First State Bank Langdon

Langdon, ND · Cert 16163

FDIC

Q3 2001

$69.1MAssets

$47.1MLoans

$54.2MDeposits

$7.1MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.20%, up 3 bps year over year; NIM at 3.85%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.89%.
Funding: loans stand at 87.02% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.20%+3 bps YoY

Net Interest Margin (YTD, annualized)

3.85%

Efficiency Ratio (YTD, annualized)

62.79%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	0.78%	1.17%	1.21%	1.17%	0.95%	0.91%	1.15%	1.20%	+3 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	3.75%	3.91%	3.85%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	63.13%	62.56%	62.79%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.29%	2.36%	2.34%	n/a
Growth
Asset Growth (YoY)	1.84%	0.22%	0.71%	4.34%	4.18%	4.82%	0.22%	1.40%	-294 bps
Loan Growth (YoY)	2.88%	3.18%	3.84%	3.89%	6.68%	10.05%	10.86%	11.40%	+751 bps
Deposit Growth (YoY)	3.10%	6.53%	2.72%	4.17%	3.32%	-0.93%	-4.44%	0.18%	-398 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	1.88%	1.41%	0.89%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.91%	1.52%	1.48%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	13.80%	13.68%	13.48%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	9.37%	10.11%	10.22%	n/a
Liquidity & Funding
Loans / Deposits	73.87%	67.18%	74.95%	78.26%	76.28%	74.62%	86.95%	87.02%	+876 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.55%	1.21%	0.40%	+40 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a