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North American State Bank

Belgrade, MN · Cert 10179

FDIC · 3 branches

Q3 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2018, the quarter ended September 30, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

North American State Bank

Belgrade, MN · Cert 10179

FDIC · 3 branches

Q3 2018

$96.8MAssets
$64.6MLoans
$84.2MDeposits
$12.4MEquity
Loan mix
75%RE $28.0M22%C&I $8.0M3%Consumer $1.2MQ3 2017Q3 2018
Deposit mix
76%Interest-bearing $63.7M24%Noninterest $20.5MQ3 2017Q3 2018

NIM

3.92%Q3 ’163.87%Q3 ’174.18%Q3 ’18-1%+9%

Non-interest income vs. expense

3.09%Q3 ’162.99%Q3 ’173.26%Q3 ’18-4%+9%

Market Position · St. Cloud, MN · 2018 SOD (annual) · 1.1% share · #20 of 30 inst. · $0.1B of $5.2B

1.2% Stearns
2.3% Kandiyohi

Executive Summary

  • Earnings: ROA of 0.87%, up 19 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 2.15% of loans (+152 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 13.18%, up 122 bps from a year ago.
  • Funding: loans stand at 76.71% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

0.87%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.73%+31 bps YoY

Efficiency Ratio (YTD, annualized)

81.53%+8 bps YoY

Tier 1 Leverage Ratio

13.18%+122 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.68%0.90%0.48%0.80%0.87%+19 bps
Return on Equity5.76%7.53%3.93%6.43%6.92%+116 bps
Net Interest Margin3.41%3.37%3.48%3.55%3.73%+31 bps
Efficiency Ratio81.44%82.73%86.84%84.06%81.53%+8 bps
Non-Interest Burden2.73%2.75%2.99%2.94%2.99%+26 bps
Growth
Asset Growth (YoY)6.06%2.27%1.84%-4.94%-6.56%-1,263 bps
Loan Growth (YoY)0.46%4.71%-1.48%1.95%-1.21%-167 bps
Deposit Growth (YoY)6.97%4.36%6.63%-1.62%-3.61%-1,059 bps
Asset Quality
Nonperforming Loans / Loans0.62%0.44%0.62%2.24%2.15%+152 bps
Net Charge-Offs / Loans-0.21%-0.33%0.00%0.00%-0.01%+20 bps
Allowance / Loans2.49%2.27%2.40%2.15%2.14%-35 bps
Allowance Coverage of NPLs4.0x5.1x3.9x1.0x1.0x-3.0x
Capital
Tier 1 Leverage Ratio11.96%12.00%12.65%12.91%13.18%+122 bps
Total Risk-Based Capital18.02%18.51%18.87%19.72%20.13%+211 bps
Equity / Assets11.63%12.23%12.14%12.83%12.85%+121 bps
Liquidity & Funding
Loans / Deposits74.85%76.72%70.70%77.32%76.71%+187 bps
Liquid Assets / Assets19.51%12.57%17.07%11.24%12.62%-689 bps
CRE / Total Capitaln/an/an/an/an/an/an/a