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Elizabeth State Bank, The

Elizabeth, IL · Cert 9262

FDIC

Q2 2009

$55.0MAssets
$42.9MLoans
$48.1MDeposits
$864KEquity
Loan mix
86%RE $26.8M14%C&I $4.3M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
88%Interest-bearing $42.4M12%Noninterest $5.8MQ2 2008Q2 2009

NIM

6.20%Q2 ’075.97%Q2 ’085.56%Q2 ’09+3%+14%

Non-interest income vs. expense

1.94%Q2 ’072.16%Q2 ’083.30%Q2 ’09+9%+54%

Executive Summary

  • Earnings: ROA of -12.40%, down 1,223 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 89.19% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-12.40%-1,223 bps YoY

Net Interest Margin (YTD, annualized)

3.60%+45 bps YoY

Efficiency Ratio (YTD, annualized)

81.41%+1,903 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-0.17%0.15%-1.60%-23.46%-12.40%-1,223 bps
Return on Equity-3.03%2.68%-28.26%-551%-363%-35,963 bps
Net Interest Margin3.15%3.35%3.24%3.17%3.60%+45 bps
Efficiency Ratio62.37%58.87%61.44%68.46%81.41%+1,903 bps
Non-Interest Burden1.84%1.83%1.87%2.07%2.84%+100 bps
Growth
Asset Growth (YoY)-4.49%1.81%1.61%-13.90%-16.50%-1,201 bps
Loan Growth (YoY)6.57%8.08%4.68%-3.12%-6.77%-1,334 bps
Deposit Growth (YoY)-3.96%-3.51%-4.09%-10.00%-12.22%-827 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.23%0.30%0.15%+15 bps
Allowance / Loans1.07%1.14%0.93%1.22%1.34%+27 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 Capital10.16%11.38%11.12%2.91%2.88%-728 bps
Equity / Assets5.24%5.86%6.02%2.37%1.57%-367 bps
Liquidity & Funding
Loans / Deposits83.97%86.18%86.63%89.12%89.19%+521 bps
Liquid Assets / Assets0.42%0.03%0.03%0.16%1.34%+92 bps
CRE / Total Capitaln/an/an/an/an/an/an/a