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Canton State Bank

Canton, MN · Cert 16286

FDIC

Q2 2011

$25.5MAssets
$18.4MLoans
$22.9MDeposits
$2.4MEquity
Loan mix
68%RE $9.7M24%C&I $3.4M8%Consumer $1.1MQ2 2010Q2 2011
Deposit mix
85%Interest-bearing $19.6M15%Noninterest $3.4MQ2 2010Q2 2011

NIM

5.40%Q2 ’094.95%Q2 ’105.05%Q2 ’11-2%+22%

Non-interest income vs. expense

3.27%Q2 ’092.82%Q2 ’103.24%Q2 ’110%-4%

Executive Summary

  • Earnings: ROA of 0.99%, up 251 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.34%.
  • Funding: loans stand at 80.11% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

0.99%+251 bps YoY

Net Interest Margin (YTD, annualized)

3.86%+70 bps YoY

Efficiency Ratio (YTD, annualized)

76.16%-1,694 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-1.52%-0.83%-0.42%0.96%0.99%+251 bps
Return on Equity-18.42%-9.97%-5.07%10.92%10.92%+2,934 bps
Net Interest Margin3.15%3.41%3.40%3.61%3.86%+70 bps
Efficiency Ratio93.10%89.02%85.95%76.14%76.16%-1,694 bps
Non-Interest Burden2.94%3.04%2.91%2.65%2.84%-10 bps
Growth
Asset Growth (YoY)2.30%-4.92%-8.16%-12.76%-10.04%-1,234 bps
Loan Growth (YoY)-3.01%-1.93%-0.79%-0.28%-2.37%+64 bps
Deposit Growth (YoY)2.94%-4.84%-8.26%-13.40%-11.33%-1,427 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.08%2.09%1.55%-0.65%-0.34%-342 bps
Allowance / Loans1.45%1.50%1.51%1.67%1.69%+24 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 Capital11.42%11.92%12.23%12.75%13.11%+169 bps
Equity / Assets8.08%8.68%8.47%9.17%9.47%+140 bps
Liquidity & Funding
Loans / Deposits72.76%76.76%75.76%80.41%80.11%+735 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a