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Altura State Bank

Altura, MN · Cert 10173

FDIC · 1 branch

Q2 2016

$48.2MAssets
$29.6MLoans
$40.3MDeposits
$7.7MEquity
Loan mix
82%RE $18.5M12%C&I $2.7M6%Consumer $1.3MQ3 2014Q2 2016
Deposit mix
82%Interest-bearing $33.1M18%Noninterest $7.3MQ3 2014Q2 2016

Executive Summary

  • Earnings: ROA of 1.33%, down 41 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.54%.
  • Capital: tier 1 leverage ratio of 15.90%, up 97 bps from a year ago.
  • Funding: loans stand at 73.41% of deposits as of Q2 2016.

Return on Assets (quarter, annualized)

1.33%-41 bps YoY

Net Interest Margin (quarter, annualized)

3.49%+34 bps YoY

Efficiency Ratio (quarter, annualized)

75.12%+2,476 bps YoY

Tier 1 Leverage Ratio

15.90%+97 bps YoY

NIM

3.68%Q2 ’143.56%Q2 ’153.81%Q2 ’16-1%+11%

Non-interest income vs. expense

1.78%Q2 ’141.75%Q2 ’154.01%Q2 ’16+1%+52%

Discrete quarter, annualized.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets1.81%1.61%1.67%1.74%1.73%1.74%0.07%1.33%-41 bps
Return on Equity12.08%10.59%10.74%11.33%11.31%11.15%0.47%8.33%-300 bps
Net Interest Margin3.25%3.15%3.15%3.15%3.29%3.33%3.09%3.49%+34 bps
Efficiency Ratio50.00%55.30%51.91%50.35%52.41%52.06%97.77%75.12%+2,476 bps
Non-Interest Burden1.44%1.57%1.48%1.42%1.58%1.59%3.02%2.16%+74 bps
Growth
Asset Growth (YoY)1.02%-0.58%0.39%0.56%-2.29%1.20%-1.02%0.01%-55 bps
Loan Growth (YoY)6.39%-0.30%-0.35%1.99%1.81%2.21%3.69%0.08%-191 bps
Deposit Growth (YoY)0.60%-1.13%0.17%0.61%-2.87%1.04%-1.26%-0.04%-66 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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.54%+54 bps
Allowance / Loans0.82%0.83%0.82%0.81%0.81%0.81%0.79%0.68%-14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a15.64%14.93%15.25%15.75%15.96%15.90%+97 bps
Total Risk-Based Capital23.44%23.86%23.68%22.93%22.60%22.95%23.19%23.40%+47 bps
Equity / Assets14.96%15.45%15.73%15.03%15.55%15.73%16.04%15.99%+95 bps
Liquidity & Funding
Loans / Deposits71.53%72.88%72.96%73.32%74.97%73.73%76.62%73.41%+9 bps
Liquid Assets / Assets13.88%13.65%14.02%13.64%12.75%11.53%15.84%15.12%+149 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a