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Minnwest Bank Central

Montevideo, MN · Cert 1398

FDIC

Q1 2014

$289.3MAssets
$239.6MLoans
$240.9MDeposits
$30.8MEquity
Loan mix
84%RE $89.6M11%C&I $11.7M4%Consumer $4.8MQ1 2013Q1 2014
Deposit mix
87%Interest-bearing $208.5M13%Noninterest $32.5MQ1 2013Q1 2014

NIM

4.44%Q1 ’124.12%Q1 ’133.78%Q1 ’14+4%-6%

Non-interest income vs. expense

1.97%Q1 ’122.05%Q1 ’132.17%Q1 ’14-12%+8%

Executive Summary

  • Earnings: ROA of 1.03%, down 15 bps year over year; NIM at 3.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 99.43% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

1.03%-15 bps YoY

Net Interest Margin (YTD, annualized)

3.40%-20 bps YoY

Efficiency Ratio (YTD, annualized)

56.57%+588 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.18%1.10%1.06%1.07%1.03%-15 bps
Return on Equity11.71%10.61%10.02%10.26%9.91%-180 bps
Net Interest Margin3.60%3.68%3.67%3.71%3.40%-20 bps
Efficiency Ratio50.69%55.31%57.08%56.11%56.57%+588 bps
Non-Interest Burden1.61%1.80%1.88%1.88%1.73%+13 bps
Growth
Asset Growth (YoY)1.46%-6.00%-6.44%-4.31%-2.68%-414 bps
Loan Growth (YoY)-6.52%-10.39%-7.85%-2.30%5.41%+1,193 bps
Deposit Growth (YoY)1.58%-4.82%-2.20%-7.92%-1.68%-326 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.17%-0.11%-0.07%-0.01%0.06%+23 bps
Allowance / Loans1.37%1.44%1.42%1.21%1.26%-11 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 Capital14.02%14.31%14.18%12.45%13.12%-90 bps
Equity / Assets10.40%11.08%10.95%10.20%10.66%+26 bps
Liquidity & Funding
Loans / Deposits92.75%94.62%95.14%106.99%99.43%+668 bps
Liquid Assets / Assets12.23%9.40%8.35%5.95%6.09%-613 bps
CRE / Total Capitaln/an/an/an/an/an/an/a