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First State Bank of Alexandria-Carlos

Alexandria, MN · Cert 10207

FDIC

Q3 2011

$110.6MAssets
$83.4MLoans
$92.3MDeposits
$18.0MEquity
Loan mix
71%RE $46.7M23%C&I $14.8M6%Consumer $4.2MQ3 2010Q3 2011
Deposit mix
84%Interest-bearing $77.3M16%Noninterest $15.0MQ3 2010Q3 2011

NIM

5.53%Q3 ’094.95%Q3 ’104.89%Q3 ’11-6%+10%

Non-interest income vs. expense

2.53%Q3 ’092.58%Q3 ’102.59%Q3 ’11-9%+11%

Executive Summary

  • Earnings: ROA of 0.94%, up 5 bps year over year; NIM at 4.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 90.32% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

0.94%+5 bps YoY

Net Interest Margin (YTD, annualized)

4.01%+38 bps YoY

Efficiency Ratio (YTD, annualized)

56.96%-217 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 Assets0.90%0.82%0.78%0.83%0.94%+5 bps
Return on Equity5.76%5.29%5.07%5.30%5.98%+22 bps
Net Interest Margin3.63%3.66%3.95%3.98%4.01%+38 bps
Efficiency Ratio59.12%60.97%59.41%59.44%56.96%-217 bps
Non-Interest Burden1.99%2.15%2.31%2.35%2.21%+22 bps
Growth
Asset Growth (YoY)4.02%3.36%0.34%-4.83%-5.54%-956 bps
Loan Growth (YoY)-9.01%-7.13%-6.69%-5.20%-2.90%+611 bps
Deposit Growth (YoY)11.29%6.92%1.07%-3.70%-5.58%-1,687 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%0.30%0.17%0.23%0.19%-13 bps
Allowance / Loans1.21%1.20%1.27%1.29%1.32%+11 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 Capital11.77%11.74%11.90%12.39%12.81%+104 bps
Equity / Assets15.28%15.27%15.59%16.10%16.23%+95 bps
Liquidity & Funding
Loans / Deposits87.83%87.41%92.72%91.25%90.32%+249 bps
Liquid Assets / Assets0.01%0.01%0.01%0.23%0.23%+22 bps
CRE / Total Capitaln/an/an/an/an/an/an/a