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Argyle State Bank

Argyle, MN · Cert 15392

FDIC

Q2 2006

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: Q2 2006, the quarter ended June 30, 2006, 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

Argyle State Bank

Argyle, MN · Cert 15392

FDIC

Q2 2006

$20.5MAssets
$15.3MLoans
$16.8MDeposits
$2.1MEquity
Loan mix
30%RE $2.2M70%C&I $5.1M0%Consumer $0.0MQ2 2005Q2 2006
Deposit mix
78%Interest-bearing $13.0M22%Noninterest $3.8MQ2 2005Q2 2006

NIM

1.46%Q2 ’044.90%Q2 ’056.13%Q2 ’06+212%+8%

Non-interest income vs. expense

1.12%Q2 ’043.29%Q2 ’053.05%Q2 ’06+203%-13%

Executive Summary

  • Earnings: ROA of 1.50%, up 96 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.10%.
  • Funding: loans stand at 91.01% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

1.50%+96 bps YoY

Net Interest Margin (YTD, annualized)

4.24%+32 bps YoY

Efficiency Ratio (YTD, annualized)

62.90%-1,292 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.54%0.79%0.75%1.26%1.50%+96 bps
Return on Equity5.03%7.29%7.15%12.79%15.05%+1,002 bps
Net Interest Margin3.92%3.86%3.71%4.13%4.24%+32 bps
Efficiency Ratio75.82%70.86%71.76%67.67%62.90%-1,292 bps
Non-Interest Burden2.87%2.59%2.55%2.65%2.49%-38 bps
Growth
Asset Growth (YoY)14.27%9.49%14.81%8.05%6.64%-762 bps
Loan Growth (YoY)20.62%9.34%9.42%20.47%14.88%-574 bps
Deposit Growth (YoY)12.78%11.41%15.89%8.78%11.01%-176 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%0.31%-0.12%-0.10%-10 bps
Allowance / Loans1.98%2.13%2.18%1.98%1.87%-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 Capital14.92%15.03%15.54%14.04%13.82%-110 bps
Equity / Assets10.95%10.88%9.29%10.52%10.30%-65 bps
Liquidity & Funding
Loans / Deposits87.95%87.79%59.06%84.50%91.01%+306 bps
Liquid Assets / Assets2.02%1.92%1.20%1.24%1.18%-84 bps
CRE / Total Capitaln/an/an/an/an/an/an/a