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Rural American Bank Foley

Foley, MN · Cert 10209

FDIC

Q4 2005

$72.8MAssets
$56.7MLoans
$65.4MDeposits
$7.1MEquity
Loan mix
77%RE $24.6M23%C&I $7.3M0%Consumer $0.1MQ4 2004Q4 2005
Deposit mix
83%Interest-bearing $54.2M17%Noninterest $11.2MQ4 2004Q4 2005

NIM

5.51%Q4 ’035.66%Q4 ’046.00%Q4 ’05+13%+4%

Non-interest income vs. expense

2.47%Q4 ’032.69%Q4 ’042.54%Q4 ’05+11%-7%

Executive Summary

  • Earnings: ROA of 2.51%, up 100 bps year over year; NIM at 4.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 86.64% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

2.51%+100 bps YoY

Net Interest Margin (YTD, annualized)

4.61%+19 bps YoY

Efficiency Ratio (YTD, annualized)

48.40%-474 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.50%2.10%2.50%2.58%2.51%+100 bps
Return on Equity17.18%23.70%28.24%28.80%27.47%+1,030 bps
Net Interest Margin4.42%4.58%4.61%4.63%4.61%+19 bps
Efficiency Ratio53.14%49.61%47.55%47.47%48.40%-474 bps
Non-Interest Burden2.04%1.93%1.84%1.85%1.91%-14 bps
Growth
Asset Growth (YoY)-5.64%-2.77%3.98%3.80%4.08%+972 bps
Loan Growth (YoY)10.61%7.93%12.63%10.29%11.75%+114 bps
Deposit Growth (YoY)-6.40%-3.82%3.48%3.67%3.72%+1,012 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.00%0.08%0.01%0.06%+2 bps
Allowance / Loans0.97%0.97%0.90%0.94%1.02%+5 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 Capital12.52%11.05%11.28%12.01%12.89%+37 bps
Equity / Assets9.32%8.39%8.81%9.32%9.74%+42 bps
Liquidity & Funding
Loans / Deposits80.41%84.17%85.21%87.35%86.64%+623 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a