q3 ’12-14%-14%

Non-interest income vs. expense

3.38%Q3 ’103.29%Q3 ’113.14%Q3 ’12-13%+10%

Executive Summary

  • Earnings: ROA of 0.71%, down 53 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 51.58% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.71%-53 bps YoY

Net Interest Margin (quarter, annualized)

3.63%-61 bps YoY

Efficiency Ratio (quarter, annualized)

77.21%+1,226 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.24%0.84%1.07%0.97%0.71%-53 bps
Return on Equity11.23%7.74%10.47%9.42%7.05%-418 bps
Net Interest Margin4.24%3.92%4.04%3.99%3.63%-61 bps
Efficiency Ratio64.95%73.16%66.18%77.44%77.21%+1,226 bps
Non-Interest Burden2.46%2.75%2.54%3.00%2.70%+24 bps
Growth
Asset Growth (YoY)9.61%10.67%10.47%11.19%19.94%+1,033 bps
Loan Growth (YoY)-1.41%-5.83%-9.86%1.18%-3.54%-212 bps
Deposit Growth (YoY)10.30%10.97%11.06%12.01%22.27%+1,197 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.15%-0.01%0 bps
Allowance / Loans1.43%1.46%1.58%1.37%1.45%+2 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 Capital18.45%18.12%18.14%18.48%20.10%+165 bps
Equity / Assets11.20%10.42%10.10%10.51%9.78%-142 bps
Liquidity & Funding
Loans / Deposits65.38%59.97%52.51%59.98%51.58%-1,380 bps
Liquid Assets / Assets8.06%8.34%5.57%7.53%27.06%+1,901 bps
CRE / Total Capitaln/an/an/an/an/an/an/a