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Richfield Bank & Trust Company

Richfield, MN · Cert 16538

FDIC

Q1 2002

$766.7MAssets
$423.7MLoans
$543.4MDeposits
$154.1MEquity
Loan mix
47%RE $129.1M51%C&I $139.8M2%Consumer $6.2MQ1 2001Q1 2002
Deposit mix
94%Interest-bearing $509.7M6%Noninterest $33.7MQ1 2001Q1 2002

NIM

7.95%Q1 ’011.51%Q1 ’02-73%

Non-interest income vs. expense

3.43%Q1 ’011.02%Q1 ’02-70%

Executive Summary

  • Earnings: ROA of 0.36%, down 155 bps year over year; NIM at 1.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 77.98% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.36%-155 bps YoY

Net Interest Margin (quarter, annualized)

1.23%-325 bps YoY

Efficiency Ratio (quarter, annualized)

57.96%-471 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.92%2.11%2.83%2.34%0.36%-155 bps
Return on Equityn/a26.25%33.51%28.51%2.56%n/a
Net Interest Margin4.48%4.54%4.76%5.21%1.23%-325 bps
Efficiency Ratio62.67%65.01%56.87%63.28%57.96%-471 bps
Non-Interest Burden2.44%2.53%2.18%2.84%0.73%-171 bps
Growth
Asset Growth (YoY)6.51%4.22%4.05%-3.14%13.64%+713 bps
Loan Growth (YoY)13.35%3.11%-3.07%-10.27%-15.10%-2,844 bps
Deposit Growth (YoY)3.23%-2.42%1.77%-2.41%4.79%+156 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.50%0.23%0.16%-0.06%-0.03%-53 bps
Allowance / Loans1.05%1.10%1.12%1.17%1.75%+70 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 Capital10.63%10.67%11.81%10.73%9.24%-140 bps
Equity / Assets8.04%8.05%8.86%7.54%20.10%+1,206 bps
Liquidity & Funding
Loans / Deposits96.24%89.79%85.45%81.92%77.98%-1,827 bps
Liquid Assets / Assets1.96%2.07%2.12%2.33%0.00%-196 bps
CRE / Total Capitaln/an/an/an/an/an/an/a