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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

4.46%Q4 ’124.49%Q4 ’134.35%Q4 ’14+2%-3%

Non-interest income vs. expense

2.80%Q4 ’123.11%Q4 ’132.61%Q4 ’14+9%-17%

Executive Summary

  • Earnings: ROA of 1.33%, up 44 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 94.34% of deposits as of Q4 2014.

Financial Results

Return on Assets (quarter, annualized)

1.33%+44 bps YoY

Net Interest Margin (quarter, annualized)

3.72%-13 bps YoY

Efficiency Ratio (quarter, annualized)

66.82%-988 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.88%0.66%1.21%1.20%1.33%+44 bps
Return on Equity8.81%6.44%11.86%11.64%12.54%+373 bps
Net Interest Margin3.85%3.72%3.86%3.86%3.72%-13 bps
Efficiency Ratio76.70%81.48%68.31%69.40%66.82%-988 bps
Non-Interest Burden2.91%3.01%2.59%2.62%2.43%-48 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 / Loans-0.01%0.02%0.06%0.24%0.08%+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