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Valley Bank of Belgrade

Belgrade, MT · Cert 15276

FDIC

Q4 2002

$56.6MAssets
$34.6MLoans
$47.7MDeposits
$8.1MEquity
Loan mix
50%RE $8.6M49%C&I $8.5M1%Consumer $0.1MQ4 2001Q4 2002
Deposit mix
79%Interest-bearing $37.9M21%Noninterest $9.8MQ4 2001Q4 2002

NIM

7.72%Q1 ’017.04%Q4 ’017.00%Q4 ’02-1%+9%

Non-interest income vs. expense

5.64%Q1 ’014.67%Q4 ’013.78%Q4 ’02-31%-7%

Executive Summary

  • Earnings: ROA of 0.89%, up 5 bps year over year; NIM at 5.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.74%.
  • Funding: loans stand at 72.61% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.89%+5 bps YoY

Net Interest Margin (quarter, annualized)

5.54%+45 bps YoY

Efficiency Ratio (quarter, annualized)

59.63%-1,164 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.83%1.16%1.31%0.70%0.89%+5 bps
Return on Equity5.24%7.44%8.63%4.81%6.22%+98 bps
Net Interest Margin5.09%5.11%5.37%4.90%5.54%+45 bps
Efficiency Ratio71.26%60.72%54.90%69.20%59.63%-1,164 bps
Non-Interest Burden3.21%2.75%2.58%3.15%2.98%-23 bps
Growth
Asset Growth (YoY)20.56%22.82%22.03%23.26%17.24%-332 bps
Loan Growth (YoY)31.48%25.69%17.76%3.08%0.84%-3,064 bps
Deposit Growth (YoY)24.39%27.02%33.27%29.80%20.66%-373 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%2.44%0.00%0.58%0.74%+60 bps
Allowance / Loans1.50%1.13%1.37%1.59%1.74%+24 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 Capital13.64%13.91%13.95%14.32%14.42%+78 bps
Equity / Assets15.58%15.59%14.89%14.13%14.33%-125 bps
Liquidity & Funding
Loans / Deposits86.87%81.98%80.21%72.60%72.61%-1,427 bps
Liquid Assets / Assets0.03%0.05%0.26%0.14%0.03%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a