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Rural American Bank - Luck

Luck, WI · Cert 9525

FDIC

Q4 2010

$55.3MAssets
$35.0MLoans
$49.6MDeposits
$4.1MEquity
Loan mix
91%RE $25.8M9%C&I $2.5M0%Consumer $0.0MQ4 2009Q4 2010
Deposit mix
87%Interest-bearing $43.0M13%Noninterest $6.5MQ4 2009Q4 2010

NIM

5.44%Q4 ’085.15%Q4 ’094.70%Q4 ’10+1%-6%

Non-interest income vs. expense

3.16%Q4 ’082.92%Q4 ’093.38%Q4 ’10-30%+20%

Executive Summary

  • Earnings: ROA of 1.28%, down 82 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 0.16%.
  • Funding: loans stand at 70.58% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

1.28%-82 bps YoY

Net Interest Margin (quarter, annualized)

3.60%-21 bps YoY

Efficiency Ratio (quarter, annualized)

65.44%+951 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets2.10%0.99%2.06%1.51%1.28%-82 bps
Return on Equity27.74%13.37%26.84%19.28%16.73%-1,101 bps
Net Interest Margin3.81%3.72%3.92%3.88%3.60%-21 bps
Efficiency Ratio55.93%71.19%60.77%61.94%65.44%+951 bps
Non-Interest Burden1.51%2.29%1.82%1.83%1.81%+30 bps
Growth
Asset Growth (YoY)3.04%0.70%0.49%0.68%-1.66%-470 bps
Loan Growth (YoY)-0.06%-4.55%-11.34%-9.26%-11.94%-1,188 bps
Deposit Growth (YoY)3.74%0.58%0.61%-1.02%-0.55%-429 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.66%0.03%0.09%0.31%0.16%-50 bps
Allowance / Loans1.79%1.98%2.06%2.30%2.54%+75 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 Capital11.31%11.65%12.30%12.92%12.58%+127 bps
Equity / Assets7.28%7.48%7.84%7.81%7.49%+22 bps
Liquidity & Funding
Loans / Deposits79.71%79.65%75.66%74.54%70.58%-913 bps
Liquid Assets / Assets2.30%2.86%3.81%4.29%0.84%-146 bps
CRE / Total Capitaln/an/an/an/an/an/an/a