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State Bank of Park Rapids

Park Rapids, MN · Cert 1406

FDIC · 1 branch

Q1 2015

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: Q1 2015, the quarter ended March 31, 2015, 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

State Bank of Park Rapids

Park Rapids, MN · Cert 1406

FDIC · 1 branch

Q1 2015

$91.0MAssets
$42.2MLoans
$74.9MDeposits
$11.3MEquity
Loan mix
65%RE $19.2M30%C&I $9.0M5%Consumer $1.4MQ2 2013Q1 2015
Deposit mix
83%Interest-bearing $62.1M17%Noninterest $12.7MQ2 2013Q1 2015

Executive Summary

  • Earnings: ROA of 1.12%, up 12 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.11%.
  • Capital: tier 1 leverage ratio of 11.43%.
  • Funding: loans stand at 56.41% of deposits as of Q1 2015.

Return on Assets (YTD, annualized)

1.12%+12 bps YoY

Net Interest Margin (YTD, annualized)

3.09%-18 bps YoY

Efficiency Ratio (YTD, annualized)

77.62%+180 bps YoY

Tier 1 Leverage Ratio

11.43%
n/a

NIM

3.79%Q1 ’133.81%Q1 ’143.60%Q1 ’15+3%-6%

Non-interest income vs. expense

2.75%Q1 ’132.86%Q1 ’142.83%Q1 ’15-8%-4%

Year to date, annualized, through each quarter.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015YoY ΔTrend
Earnings
Return on Assets1.01%1.02%1.07%1.00%1.19%1.61%1.62%1.12%+12 bps
Return on Equity9.80%10.23%10.99%10.92%12.49%16.33%15.79%9.21%-171 bps
Net Interest Margin3.05%3.07%3.02%3.27%3.08%3.26%3.25%3.09%-18 bps
Efficiency Ratio76.09%74.66%72.69%75.82%69.69%65.13%65.40%77.62%+180 bps
Non-Interest Burden2.26%2.21%2.11%2.36%2.02%1.93%1.94%2.27%-9 bps
Growth
Asset Growth (YoY)10.57%10.34%13.35%10.03%5.22%-1.31%-7.20%-8.92%-1,895 bps
Loan Growth (YoY)2.28%3.44%1.64%-0.94%-4.34%-1.44%-4.07%-3.65%-271 bps
Deposit Growth (YoY)13.78%14.04%14.30%13.21%2.69%-3.58%-7.59%-14.49%-2,770 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.85%0.60%0.38%-0.02%-0.01%0.00%0.10%-0.11%-10 bps
Allowance / Loans1.38%1.34%1.37%1.42%1.49%1.02%0.93%0.98%-44 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a11.43%n/an/a
Total Risk-Based Capital17.63%17.86%17.72%18.09%19.01%19.38%20.09%19.68%+159 bps
Equity / Assets9.42%8.88%8.93%9.44%10.17%10.87%11.97%12.36%+292 bps
Liquidity & Funding
Loans / Deposits52.30%50.27%51.94%50.06%48.72%51.38%53.92%56.41%+635 bps
Liquid Assets / Assets0.16%0.14%0.08%0.19%0.22%0.24%0.23%0.12%-7 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a