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United Southwest Bank

Cottonwood, MN · Cert 10208

FDIC · 4 branches

Q3 2021

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 2021, the quarter ended September 30, 2021, 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

United Southwest Bank

Cottonwood, MN · Cert 10208

FDIC · 4 branches

Q3 2021

$58.7MAssets
$11.7MLoans
$54.6MDeposits
$4.0MEquity
Loan mix
67%RE $3.5M17%C&I $0.9M16%Consumer $0.8MQ3 2020Q3 2021
Deposit mix
59%Interest-bearing $32.4M41%Noninterest $22.3MQ3 2020Q3 2021

NIM

3.27%Q3 ’192.70%Q3 ’201.38%Q3 ’21-17%-48%

Non-interest income vs. expense

2.59%Q3 ’192.41%Q3 ’201.97%Q3 ’21-7%-32%

Executive Summary

  • Earnings: ROA of -0.23%, down 45 bps year over year; NIM at 1.29%.
  • Asset quality: problem loans at 1.65% of loans (+45 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 6.70%, down 141 bps from a year ago.
  • Funding: loans stand at 21.43% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

-0.23%-45 bps YoY

Net Interest Margin (YTD, annualized)

1.29%-120 bps YoY

Efficiency Ratio (YTD, annualized)

113.12%+2,233 bps YoY

Tier 1 Leverage Ratio

6.70%-141 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.22%0.11%0.27%-0.04%-0.23%-45 bps
Return on Equity2.63%1.35%3.78%-0.63%-3.34%-597 bps
Net Interest Margin2.49%2.23%1.41%1.28%1.29%-120 bps
Efficiency Ratio90.79%93.71%87.65%102.09%113.12%+2,233 bps
Non-Interest Burden2.25%2.08%1.13%1.32%1.52%-73 bps
Growth
Asset Growth (YoY)6.22%9.20%26.07%20.19%16.40%+1,018 bps
Loan Growth (YoY)-3.75%-12.37%-27.48%-27.51%-29.64%-2,589 bps
Deposit Growth (YoY)6.78%10.02%28.65%22.52%18.46%+1,168 bps
Asset Quality
Nonperforming Loans / Loans1.20%0.08%0.03%1.75%1.65%+45 bps
Net Charge-Offs / Loans0.18%0.14%0.00%0.00%0.00%-18 bps
Allowance / Loans1.86%1.99%2.59%2.54%2.68%+82 bps
Allowance Coverage of NPLs1.6x24.1x78.5x1.4x1.6x+0.1x
Capital
Tier 1 Leverage Ratio8.11%7.52%7.07%6.67%6.70%-141 bps
Total Risk-Based Capital16.81%17.39%17.43%17.41%17.45%+64 bps
Equity / Assets8.30%7.47%6.83%6.91%6.78%-152 bps
Liquidity & Funding
Loans / Deposits36.07%30.78%21.64%22.67%21.43%-1,464 bps
Liquid Assets / Assets20.65%13.92%41.89%42.51%41.72%+2,107 bps
CRE / Total Capitaln/an/an/an/an/an/an/a