PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

American State Bank

Lawrenceburg, IN · Cert 9645

FDIC

Q1 2005

$67.0MAssets
$43.8MLoans
$58.0MDeposits
$5.3MEquity
Deposit mix
85%Interest-bearing $49.6M15%Noninterest $8.5MQ1 2004Q1 2005

NIM

6.21%Q1 ’035.92%Q1 ’045.07%Q1 ’05+4%-22%

Non-interest income vs. expense

4.32%Q1 ’034.18%Q1 ’048.42%Q1 ’05-14%+169%

Executive Summary

  • Earnings: ROA of -6.36%, down 729 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.28%.
  • Funding: loans stand at 75.48% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

-6.36%-729 bps YoY

Net Interest Margin (quarter, annualized)

3.52%-99 bps YoY

Efficiency Ratio (quarter, annualized)

195.20%+12,385 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.94%0.55%-0.16%0.25%-6.36%-729 bps
Return on Equity11.81%7.37%-2.08%2.91%-77.31%-8,912 bps
Net Interest Margin4.52%4.45%4.54%4.05%3.52%-99 bps
Efficiency Ratio71.35%79.95%77.26%92.83%195.20%+12,385 bps
Non-Interest Burden2.84%3.39%3.31%3.70%7.63%+479 bps
Growth
Asset Growth (YoY)3.97%4.62%9.10%10.09%-1.25%-523 bps
Loan Growth (YoY)14.71%2.02%-0.30%-5.64%-14.76%-2,946 bps
Deposit Growth (YoY)5.40%6.72%1.37%7.36%-1.50%-690 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.28%2.11%0.33%2.28%+211 bps
Allowance / Loans1.64%1.66%1.67%1.63%2.97%+133 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 Capital12.15%12.43%13.86%14.12%14.60%+246 bps
Equity / Assets7.64%7.34%8.34%8.47%7.97%+33 bps
Liquidity & Funding
Loans / Deposits87.21%82.11%89.11%84.97%75.48%-1,174 bps
Liquid Assets / Assets6.78%6.37%0.18%3.89%11.04%+426 bps
CRE / Total Capitaln/an/an/an/an/an/an/a