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State Bank of Delphos, The

Delphos, KS · Cert 9660

FDIC · 3 branches

Q4 2014

$44.0MAssets
$33.4MLoans
$35.4MDeposits
$4.7MEquity
Loan mix
82%RE $19.4M13%C&I $3.1M4%Consumer $1.0MQ4 2013Q4 2014
Deposit mix
84%Interest-bearing $29.7M16%Noninterest $5.6MQ4 2013Q4 2014

NIM

4.32%Q4 ’124.52%Q4 ’134.41%Q4 ’14+7%-2%

Non-interest income vs. expense

2.54%Q4 ’122.76%Q4 ’132.82%Q4 ’14+10%+3%

Executive Summary

  • Earnings: ROA of 1.09%, down 12 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 94.34% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

1.09%-12 bps YoY

Net Interest Margin (YTD, annualized)

3.79%-8 bps YoY

Efficiency Ratio (YTD, annualized)

71.44%+322 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.21%0.66%0.93%1.02%1.09%-12 bps
Return on Equity12.61%6.44%9.14%9.97%10.60%-201 bps
Net Interest Margin3.87%3.72%3.80%3.82%3.79%-8 bps
Efficiency Ratio68.23%81.48%74.80%72.97%71.44%+322 bps
Non-Interest Burden2.58%3.01%2.81%2.75%2.66%+7 bps
Growth
Asset Growth (YoY)-1.03%-2.61%-6.72%-3.47%-1.73%-70 bps
Loan Growth (YoY)6.12%4.02%-1.65%-1.12%-0.34%-647 bps
Deposit Growth (YoY)0.20%-0.73%-4.33%-3.36%5.64%+544 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.02%0.04%0.11%0.10%+10 bps
Allowance / Loans1.23%1.25%1.22%1.20%1.14%-9 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 Capital14.03%14.26%14.07%14.65%14.45%+41 bps
Equity / Assets10.13%10.28%10.09%10.47%10.66%+53 bps
Liquidity & Funding
Loans / Deposits100.01%91.82%97.18%93.45%94.34%-567 bps
Liquid Assets / Assets15.27%15.79%15.94%15.37%15.39%+12 bps
CRE / Total Capitaln/an/an/an/an/an/an/a