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First State Bank of Fertile

Fertile, MN · Cert 10186

FDIC · 1 branch

Q3 2015

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 2015, the quarter ended September 30, 2015, 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

First State Bank of Fertile

Fertile, MN · Cert 10186

FDIC · 1 branch

Q3 2015

$36.6MAssets
$14.0MLoans
$31.4MDeposits
$5.1MEquity
Loan mix
55%RE $5.1M24%C&I $2.2M21%Consumer $1.9MQ3 2014Q3 2015
Deposit mix
71%Interest-bearing $22.4M29%Noninterest $9.0MQ3 2014Q3 2015

NIM

3.56%Q3 ’133.61%Q3 ’143.30%Q3 ’15+3%-8%

Non-interest income vs. expense

3.06%Q3 ’133.11%Q3 ’143.15%Q3 ’15+1%+3%

Market Position · Grand Forks, ND-MN · 2015 SOD (annual) · 1.2% share · #13 of 21 inst. · $0.0B of $2.6B

Executive Summary

  • Earnings: ROA of 0.07%, down 42 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Capital: tier 1 leverage ratio of 13.68%.
  • Funding: loans stand at 44.55% of deposits as of Q3 2015.

Financial Results

Return on Assets (YTD, annualized)

0.07%-42 bps YoY

Net Interest Margin (YTD, annualized)

3.10%-27 bps YoY

Efficiency Ratio (YTD, annualized)

95.42%+962 bps YoY

Tier 1 Leverage Ratio

13.68%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.49%-0.06%0.32%0.37%0.07%-42 bps
Return on Equity3.70%-0.46%2.39%2.75%0.50%-320 bps
Net Interest Margin3.36%3.14%3.14%3.07%3.10%-27 bps
Efficiency Ratio85.80%86.91%87.58%87.38%95.42%+962 bps
Non-Interest Burden2.85%2.70%2.73%2.66%2.94%+9 bps
Growth
Asset Growth (YoY)-0.90%6.07%0.65%2.59%4.33%+523 bps
Loan Growth (YoY)5.46%1.91%-0.65%-3.47%-3.46%-892 bps
Deposit Growth (YoY)-2.80%5.59%-0.80%4.04%5.41%+820 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.98%-0.06%-0.01%0.10%+9 bps
Allowance / Loans0.56%0.86%0.95%0.90%0.93%+37 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a13.78%13.75%13.68%n/a
Total Risk-Based Capital27.89%26.23%31.56%30.84%30.53%+264 bps
Equity / Assets14.04%12.63%13.94%13.78%13.95%-10 bps
Liquidity & Funding
Loans / Deposits48.64%42.68%42.17%44.38%44.55%-409 bps
Liquid Assets / Assets23.30%21.00%33.30%31.85%31.60%+830 bps
CRE / Total Capitaln/an/an/an/an/an/an/a