PackageTrendsPeer
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Valley Bank National Association

Elk Point, SD · Cert 16385

FDIC

Q3 2008

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2008, the quarter ended September 30, 2008, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Valley Bank National Association

Elk Point, SD · Cert 16385

FDIC

Q3 2008

$83.1MAssets
$61.5MLoans
$61.6MDeposits
$18.2MEquity
Loan mix
64%RE $31.4M36%C&I $17.8M0%Consumer $0.1MQ3 2007Q3 2008
Deposit mix
61%Interest-bearing $37.6M39%Noninterest $24.0MQ3 2007Q3 2008

NIM

6.22%Q3 ’066.39%Q3 ’072.08%Q3 ’08-8%-63%

Non-interest income vs. expense

4.16%Q3 ’063.83%Q3 ’071.39%Q3 ’08-4%-64%

Executive Summary

  • Earnings: ROA of 0.32%, down 88 bps year over year; NIM at 1.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.30%.
  • Funding: loans stand at 99.82% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.32%-88 bps YoY

Net Interest Margin (YTD, annualized)

1.54%-263 bps YoY

Efficiency Ratio (YTD, annualized)

73.89%-134 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.19%1.22%1.27%0.13%0.32%-88 bps
Return on Equity11.48%11.74%12.16%0.90%1.91%-958 bps
Net Interest Margin4.16%4.11%3.94%0.54%1.54%-263 bps
Efficiency Ratio75.23%75.15%72.44%70.07%73.89%-134 bps
Non-Interest Burden2.90%2.86%2.60%0.33%1.05%-186 bps
Growth
Asset Growth (YoY)6.95%2.01%2.90%10.63%12.03%+509 bps
Loan Growth (YoY)4.49%3.91%7.38%5.07%18.11%+1,362 bps
Deposit Growth (YoY)9.06%1.77%2.76%-3.01%-0.88%-993 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%-0.09%-1.10%-0.53%-0.30%-34 bps
Allowance / Loans1.23%1.41%1.63%0.99%0.84%-39 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 Capital14.73%15.17%14.80%13.17%11.61%-313 bps
Equity / Assets10.43%10.41%10.53%22.77%21.86%+1,143 bps
Liquidity & Funding
Loans / Deposits83.78%78.05%81.03%90.44%99.82%+1,604 bps
Liquid Assets / Assets3.06%3.85%6.50%1.45%0.06%-300 bps
CRE / Total Capitaln/an/an/an/an/an/an/a