29
The Volume and Rate Variances table below sets forth the dollar difference for the comparative periods in interest
earned or paid for each major category of interest-earning assets and interest-bearing liabilities, and the amount of
such change attributable to fluctuations in average balances (volume) or differences in average interest rates.
Volume variances are equal to the increase or decrease in average balance multiplied by prior period rates, and rate
variances are equal to the increase or decrease in rate times the prior period’s average balances. Variances
attributable to both rate and volume changes, calculated by multiplying the change in rate by the change in average
balance, have been allocated to the rate variance.
Volume & Rate Variances
(dollars in thousands)
Assets:
Volume
Rate
Net
Volume
Rate
Net
Investments:
Federal funds sold / Due from time
(40)
$
-
$
(40)
$
37
$
(5)
$
32
$
Taxable
786
1,968
2,754
(479)
(902)
(1,381)
Non-taxable
(1)
355
(156)
199
311
(277)
34
Equity
2
71
73
22
(89)
(67)
Total Investments
1,103
1,883
2,986
(109)
(1,273)
(1,382)
Loans and Leases:
Real Estate
6,860
(4,400)
2,460
(503)
(1,414)
(1,917)
Agricultural
9
(27)
(18)
339
(88)
251
Commercial
189
(767)
(578)
228
(282)
(54)
Consumer
(285)
1,436
1,151
(512)
(5)
(517)
Mortgage Warehouse
(678)
(2,017)
(2,695)
690
(116)
574
Direct Financing Leases
(33)
1
(32)
(71)
(1)
(72)
Other
-
62
62
-
-
-
Total Loans and Leases
6,062
(5,712)
350
171
(1,906)
(1,735)
Total Interest Earning Assets
7,165
$
(3,829)
$
3,336
$
62
$
(3,179)
$
(3,117)
$
Liabilities
Interest Bearing Deposits:
Demand
NOW
71
$
(69)
$
2
$
54
$
(30)
$
24
$
Savings Accounts
89
(110)
(21)
4
(201)
(197)
Money Market
44
(88)
(44)
57
(13)
44
CDAR's
12
(26)
(14)
(12)
(21)
(33)
Certificates of Deposit < $100,000
(3)
(22)
(25)
(12)
(4)
(16)
Certificates of Deposit > $100,000
(56)
(38)
(94)
(98)
(101)
(199)
Brokered Deposits
(36)
(96)
(132)
(62)
(269)
(331)
Total Interest Bearing Deposits
(74)
11
(63)
(51)
6
(45)
Borrowed Funds:
47
(438)
(391)
(120)
(633)
(753)
Federal Funds Purchased
Repurchase Agreements
-
-
-
-
-
-
Short TermBorrowings
14
(6)
8
(3)
(5)
(8)
Long TermBorrowings
-
(2)
(2)
(29)
(2)
(31)
TRUPS
(4)
(25)
(29)
(239)
(9)
(248)
Total Borrowed Funds
-
(11)
(11)
-
(60)
(60)
Total Interest Bearing Liabilities
10
(44)
(34)
(271)
(76)
(347)
Net Interest Income
57
(482)
(425)
(391)
(709)
(1,100)
7,108
$
(3,347)
$
3,761
$
453
$
(2,470)
$
(2,017)
$
(1)
Yields on tax exempt income have not been computed on a taxequivalent basis.
Years Ended December 31,
2014 over 2013
2013 over 2012
Increase(decrease) due to
Increase(decrease) due to
