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First State Bank of La Moure, The

La Moure, ND · Cert 13368

FDIC

Q4 2004

$95.3MAssets
$77.8MLoans
$56.7MDeposits
$10.9MEquity
Loan mix
71%RE $24.8M29%C&I $10.1M0%Consumer $0.1MQ4 2003Q4 2004
Deposit mix
79%Interest-bearing $44.7M21%Noninterest $12.1MQ4 2003Q4 2004

NIM

6.45%Q4 ’025.44%Q4 ’035.65%Q4 ’04-7%+1%

Non-interest income vs. expense

2.90%Q4 ’022.82%Q4 ’032.88%Q4 ’04-3%+6%

Executive Summary

  • Earnings: ROA of 1.13%, down 34 bps year over year; NIM at 4.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 137.20% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

1.13%-34 bps YoY

Net Interest Margin (quarter, annualized)

4.14%+4 bps YoY

Efficiency Ratio (quarter, annualized)

64.93%+210 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.47%1.37%1.59%1.43%1.13%-34 bps
Return on Equity12.76%11.63%14.05%13.07%10.07%-270 bps
Net Interest Margin4.10%4.12%4.17%4.15%4.14%+4 bps
Efficiency Ratio62.83%63.26%60.24%57.49%64.93%+210 bps
Non-Interest Burden2.53%2.57%2.44%2.34%2.67%+14 bps
Growth
Asset Growth (YoY)1.55%5.20%4.13%7.49%7.59%+605 bps
Loan Growth (YoY)4.10%5.18%6.03%10.03%11.23%+713 bps
Deposit Growth (YoY)-4.36%4.54%-5.23%-8.84%-4.34%+1 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.55%0.00%0.00%0 bps
Allowance / Loans1.35%1.30%1.06%1.10%1.23%-12 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 Capital11.74%11.44%10.69%10.63%11.26%-48 bps
Equity / Assets11.82%11.68%11.04%10.92%11.46%-35 bps
Liquidity & Funding
Loans / Deposits117.99%113.99%144.16%157.38%137.20%+1,921 bps
Liquid Assets / Assets1.26%0.13%0.06%0.02%0.04%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a