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Clinton State Bank

Clinton, MN · Cert 1099

FDIC

Q3 2013

$67.8MAssets
$36.4MLoans
$57.5MDeposits
$7.7MEquity
Loan mix
71%RE $13.3M22%C&I $4.2M7%Consumer $1.2MQ3 2012Q3 2013
Deposit mix
83%Interest-bearing $47.8M17%Noninterest $9.7MQ3 2012Q3 2013

NIM

4.97%Q3 ’114.40%Q3 ’123.01%Q3 ’13-6%-26%

Non-interest income vs. expense

1.32%Q3 ’112.65%Q3 ’121.48%Q3 ’13+122%-48%

Executive Summary

  • Earnings: ROA of 1.58%, up 116 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 63.35% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

1.58%+116 bps YoY

Net Interest Margin (quarter, annualized)

2.86%-99 bps YoY

Efficiency Ratio (quarter, annualized)

47.75%-1,758 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.43%-3.37%1.38%1.28%1.58%+116 bps
Return on Equity3.09%-26.42%11.83%11.27%13.88%+1,079 bps
Net Interest Margin3.84%-8.83%2.73%2.79%2.86%-99 bps
Efficiency Ratio65.33%39.12%52.02%57.36%47.75%-1,758 bps
Non-Interest Burden2.44%-3.18%1.35%1.49%1.27%-117 bps
Growth
Asset Growth (YoY)3.39%-0.28%2.45%-0.14%-2.64%-603 bps
Loan Growth (YoY)-2.56%-8.79%-25.88%-25.83%-16.35%-1,379 bps
Deposit Growth (YoY)3.71%2.05%4.95%1.26%-4.45%-815 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.46%0.00%0.00%0.00%0.00%-146 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 Capital20.06%13.28%15.82%16.27%15.79%-427 bps
Equity / Assets13.44%12.08%11.30%11.48%11.35%-209 bps
Liquidity & Funding
Loans / Deposits72.36%73.67%51.64%58.24%63.35%-901 bps
Liquid Assets / Assets10.19%2.05%8.99%0.40%1.26%-893 bps
CRE / Total Capitaln/an/an/an/an/an/an/a