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Heritage National Bank

North Saint Paul, MN · Cert 13810

FDIC

Q3 2009

$251.9MAssets
$189.6MLoans
$202.6MDeposits
$21.0MEquity
Loan mix
67%RE $100.8M33%C&I $49.6M0%Consumer $0.4MQ3 2008Q3 2009
Deposit mix
82%Interest-bearing $165.7M18%Noninterest $36.9MQ3 2008Q3 2009

NIM

7.02%Q3 ’075.57%Q3 ’084.65%Q3 ’09-14%-12%

Non-interest income vs. expense

3.81%Q3 ’073.51%Q3 ’083.25%Q3 ’09-25%+8%

Executive Summary

  • Earnings: ROA of 0.28%, up 14 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.77%.
  • Funding: loans stand at 93.61% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

0.28%+14 bps YoY

Net Interest Margin (quarter, annualized)

3.25%-45 bps YoY

Efficiency Ratio (quarter, annualized)

79.98%+918 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.14%-0.86%0.19%0.16%10.28%+14 bps
Return on Equity1.58%-10.10%2.22%1.86%3.32%+174 bps
Net Interest Margin3.70%3.43%3.49%3.50%3.25%-45 bps
Efficiency Ratio70.80%82.04%84.36%102.16%79.98%+918 bps
Non-Interest Burden2.26%2.71%2.86%3.59%2.44%+18 bps
Growth
Asset Growth (YoY)2.42%-0.58%-2.49%-5.23%3.14%+71 bps
Loan Growth (YoY)5.66%-1.79%-5.79%-8.07%-5.89%-1,156 bps
Deposit Growth (YoY)-2.12%-1.03%-5.05%-6.25%1.12%+324 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.65%2.06%1.71%0.65%0.77%+12 bps
Allowance / Loans1.70%1.98%1.71%1.67%1.68%-1 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 Capital11.39%11.23%11.49%11.64%11.64%+25 bps
Equity / Assets8.78%8.33%8.50%8.55%8.35%-43 bps
Liquidity & Funding
Loans / Deposits100.59%99.80%102.46%101.49%93.61%-698 bps
Liquid Assets / Assets0.02%0.25%0.06%0.92%0.04%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a