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Ormsby State Bank

Ormsby, MN · Cert 1388

FDIC · 1 branch

Q4 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2020, the quarter ended December 31, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Ormsby State Bank

Ormsby, MN · Cert 1388

FDIC · 1 branch

Q4 2020

$27.2MAssets
$10.4MLoans
$22.9MDeposits
$4.2MEquity
Loan mix
71%RE $5.5M16%C&I $1.2M13%Consumer $1.0MQ4 2019Q4 2020
Deposit mix
80%Interest-bearing $18.2M20%Noninterest $4.6MQ4 2019Q4 2020

NIM

3.54%Q4 ’183.80%Q4 ’193.20%Q4 ’20-5%-13%

Non-interest income vs. expense

2.02%Q4 ’181.86%Q4 ’192.50%Q4 ’20-10%+43%

Executive Summary

  • Earnings: ROA of 0.14%, down 107 bps year over year; NIM at 2.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 14.72%, down 100 bps from a year ago.
  • Funding: loans stand at 45.55% of deposits as of Q4 2020.

Financial Results

Return on Assets (YTD, annualized)

0.14%-107 bps YoY

Net Interest Margin (YTD, annualized)

2.49%-37 bps YoY

Efficiency Ratio (YTD, annualized)

94.96%+3,434 bps YoY

Tier 1 Leverage Ratio

14.72%-100 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020YoY ΔTrend
Earnings
Return on Assets1.21%1.07%1.18%0.83%0.14%-107 bps
Return on Equity7.87%6.59%7.10%4.96%0.84%-703 bps
Net Interest Margin2.85%2.87%2.94%2.85%2.49%-37 bps
Efficiency Ratio60.61%64.10%61.32%71.88%94.96%+3,434 bps
Non-Interest Burden1.65%1.77%1.74%2.00%2.35%+71 bps
Growth
Asset Growth (YoY)0.79%-3.33%-3.01%-2.28%1.29%+50 bps
Loan Growth (YoY)7.30%-0.37%-3.89%-11.23%-11.16%-1,846 bps
Deposit Growth (YoY)-0.88%-5.48%-2.65%-3.67%1.70%+259 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.44%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%0.00%0.00%0.00%-0.01%+2 bps
Allowance / Loans1.72%1.79%1.81%2.03%1.95%+23 bps
Allowance Coverage of NPLsn/a4.0xn/an/an/an/a
Capital
Tier 1 Leverage Ratio15.72%15.80%16.34%16.35%14.72%-100 bps
Total Risk-Based Capital31.40%29.65%16.34%16.35%14.72%-1,668 bps
Equity / Assets15.88%16.69%17.43%16.76%15.47%-41 bps
Liquidity & Funding
Loans / Deposits52.14%53.73%54.38%46.54%45.55%-660 bps
Liquid Assets / Assets27.83%26.79%25.49%31.97%33.18%+535 bps
CRE / Total Capitaln/an/an/an/an/an/an/a