Security State Bank

Bird City, KS · Cert 9655

FDIC

Q4 2001

$17.0MAssets

$5.0MLoans

$14.8MDeposits

$2.0MEquity

Deposit mix

Executive Summary

Earnings: ROA of 0.24%, down 78 bps year over year; NIM at 4.36%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.96%.
Funding: loans stand at 33.51% of deposits as of Q4 2001.

Return on Assets (YTD, annualized)

0.24%-78 bps YoY

Net Interest Margin (YTD, annualized)

4.36%

Efficiency Ratio (YTD, annualized)

62.29%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.04%	1.12%	1.18%	1.02%	1.08%	1.25%	1.16%	0.24%	-78 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.89%	4.46%	4.34%	4.36%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	59.24%	57.25%	60.47%	62.29%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.22%	2.47%	2.55%	2.64%	n/a
Growth
Asset Growth (YoY)	-2.37%	-3.50%	-4.09%	-4.51%	-6.68%	-6.70%	-2.98%	-8.10%	-359 bps
Loan Growth (YoY)	-1.35%	-7.11%	1.54%	6.78%	5.49%	11.84%	23.72%	-19.48%	-2,625 bps
Deposit Growth (YoY)	-3.18%	-5.13%	-6.30%	-7.52%	-10.47%	-10.50%	4.01%	-0.21%	+731 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.00%	-0.03%	-0.06%	7.96%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	5.60%	5.51%	4.96%	3.61%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	48.74%	48.47%	25.42%	27.96%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	20.32%	20.79%	12.22%	11.73%	n/a
Liquidity & Funding
Loans / Deposits	36.68%	35.62%	37.08%	41.52%	43.22%	44.52%	44.11%	33.51%	-802 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	22.34%	19.47%	16.20%	14.15%	+1,415 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a