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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

5.49%Q3 ’094.81%Q3 ’104.75%Q3 ’11-10%+13%

Non-interest income vs. expense

2.44%Q3 ’092.75%Q3 ’102.48%Q3 ’11-15%+3%

Executive Summary

  • Earnings: ROA of 1.19%, up 29 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 90.32% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

1.19%+29 bps YoY

Net Interest Margin (quarter, annualized)

3.96%+45 bps YoY

Efficiency Ratio (quarter, annualized)

52.29%-763 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets0.89%0.59%0.78%0.88%1.19%+29 bps
Return on Equity5.84%3.88%5.07%5.54%7.34%+150 bps
Net Interest Margin3.51%3.69%3.95%3.93%3.96%+45 bps
Efficiency Ratio59.92%67.48%59.41%59.46%52.29%-763 bps
Non-Interest Burden1.82%2.60%2.31%2.35%1.88%+6 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 / Loans1.03%0.25%0.17%0.29%0.10%-93 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