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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

5.41%Q2 ’094.90%Q2 ’105.08%Q2 ’11-4%+26%

Non-interest income vs. expense

3.38%Q2 ’092.81%Q2 ’103.30%Q2 ’11+13%-16%

Executive Summary

  • Earnings: ROA of 1.02%, up 482 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 80.11% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

1.02%+482 bps YoY

Net Interest Margin (quarter, annualized)

3.93%+82 bps YoY

Efficiency Ratio (quarter, annualized)

76.19%-3,729 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets-3.81%0.63%0.87%0.96%1.02%+482 bps
Return on Equity-46.11%7.48%10.13%10.92%10.93%+5,704 bps
Net Interest Margin3.12%3.61%3.35%3.61%3.93%+82 bps
Efficiency Ratio113.48%82.10%77.86%76.14%76.19%-3,729 bps
Non-Interest Burden3.45%2.94%2.50%2.65%2.90%-55 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 / Loans6.19%-0.02%-0.04%-0.65%-0.02%-621 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