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First State Bank of Sharon

Sharon, ND · Cert 15776

FDIC · 3 branches

Q1 2017

$40.3MAssets
$21.9MLoans
$36.2MDeposits
$4.0MEquity
Loan mix
52%RE $5.6M41%C&I $4.4M7%Consumer $0.7MQ1 2016Q1 2017
Deposit mix
77%Interest-bearing $28.0M23%Noninterest $8.2MQ1 2016Q1 2017

NIM

3.58%Q1 ’153.96%Q1 ’163.67%Q1 ’17+11%-7%

Non-interest income vs. expense

2.70%Q1 ’152.48%Q1 ’162.66%Q1 ’17-9%+7%

Executive Summary

  • Earnings: ROA of 0.65%, down 25 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.36% of loans (+36 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 9.51%, up 96 bps from a year ago.
  • Funding: loans stand at 60.48% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

0.65%-25 bps YoY

Net Interest Margin (YTD, annualized)

3.41%-24 bps YoY

Efficiency Ratio (YTD, annualized)

73.37%+910 bps YoY

Tier 1 Leverage Ratio

9.51%+96 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.91%0.91%0.93%0.95%0.65%-25 bps
Return on Equity10.22%9.95%9.86%9.90%6.45%-377 bps
Net Interest Margin3.65%3.81%3.78%3.92%3.41%-24 bps
Efficiency Ratio64.27%63.59%63.72%63.60%73.37%+910 bps
Non-Interest Burden2.26%2.32%2.31%2.37%2.42%+16 bps
Growth
Asset Growth (YoY)3.13%1.93%-11.58%-17.79%-4.23%-737 bps
Loan Growth (YoY)21.17%15.32%-4.87%-18.93%-13.66%-3,482 bps
Deposit Growth (YoY)-4.39%-4.15%-6.36%-1.39%2.60%+699 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.36%+36 bps
Net Charge-Offs / Loans0.00%-0.01%0.00%0.00%0.04%+4 bps
Allowance / Loans1.90%1.77%1.82%2.07%2.41%+51 bps
Allowance Coverage of NPLsn/an/an/an/a6.7xn/an/a
Capital
Tier 1 Leverage Ratio8.56%9.46%9.44%9.89%9.51%+96 bps
Total Risk-Based Capital14.32%14.26%14.47%15.48%15.27%+95 bps
Equity / Assets9.60%9.83%10.07%10.39%9.87%+27 bps
Liquidity & Funding
Loans / Deposits71.86%83.09%86.54%71.11%60.48%-1,138 bps
Liquid Assets / Assets12.21%11.36%11.41%12.11%10.89%-132 bps
CRE / Total Capitaln/an/an/an/an/an/an/a