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Security State Bank of Howard Lake

Howard Lake, MN · Cert 10206

FDIC

Q3 2011

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 2011, the quarter ended September 30, 2011, 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

Security State Bank of Howard Lake

Howard Lake, MN · Cert 10206

FDIC

Q3 2011

$79.4MAssets
$48.5MLoans
$65.2MDeposits
$8.1MEquity
Loan mix
75%RE $29.2M22%C&I $8.6M2%Consumer $0.9MQ3 2010Q3 2011
Deposit mix
76%Interest-bearing $49.6M24%Noninterest $15.7MQ3 2010Q3 2011

NIM

4.78%Q3 ’094.58%Q3 ’104.45%Q3 ’11+11%+9%

Non-interest income vs. expense

2.48%Q3 ’092.37%Q3 ’102.30%Q3 ’11-28%+27%

Executive Summary

  • Earnings: ROA of 1.25%, down 112 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Funding: loans stand at 74.36% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

1.25%-112 bps YoY

Net Interest Margin (YTD, annualized)

3.45%+28 bps YoY

Efficiency Ratio (YTD, annualized)

58.88%+79 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets2.37%0.99%0.31%0.94%1.25%-112 bps
Return on Equity23.95%10.11%3.22%9.74%12.70%-1,124 bps
Net Interest Margin3.17%3.22%3.40%3.44%3.45%+28 bps
Efficiency Ratio58.10%63.38%58.44%59.85%58.88%+79 bps
Non-Interest Burden1.46%1.74%1.72%1.81%1.85%+39 bps
Growth
Asset Growth (YoY)-0.93%-4.04%-3.29%3.25%-1.81%-88 bps
Loan Growth (YoY)-11.88%-12.61%-4.21%-4.01%-3.09%+878 bps
Deposit Growth (YoY)0.54%-3.30%1.54%6.07%-0.83%-136 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.08%2.08%0.30%0.12%0.27%-81 bps
Allowance / Loans1.65%2.17%2.56%2.57%2.47%+82 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 Capital15.33%14.83%14.55%15.01%15.62%+29 bps
Equity / Assets10.06%9.42%9.72%9.88%10.25%+20 bps
Liquidity & Funding
Loans / Deposits76.10%74.77%77.89%74.87%74.36%-174 bps
Liquid Assets / Assets12.17%9.46%6.55%10.29%9.26%-291 bps
CRE / Total Capitaln/an/an/an/an/an/an/a