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Jasper State Bank

Jasper, MN · Cert 10563

FDIC

Q4 2005

$17.2MAssets
$10.7MLoans
$13.9MDeposits
$2.6MEquity
Loan mix
64%RE $3.0M31%C&I $1.4M5%Consumer $0.2MQ4 2004Q4 2005
Deposit mix
87%Interest-bearing $12.1M13%Noninterest $1.8MQ4 2004Q4 2005

NIM

5.86%Q4 ’036.10%Q4 ’046.10%Q4 ’05+6%-3%

Non-interest income vs. expense

4.61%Q4 ’035.39%Q4 ’043.50%Q4 ’05+30%-45%

Executive Summary

  • Earnings: ROA of 1.28%, down 387 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.30%.
  • Funding: loans stand at 77.15% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.28%-387 bps YoY

Net Interest Margin (quarter, annualized)

4.08%-11 bps YoY

Efficiency Ratio (quarter, annualized)

72.95%-4,642 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets5.15%0.43%8.10%4.80%1.28%-387 bps
Return on Equity45.31%3.66%63.20%32.84%8.52%-3,678 bps
Net Interest Margin4.19%3.97%4.12%4.42%4.08%-11 bps
Efficiency Ratio119.37%87.62%32.68%77.17%72.95%-4,642 bps
Non-Interest Burden5.06%3.38%-4.02%3.22%2.78%-228 bps
Growth
Asset Growth (YoY)-4.75%-3.61%0.70%1.61%2.26%+701 bps
Loan Growth (YoY)-13.43%-13.44%-13.68%-8.28%-6.72%+671 bps
Deposit Growth (YoY)-6.50%-4.34%-1.87%-1.99%0.27%+677 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-1.08%0.19%-0.33%-1.05%-0.30%+78 bps
Allowance / Loans4.68%5.00%4.92%3.83%4.00%-68 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 Capital16.62%17.56%19.97%21.19%21.75%+513 bps
Equity / Assets11.67%11.66%14.01%15.19%14.89%+321 bps
Liquidity & Funding
Loans / Deposits82.94%75.87%82.18%83.52%77.15%-579 bps
Liquid Assets / Assets0.05%0.04%0.05%0.05%4.08%+403 bps
CRE / Total Capitaln/an/an/an/an/an/an/a