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Langford State Bank

Langford, SD · Cert 9940

FDIC

Q2 2008

$11.8MAssets
$3.2MLoans
$9.2MDeposits
$2.5MEquity
Deposit mix
81%Interest-bearing $7.5M19%Noninterest $1.7MQ2 2007Q2 2008

NIM

5.21%Q2 ’065.91%Q2 ’075.29%Q2 ’08+8%-8%

Non-interest income vs. expense

2.75%Q2 ’062.98%Q2 ’073.14%Q2 ’08+8%+6%

Executive Summary

  • Earnings: ROA of 0.82%, down 32 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 34.97% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

0.82%-32 bps YoY

Net Interest Margin (YTD, annualized)

4.05%-36 bps YoY

Efficiency Ratio (YTD, annualized)

74.90%+978 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.14%1.08%0.97%1.13%0.82%-32 bps
Return on Equity5.43%5.08%4.52%5.01%3.71%-172 bps
Net Interest Margin4.42%4.45%4.34%4.24%4.05%-36 bps
Efficiency Ratio65.12%66.32%69.25%69.29%74.90%+978 bps
Non-Interest Burden2.82%2.90%2.96%2.90%3.00%+18 bps
Growth
Asset Growth (YoY)-5.98%-3.54%-6.79%3.71%5.94%+1,193 bps
Loan Growth (YoY)14.39%17.47%11.73%-1.98%-32.15%-4,654 bps
Deposit Growth (YoY)-15.75%-5.65%-9.96%6.08%14.96%+3,071 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.13%-0.09%-0.06%0.00%0.00%+13 bps
Allowance / Loans5.58%5.65%5.71%6.03%8.22%+264 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 Capital41.39%42.24%43.18%44.33%51.60%+1,021 bps
Equity / Assets21.51%22.26%22.68%22.24%21.18%-33 bps
Liquidity & Funding
Loans / Deposits59.24%54.81%54.28%48.92%34.97%-2,428 bps
Liquid Assets / Assets0.23%0.23%0.23%0.22%0.22%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a