PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Smith County State Bank and Trust Company, The

Smith Center, KS · Cert 9664

FDIC

Q1 2008

$63.2MAssets
$23.3MLoans
$55.7MDeposits
$7.2MEquity
Loan mix
78%RE $10.9M21%C&I $3.0M0%Consumer $0.1MQ2 2006Q1 2008
Deposit mix
87%Interest-bearing $48.3M13%Noninterest $7.4MQ2 2006Q1 2008

Executive Summary

  • Earnings: ROA of 1.13%, down 5 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 41.74% of deposits as of Q1 2008.

Return on Assets (quarter, annualized)

1.13%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.50%+10 bps YoY

Efficiency Ratio (quarter, annualized)

82.13%+361 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.14%Q1 ’065.41%Q1 ’075.55%Q1 ’08-2%+3%

Non-interest income vs. expense

4.68%Q1 ’064.89%Q1 ’075.32%Q1 ’08-3%+13%

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.37%0.88%1.59%1.17%1.20%1.26%1.00%1.13%-5 bps
Return on Equity11.61%7.21%13.32%10.22%10.28%10.44%8.27%9.71%-51 bps
Net Interest Margin3.55%3.49%3.56%3.40%3.60%3.51%3.62%3.50%+10 bps
Efficiency Ratio76.03%83.55%76.46%78.52%77.35%76.68%82.60%82.13%+361 bps
Non-Interest Burden2.05%2.51%1.90%2.06%2.17%2.07%2.50%2.34%+28 bps
Growth
Asset Growth (YoY)-0.77%-4.68%4.11%1.55%-0.98%2.63%-4.22%6.74%+519 bps
Loan Growth (YoY)6.51%4.06%-4.09%-6.74%-6.24%-7.87%-5.66%-4.22%+253 bps
Deposit Growth (YoY)-0.62%-5.32%4.63%1.78%-0.98%2.95%-4.79%6.95%+517 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.00%0.24%0.21%0.08%4.43%0.00%0.00%-21 bps
Allowance / Loans2.07%2.20%2.13%2.23%2.26%1.41%1.45%1.53%-71 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital23.12%24.20%23.50%23.26%24.05%25.27%24.77%24.39%+114 bps
Equity / Assets11.85%12.60%11.37%11.61%11.81%12.32%11.88%11.39%-23 bps
Liquidity & Funding
Loans / Deposits51.67%52.48%46.41%46.61%48.93%46.96%45.98%41.74%-487 bps
Liquid Assets / Assets39.84%42.10%37.97%38.33%38.41%41.25%34.52%34.20%-413 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a