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Peoples State Bank of Comfrey

Comfrey, MN · Cert 12197

FDIC

Q1 2013

$15.9MAssets
$5.9MLoans
$13.8MDeposits
$2.1MEquity
Loan mix
92%RE $4.4M4%C&I $0.2M4%Consumer $0.2MQ1 2012Q1 2013
Deposit mix
81%Interest-bearing $11.2M19%Noninterest $2.6MQ1 2012Q1 2013

NIM

4.08%Q4 ’113.73%Q1 ’122.86%Q1 ’13-9%-21%

Non-interest income vs. expense

3.27%Q4 ’113.26%Q1 ’122.45%Q1 ’13-1%-28%

Executive Summary

  • Earnings: ROA of 2.29%, up 211 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 6.65%.
  • Funding: loans stand at 42.69% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

2.29%1+211 bps YoY

Net Interest Margin (quarter, annualized)

2.50%-68 bps YoY

Efficiency Ratio (quarter, annualized)

81.82%-707 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets0.18%0.75%0.44%0.11%2.29%1+211 bps
Return on Equity1.38%5.48%3.09%0.77%16.86%+1,549 bps
Net Interest Margin3.18%3.21%3.13%2.98%2.50%-68 bps
Efficiency Ratio88.89%66.67%77.78%90.83%81.82%-707 bps
Non-Interest Burden2.92%2.13%2.46%2.81%2.11%-81 bps
Growth
Asset Growth (YoY)-3.00%-10.82%-10.03%-3.55%4.18%+718 bps
Loan Growth (YoY)-7.94%-17.24%-17.74%-18.99%-13.68%-574 bps
Deposit Growth (YoY)-4.36%-12.87%-7.59%-4.10%4.46%+883 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-1.35%0.00%-1.85%-2.01%-6.65%-530 bps
Allowance / Loans1.98%2.08%2.55%3.18%4.99%+301 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 Capital19.27%20.53%20.89%22.02%22.40%+314 bps
Equity / Assets13.25%14.11%14.71%14.33%12.91%-34 bps
Liquidity & Funding
Loans / Deposits51.66%51.92%53.86%50.01%42.69%-897 bps
Liquid Assets / Assets0.40%0.39%0.34%7.25%38.52%+3,812 bps
CRE / Total Capitaln/an/an/an/an/an/an/a