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First National Bank

La Crescent, MN · Cert 11600

FDIC

Q1 2003

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: Q1 2003, the quarter ended March 31, 2003, 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

First National Bank

La Crescent, MN · Cert 11600

FDIC

Q1 2003

$8.4MAssets
$1.7MLoans
$7.1MDeposits
$1.3MEquity
Loan mix
85%RE $1.3M14%C&I $0.2M1%Consumer $0.0MQ1 2002Q1 2003
Deposit mix
90%Interest-bearing $6.4M10%Noninterest $0.7MQ1 2002Q1 2003

NIM

6.84%Q1 ’015.91%Q1 ’022.49%Q1 ’03+43%-84%

Non-interest income vs. expense

5.86%Q1 ’018.39%Q1 ’027.32%Q1 ’03+50%-13%

Executive Summary

  • Earnings: ROA of -5.58%, down 279 bps year over year; NIM at 0.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 24.44% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

-5.58%-279 bps YoY

Net Interest Margin (YTD, annualized)

0.73%-374 bps YoY

Efficiency Ratio (YTD, annualized)

470%+31,556 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets-2.79%-2.64%-2.69%-2.89%-5.58%-279 bps
Return on Equity-10.19%-10.07%-10.92%-12.54%-33.90%-2,370 bps
Net Interest Margin4.47%4.41%3.62%2.86%0.73%-374 bps
Efficiency Ratio154.44%161.90%174.15%193.77%470%+31,556 bps
Non-Interest Burden7.42%7.92%7.22%6.53%6.49%-93 bps
Growth
Asset Growth (YoY)-20.72%-0.16%13.20%30.60%52.44%+7,316 bps
Loan Growth (YoY)-1.39%-0.34%-1.70%-28.23%-49.30%-4,791 bps
Deposit Growth (YoY)-23.63%4.83%22.49%63.89%79.46%+10,309 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%1.53%1.69%2.05%3.06%+160 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 Capital45.34%41.40%40.23%42.22%47.43%+209 bps
Equity / Assets27.98%24.08%20.61%17.92%15.14%-1,284 bps
Liquidity & Funding
Loans / Deposits86.50%73.24%56.07%40.88%24.44%-6,206 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a