PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

1st American State Bank of Minnesota

Hancock, MN · Cert 15448

FDIC

Q4 2009

$18.2MAssets
$10.8MLoans
$16.3MDeposits
$292KEquity
Deposit mix
85%Interest-bearing $14.0M15%Noninterest $2.4MQ4 2008Q4 2009

NIM

7.26%Q4 ’074.13%Q4 ’083.74%Q4 ’09-48%+32%

Non-interest income vs. expense

3.20%Q4 ’072.74%Q4 ’084.07%Q4 ’09-23%+68%

Executive Summary

  • Earnings: ROA of -3.11%, up 707 bps year over year; NIM at 2.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.33%.
  • Funding: loans stand at 66.27% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

-3.11%+707 bps YoY

Net Interest Margin (quarter, annualized)

2.30%+55 bps YoY

Efficiency Ratio (quarter, annualized)

150.00%+3,212 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-10.18%-5.20%-13.67%-5.15%-3.11%+707 bps
Return on Equity-127.00%-80.72%-284%-179.45%-156.47%-2,947 bps
Net Interest Margin1.74%1.80%1.98%2.24%2.30%+55 bps
Efficiency Ratio117.88%110.81%124.14%16900%150.00%+3,212 bps
Non-Interest Burden2.17%2.06%2.63%5.69%3.66%+148 bps
Growth
Asset Growth (YoY)-21.66%-22.13%-29.46%-29.58%-30.58%-892 bps
Loan Growth (YoY)-38.11%-39.16%-42.16%-36.91%-35.16%+295 bps
Deposit Growth (YoY)-22.72%-20.33%-27.05%-25.71%-28.41%-569 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%4.97%32.59%19.28%2.33%+195 bps
Allowance / Loans8.19%10.62%9.70%7.17%7.63%-56 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 Capital11.31%10.26%6.11%4.69%3.80%-751 bps
Equity / Assets6.74%6.11%3.33%2.36%1.61%-513 bps
Liquidity & Funding
Loans / Deposits73.17%74.83%71.88%68.78%66.27%-690 bps
Liquid Assets / Assets19.81%19.83%13.81%16.97%16.99%-282 bps
CRE / Total Capitaln/an/an/an/an/an/an/a