Storden, MN · Cert 10961
FDIC
Q2 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2008, the quarter ended June 30, 2008, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Storden, MN · Cert 10961
FDIC
Q2 2008
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.32% | 0.94% | -3.75% | -1.86% | -1.10% | -1.38% | 1.16% | 1.31% | +318 bps | |
| Return on Equity | 10.15% | 7.48% | -33.43% | -16.49% | -9.56% | -12.38% | 11.05% | 12.24% | +2,873 bps | |
| Net Interest Margin | 3.25% | 3.06% | 2.55% | 2.62% | 2.71% | 2.72% | 2.88% | 3.42% | +80 bps | |
| Efficiency Ratio | 68.86% | 67.25% | 90.00% | 86.58% | 86.73% | 81.24% | 69.18% | 66.21% | -2,037 bps | |
| Non-Interest Burden | 1.90% | 1.72% | 2.21% | 2.14% | 2.21% | 2.01% | 1.62% | 2.06% | -8 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.55% | -0.76% | -5.59% | -6.32% | -9.80% | 5.34% | 4.01% | 7.96% | +1,428 bps | |
| Loan Growth (YoY) | 13.18% | -5.71% | -10.54% | -12.75% | -9.98% | 6.25% | 6.53% | 8.31% | +2,106 bps | |
| Deposit Growth (YoY) | -1.25% | 1.75% | 2.56% | 8.09% | 9.11% | 12.51% | 8.17% | 11.69% | +360 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | -0.01% | 0.30% | 9.04% | 5.57% | 3.65% | 2.67% | -0.76% | -0.39% | -596 bps | |
| Allowance / Loans | 2.29% | 2.95% | 2.39% | 2.25% | 2.25% | 3.49% | 3.61% | 3.68% | +143 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 16.06% | 14.23% | 13.63% | 13.40% | 14.09% | 11.70% | 12.61% | 12.89% | -51 bps | |
| Equity / Assets | 12.80% | 11.00% | 11.46% | 11.50% | 12.33% | 9.70% | 11.37% | 11.23% | -27 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 87.22% | 64.48% | 74.92% | 69.92% | 71.96% | 60.89% | 73.78% | 67.81% | -212 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.73% | 0.49% | 2.02% | 8.24% | 17.27% | 16.47% | +1,598 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |