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Bremer Bank, National Association

Brainerd, MN · Cert 12917

FDIC · 3 branches

Q3 2014

$364.7MAssets
$276.2MLoans
$245.8MDeposits
$37.6MEquity
Loan mix
75%RE $183.4M22%C&I $53.3M4%Consumer $9.2MQ3 2013Q3 2014
Deposit mix
78%Interest-bearing $192.3M22%Noninterest $53.5MQ3 2013Q3 2014

NIM

4.29%Q3 ’124.11%Q3 ’134.02%Q3 ’14-3%+1%

Non-interest income vs. expense

3.12%Q3 ’122.89%Q3 ’132.62%Q3 ’14-11%-15%

Executive Summary

  • Earnings: ROA of 1.66%, up 38 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 112.40% of deposits as of Q3 2014.

Financial Results

Return on Assets (quarter, annualized)

1.66%+38 bps YoY

Net Interest Margin (quarter, annualized)

3.84%+2 bps YoY

Efficiency Ratio (quarter, annualized)

52.99%-588 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets1.29%0.98%0.93%1.44%1.66%+38 bps
Return on Equity13.44%10.13%9.67%14.98%16.64%+320 bps
Net Interest Margin3.82%3.73%3.59%3.81%3.84%+2 bps
Efficiency Ratio58.87%64.61%65.56%58.84%52.99%-588 bps
Non-Interest Burden1.80%2.16%2.10%1.91%1.52%-28 bps
Growth
Asset Growth (YoY)2.62%-3.24%10.47%7.87%2.30%-32 bps
Loan Growth (YoY)9.54%3.92%5.74%4.09%2.07%-746 bps
Deposit Growth (YoY)-0.46%-6.58%-1.29%-6.84%-11.32%-1,087 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%0.10%0.00%-0.20%0.04%-28 bps
Allowance / Loans1.76%1.82%1.83%1.81%1.81%+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 Capital12.82%12.97%12.68%12.76%13.28%+46 bps
Equity / Assets9.52%9.79%9.46%9.71%10.31%+79 bps
Liquidity & Funding
Loans / Deposits97.65%98.62%99.73%111.42%112.40%+1,475 bps
Liquid Assets / Assets6.08%6.24%5.82%5.70%5.57%-51 bps
CRE / Total Capitaln/an/an/an/an/an/an/a