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NASB Financial Inc. Reports Operating Results (10-K)

December 14, 2010 | About:

NASB Financial Inc. (NASB) filed Annual Report for the period ended 2010-09-30.

Nasb Financial Inc. has a market cap of $127.8 million; its shares were traded at around $16.24 with a P/E ratio of 16.9 and P/S ratio of 2.9. Nasb Financial Inc. had an annual average earning growth of 4.9% over the past 10 years.

Highlight of Business Operations:

Interest-costing liabilities:

Customer checking and savings

deposit accounts $ 185,281 0.60%

Customer and brokered

certificates of deposit 699,011 2.34%

FHLB advances 380,112 3.00%

Subordinated debentures 25,000 2.02%

-

Total costing liabilities 1,289,404 2.28%

Non-costing liabilities 6,269 -

Stockholders' equity 168,049

-

Total $1,463,722

=

Net earning balance $ 94,662

=

Earning yield less costing rate 3.73%

=



Interest-costing liabilities:

Customer checking and savings

deposit accounts $ 169,124 0.88%

Customer and brokered

certificates of deposit 698,747 3.37%

FHLB advances 491,040 3.37%

Subordinated debentures 25,000 3.42%

-

Total costing liabilities 1,383,911 3.07%

Non-costing liabilities 13,617 -

Stockholders' equity 158,588

-

Total $1,556,116

=

Net earning balance $ 107,142

=

Earning yield less costing rate 2.95%

=





Fiscal 2008

-

Average Yield/

Balance Rate

-

Interest-earning assets:

Loans $ 1,363,032 6.72%

Mortgage-backed securities 71,196 3.58%

Investments 25,909 4.19%

Bank deposits 11,953 2.12%

-

Total earning assets 1,472,090 6.49%

Non-earning assets 61,057 -

-

Total $ 1,533,147

=



Interest-costing liabilities:

Customer checking and savings

deposit accounts $ 166,076 1.16%

Customer and brokered

certificates of deposit 639,113 4.51%

FHLB advances 536,344 4.55%

Subordinated debentures 25,000 5.43%

-

Total costing liabilities 1,366,533 4.13%

Non-costing liabilities 15,291 -

Stockholders' equity 151,323

-

Total $1,533,147

=

Net earning balance $ 105,557

=

Earning yield less costing rate 2.36%

=



Year ended September 30,

-

2010 2009 2008 2007 2006

-

Return on average assets 0.42% 1.22% 0.61% 1.01% 1.35%

Return on average equity 3.78% 11.74% 6.16% 10.01% 13.60%

Equity to asset ratio 11.70% 10.67% 10.05% 9.92% 10.27%

Dividend payout ratio 55.99% 37.84% 76.16% 47.90% 45.59%





As of September 30,

-

2010 2009 2008 2007 2006

-

Asset Classification

Substandard $ 142,085 69,158 34,320 11,726 12,361

Doubtful - - - - -

Loss* 16,965 6,415 1,442 357 434

-

Total Classified 159,050 75,573 35,762 12,083 12,795

Allowance for loan/REO

losses (34,643) (20,699) (14,476) (8,301) (8,266)

-

Net classified assets $ 124,407 54,874 21,286 3,782 4,529

=

Net classified to total

classified assets 78% 73% 60% 31% 35%

=



Read the The complete Report

About the author:

10qk
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 3.7/5 (6 votes)

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