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American State Bank of Erskine

Erskine, MN · Cert 10204

FDIC · 1 branch

Q2 2014

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: Q2 2014, the quarter ended June 30, 2014, 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

American State Bank of Erskine

Erskine, MN · Cert 10204

FDIC · 1 branch

Q2 2014

$24.3MAssets
$10.4MLoans
$20.8MDeposits
$3.5MEquity
Loan mix
69%RE $4.9M18%C&I $1.3M13%Consumer $0.9MQ2 2013Q2 2014
Deposit mix
74%Interest-bearing $15.4M26%Noninterest $5.5MQ2 2013Q2 2014

NIM

3.42%Q2 ’123.35%Q2 ’133.17%Q2 ’14+0%-4%

Non-interest income vs. expense

2.82%Q2 ’122.97%Q2 ’132.83%Q2 ’14+15%-10%

Market Position · Grand Forks, ND-MN · 2014 SOD (annual) · 0.8% share · #15 of 21 inst. · $0.0B of $2.5B

Executive Summary

  • Earnings: ROA of 0.80%, up 18 bps year over year; NIM at 3.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 49.71% of deposits as of Q2 2014.

Financial Results

Return on Assets (YTD, annualized)

0.80%+18 bps YoY

Net Interest Margin (YTD, annualized)

3.06%-12 bps YoY

Efficiency Ratio (YTD, annualized)

77.75%-351 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.63%0.65%0.63%0.74%0.80%+18 bps
Return on Equity4.44%4.63%4.51%5.43%5.83%+139 bps
Net Interest Margin3.18%3.25%3.25%3.06%3.06%-12 bps
Efficiency Ratio81.26%80.60%81.07%79.19%77.75%-351 bps
Non-Interest Burden2.50%2.52%2.54%2.31%2.25%-25 bps
Growth
Asset Growth (YoY)1.34%-1.53%-2.03%1.35%-1.29%-263 bps
Loan Growth (YoY)-0.81%1.39%-0.93%-0.33%-2.59%-177 bps
Deposit Growth (YoY)2.44%-0.61%-1.00%2.43%-2.07%-451 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.83%0.99%0.72%0.00%0.08%-75 bps
Allowance / Loans1.62%1.31%1.32%1.47%1.39%-23 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital28.96%29.20%28.29%30.07%30.28%+132 bps
Equity / Assets13.49%13.94%13.65%13.54%14.24%+75 bps
Liquidity & Funding
Loans / Deposits49.97%53.36%53.92%46.78%49.71%-26 bps
Liquid Assets / Assets13.44%14.07%13.86%13.29%12.60%-84 bps
CRE / Total Capitaln/an/an/an/an/an/an/a