PackageTrendsPeer
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Jennings State Bank

Spring Grove, MN · Cert 11416

FDIC

Q3 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2009, the quarter ended September 30, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Jennings State Bank

Spring Grove, MN · Cert 11416

FDIC

Q3 2009

$52.3MAssets
$31.2MLoans
$50.8MDeposits
$1.0MEquity
Loan mix
81%RE $18.7M18%C&I $4.2M1%Consumer $0.3MQ3 2008Q3 2009
Deposit mix
87%Interest-bearing $44.2M13%Noninterest $6.6MQ3 2008Q3 2009

NIM

7.36%Q3 ’075.53%Q3 ’084.43%Q3 ’09-19%-27%

Non-interest income vs. expense

5.37%Q3 ’075.96%Q3 ’086.56%Q3 ’09+12%+11%

Executive Summary

  • Earnings: ROA of -5.04%, down 177 bps year over year; NIM at 2.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.20%.
  • Funding: loans stand at 61.49% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-5.04%-177 bps YoY

Net Interest Margin (YTD, annualized)

2.37%-88 bps YoY

Efficiency Ratio (YTD, annualized)

215%+6,303 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-3.27%-2.54%-3.80%-5.62%-5.04%-177 bps
Return on Equity-41.79%-34.13%-73.10%-129.20%-134.11%-9,231 bps
Net Interest Margin3.25%3.30%2.58%2.34%2.37%-88 bps
Efficiency Ratio151.61%152.31%186.10%241%215%+6,303 bps
Non-Interest Burden5.27%5.39%5.26%6.25%5.87%+60 bps
Growth
Asset Growth (YoY)-12.13%1.74%20.29%16.67%3.62%+1,575 bps
Loan Growth (YoY)-9.37%-6.60%-10.21%-11.25%-13.04%-368 bps
Deposit Growth (YoY)-10.68%4.64%26.33%23.28%8.15%+1,883 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.70%2.07%2.91%2.75%2.20%-50 bps
Allowance / Loans3.30%3.64%3.96%4.40%5.02%+172 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 Capital7.66%7.06%5.69%2.22%-0.09%-775 bps
Equity / Assets6.10%6.01%4.46%2.72%1.92%-419 bps
Liquidity & Funding
Loans / Deposits76.48%74.14%61.36%61.01%61.49%-1,499 bps
Liquid Assets / Assets2.04%1.97%1.30%1.33%1.40%-63 bps
CRE / Total Capitaln/an/an/an/an/an/an/a