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Security State Bank

Dunseith, ND · Cert 11518

FDIC

Q3 2011

$62.4MAssets
$36.9MLoans
$57.0MDeposits
$4.8MEquity
Loan mix
59%RE $15.7M11%C&I $2.9M30%Consumer $7.9MQ3 2010Q3 2011
Deposit mix
81%Interest-bearing $46.5M19%Noninterest $10.6MQ3 2010Q3 2011

NIM

5.17%Q3 ’094.77%Q3 ’104.19%Q3 ’11-4%-7%

Non-interest income vs. expense

3.78%Q3 ’093.43%Q3 ’103.35%Q3 ’11-7%-5%

Executive Summary

  • Earnings: ROA of 0.86%, up 34 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 64.75% of deposits as of Q3 2011.

Financial Results

Return on Assets (YTD, annualized)

0.86%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.24%-25 bps YoY

Efficiency Ratio (YTD, annualized)

86.27%+211 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets0.52%0.55%0.37%0.42%0.86%+34 bps
Return on Equity6.77%7.26%5.20%5.86%11.79%+502 bps
Net Interest Margin3.49%3.37%3.02%3.11%3.24%-25 bps
Efficiency Ratio84.16%83.11%88.91%87.29%86.27%+211 bps
Non-Interest Burden2.88%2.74%2.65%2.67%2.74%-14 bps
Growth
Asset Growth (YoY)12.73%8.97%9.50%3.65%5.44%-729 bps
Loan Growth (YoY)2.72%2.83%-3.06%-5.35%-2.60%-532 bps
Deposit Growth (YoY)13.82%9.60%10.33%3.98%5.70%-812 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.16%-0.08%-0.05%-0.01%0.00%+16 bps
Allowance / Loans1.47%1.47%1.64%1.58%1.12%-35 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 Capital12.25%12.49%12.44%12.57%12.56%+31 bps
Equity / Assets7.74%7.49%6.76%7.40%7.67%-7 bps
Liquidity & Funding
Loans / Deposits70.27%66.56%56.86%63.53%64.75%-552 bps
Liquid Assets / Assets0.22%0.22%0.59%0.62%0.42%+21 bps
CRE / Total Capitaln/an/an/an/an/an/an/a