Citizens State Bank of St. James

Saint James, MN · Cert 14741

FDIC

Q2 2001

$61.4MAssets

$48.5MLoans

$53.1MDeposits

$4.9MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 2.76%, up 64 bps year over year; NIM at 4.52%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
Funding: loans stand at 91.17% of deposits as of Q2 2001.

Return on Assets (quarter, annualized)

2.76%+64 bps YoY

Net Interest Margin (quarter, annualized)

4.52%

Efficiency Ratio (quarter, annualized)

42.91%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	2.26%	2.26%	2.01%	2.12%	2.16%	2.13%	1.72%	2.76%	+64 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	34.13%	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	3.95%	4.52%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	53.49%	42.91%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	1.88%	1.64%	n/a
Growth
Asset Growth (YoY)	4.48%	0.33%	3.99%	12.84%	10.68%	16.36%	8.40%	0.73%	-1,211 bps
Loan Growth (YoY)	-1.30%	-2.24%	6.23%	8.12%	13.59%	15.28%	15.49%	11.09%	+297 bps
Deposit Growth (YoY)	1.31%	0.58%	5.24%	10.92%	9.10%	17.17%	7.52%	7.85%	-307 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	0.17%	0.02%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	0.93%	0.94%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	11.09%	11.04%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	8.18%	7.98%	n/a
Liquidity & Funding
Loans / Deposits	86.11%	84.86%	84.10%	88.52%	89.65%	83.49%	90.34%	91.17%	+266 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.03%	0.04%	+4 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a