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Bremer Bank, National Association

Alexandria, MN · Cert 12915

FDIC · 8 branches

Q3 2014

$623.6MAssets
$443.5MLoans
$500.4MDeposits
$55.5MEquity
Loan mix
68%RE $234.8M20%C&I $68.5M13%Consumer $44.2MQ3 2013Q3 2014
Deposit mix
75%Interest-bearing $373.8M25%Noninterest $126.6MQ3 2013Q3 2014

NIM

3.87%Q3 ’123.48%Q3 ’133.83%Q3 ’14-8%+13%

Non-interest income vs. expense

3.22%Q3 ’123.19%Q3 ’133.06%Q3 ’14+5%-18%

Executive Summary

  • Earnings: ROA of 1.33%, up 58 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 88.63% of deposits as of Q3 2014.

Financial Results

Return on Assets (quarter, annualized)

1.33%+58 bps YoY

Net Interest Margin (quarter, annualized)

3.65%+43 bps YoY

Efficiency Ratio (quarter, annualized)

61.12%-1,267 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.75%0.75%0.89%1.02%1.33%+58 bps
Return on Equity9.51%9.58%11.59%12.72%15.34%+583 bps
Net Interest Margin3.22%3.18%3.23%3.44%3.65%+43 bps
Efficiency Ratio73.79%73.60%72.35%66.85%61.12%-1,267 bps
Non-Interest Burden2.08%2.06%2.09%1.95%1.70%-38 bps
Growth
Asset Growth (YoY)4.34%-0.49%5.31%1.10%-3.46%-780 bps
Loan Growth (YoY)3.18%-1.90%2.83%4.91%2.39%-79 bps
Deposit Growth (YoY)4.78%-1.83%-1.96%-2.63%-5.73%-1,051 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.15%0.04%0.07%0.01%-8 bps
Allowance / Loans1.68%1.64%1.68%1.58%1.61%-6 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 Capital12.42%12.13%12.35%12.03%12.43%+1 bps
Equity / Assets7.76%7.82%7.60%8.48%8.90%+113 bps
Liquidity & Funding
Loans / Deposits81.60%80.84%80.49%89.63%88.63%+703 bps
Liquid Assets / Assets13.54%9.75%8.09%3.04%2.96%-1,058 bps
CRE / Total Capitaln/an/an/an/an/an/an/a