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Atwater State Bank

Atwater, MN · Cert 1396

FDIC

Q4 2012

$45.1MAssets
$31.7MLoans
$39.9MDeposits
$4.0MEquity
Loan mix
69%RE $17.9M25%C&I $6.3M6%Consumer $1.6MQ4 2011Q4 2012
Deposit mix
80%Interest-bearing $32.1M20%Noninterest $7.8MQ4 2011Q4 2012

NIM

4.93%Q4 ’104.57%Q4 ’113.90%Q4 ’12+1%-14%

Non-interest income vs. expense

3.38%Q4 ’103.33%Q4 ’113.13%Q4 ’12+14%-13%

Executive Summary

  • Earnings: ROA of 0.36%, down 9 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.70%.
  • Funding: loans stand at 79.42% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

0.36%-9 bps YoY

Net Interest Margin (quarter, annualized)

3.20%-50 bps YoY

Efficiency Ratio (quarter, annualized)

89.92%+112 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.45%0.69%0.76%0.87%0.36%-9 bps
Return on Equity5.01%7.76%8.42%9.48%4.02%-99 bps
Net Interest Margin3.69%3.47%3.51%3.55%3.20%-50 bps
Efficiency Ratio88.80%81.36%80.00%77.51%89.92%+112 bps
Non-Interest Burden3.27%2.78%2.76%2.71%2.85%-43 bps
Growth
Asset Growth (YoY)7.72%8.30%0.94%5.35%6.69%-103 bps
Loan Growth (YoY)2.37%1.06%4.06%5.18%7.00%+464 bps
Deposit Growth (YoY)10.91%8.45%0.24%5.38%5.82%-509 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.03%0.11%-0.01%0.70%+72 bps
Allowance / Loans1.50%1.55%1.46%1.43%1.22%-29 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 Capital14.71%15.63%15.51%15.40%14.87%+16 bps
Equity / Assets8.93%8.92%9.18%9.11%8.79%-13 bps
Liquidity & Funding
Loans / Deposits78.55%74.89%78.60%79.17%79.42%+88 bps
Liquid Assets / Assets15.47%14.70%12.79%12.98%13.39%-208 bps
CRE / Total Capitaln/an/an/an/an/an/an/a