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State Bank of Lucan

Lucan, MN · Cert 15890

FDIC

Q3 2011

$41.1MAssets
$20.2MLoans
$36.1MDeposits
$4.4MEquity
Loan mix
74%RE $8.0M19%C&I $2.1M7%Consumer $0.8MQ3 2010Q3 2011
Deposit mix
83%Interest-bearing $29.9M17%Noninterest $6.2MQ3 2010Q3 2011

NIM

5.20%Q3 ’094.39%Q3 ’104.00%Q3 ’11-10%+1%

Non-interest income vs. expense

2.39%Q3 ’092.48%Q3 ’102.33%Q3 ’11+3%+2%

Executive Summary

  • Earnings: ROA of 0.98%, down 8 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 56.00% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

0.98%-8 bps YoY

Net Interest Margin (quarter, annualized)

3.16%+2 bps YoY

Efficiency Ratio (quarter, annualized)

69.73%-80 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets1.06%0.66%0.64%0.92%0.98%-8 bps
Return on Equity9.48%5.96%5.95%8.56%9.06%-43 bps
Net Interest Margin3.14%3.23%3.06%3.20%3.16%+2 bps
Efficiency Ratio70.54%81.44%80.88%73.61%69.73%-80 bps
Non-Interest Burden2.11%2.58%2.44%2.28%2.15%+4 bps
Growth
Asset Growth (YoY)10.63%5.85%2.75%8.10%8.35%-228 bps
Loan Growth (YoY)4.40%0.23%0.12%1.98%-0.98%-538 bps
Deposit Growth (YoY)12.00%6.72%3.31%8.92%9.09%-291 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.18%-0.02%0.00%-0.04%-4 bps
Allowance / Loans1.25%1.13%1.21%1.23%1.24%-1 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 Capital16.85%16.75%17.30%17.63%17.70%+85 bps
Equity / Assets11.11%10.89%10.55%10.89%10.80%-32 bps
Liquidity & Funding
Loans / Deposits61.70%66.21%59.38%58.20%56.00%-569 bps
Liquid Assets / Assets7.44%8.14%7.30%6.67%4.82%-262 bps
CRE / Total Capitaln/an/an/an/an/an/an/a