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State Bank of Streeter

Streeter, ND · Cert 15040

FDIC

Q3 2006

$8.5MAssets
$5.6MLoans
$7.0MDeposits
$1.1MEquity
Deposit mix
84%Interest-bearing $5.9M16%Noninterest $1.1MQ3 2005Q3 2006

NIM

4.92%Q3 ’045.59%Q3 ’05-8.78%Q3 ’06+5%-267%

Non-interest income vs. expense

3.73%Q3 ’042.93%Q3 ’05-4.57%Q3 ’06-20%-260%

Executive Summary

  • Earnings: ROA of -2.37%, down 373 bps year over year; NIM at -6.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 79.86% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

-2.37%-373 bps YoY

Net Interest Margin (quarter, annualized)

-6.63%-1,059 bps YoY

Efficiency Ratio (quarter, annualized)

64.58%-389 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.35%-0.42%1.28%1.90%-2.37%-373 bps
Return on Equity8.89%-2.83%8.66%11.91%-15.95%-2,484 bps
Net Interest Margin3.96%4.03%4.06%4.25%-6.63%-1,059 bps
Efficiency Ratio68.48%107.37%71.28%58.24%64.58%-389 bps
Non-Interest Burden2.61%4.35%2.78%2.37%-4.16%-677 bps
Growth
Asset Growth (YoY)9.23%1.32%-2.99%-10.54%-0.80%-1,003 bps
Loan Growth (YoY)8.66%5.16%-2.14%5.03%-6.15%-1,481 bps
Deposit Growth (YoY)10.88%3.01%-2.39%-11.52%1.74%-914 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.72%0.74%0.83%0.76%0.77%+5 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 Capital19.72%18.99%21.08%21.03%11.46%-825 bps
Equity / Assets15.35%14.46%15.14%16.75%13.18%-217 bps
Liquidity & Funding
Loans / Deposits86.57%82.16%75.27%90.54%79.86%-671 bps
Liquid Assets / Assets13.96%9.28%7.14%6.41%3.51%-1,044 bps
CRE / Total Capitaln/an/an/an/an/an/an/a