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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

5.40%Q4 ’035.80%Q4 ’046.47%Q4 ’05+15%+5%

Non-interest income vs. expense

2.61%Q4 ’032.46%Q4 ’042.76%Q4 ’05+4%+20%

Executive Summary

  • Earnings: ROA of 2.28%, up 58 bps year over year; NIM at 4.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 86.64% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

2.28%+58 bps YoY

Net Interest Margin (quarter, annualized)

4.84%+24 bps YoY

Efficiency Ratio (quarter, annualized)

51.11%+407 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.70%2.10%2.92%2.74%2.28%+58 bps
Return on Equity18.57%23.70%33.88%30.22%23.93%+536 bps
Net Interest Margin4.61%4.58%4.78%4.80%4.84%+24 bps
Efficiency Ratio47.04%49.61%45.63%47.30%51.11%+407 bps
Non-Interest Burden1.83%1.93%1.79%1.93%2.20%+37 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 / Loans0.06%0.00%0.16%-0.11%0.20%+15 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