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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 $6.2MQ2 2000Q1 2002
Deposit mix
94%Interest-bearing $509.7M6%Noninterest $33.7MQ2 2000Q1 2002

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.

Return on Assets (YTD, annualized)

0.36%-155 bps YoY

Net Interest Margin (YTD, annualized)

1.23%-325 bps YoY

Efficiency Ratio (YTD, annualized)

57.96%-471 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

7.95%Q1 ’011.51%Q1 ’02-73%

Non-interest income vs. expense

3.43%Q1 ’011.02%Q1 ’02-70%

Year to date, annualized, through each quarter.

MetricQ2 2000Q3 2000Q4 2000Q1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.54%1.59%1.44%1.92%2.00%2.28%2.30%0.36%-155 bps
Return on Equityn/an/an/an/an/an/an/a2.56%n/an/a
Net Interest Marginn/an/an/a4.48%4.49%4.53%4.68%1.23%-325 bps
Efficiency Ration/an/an/a62.67%63.87%61.41%61.93%57.96%-471 bps
Non-Interest Burdenn/an/an/a2.44%2.47%2.35%2.46%0.73%-171 bps
Growth
Asset Growth (YoY)25.75%17.72%15.09%6.51%4.22%4.05%-3.14%13.64%+713 bps
Loan Growth (YoY)23.37%21.16%22.84%13.35%3.11%-3.07%-10.27%-15.10%-2,844 bps
Deposit Growth (YoY)28.04%15.11%16.91%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a0.50%0.37%0.31%0.23%-0.03%-53 bps
Allowance / Loansn/an/an/a1.05%1.10%1.12%1.17%1.75%+70 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capitaln/an/an/a10.63%10.67%11.81%10.73%9.24%-140 bps
Equity / Assetsn/an/an/a8.04%8.05%8.86%7.54%20.10%+1,206 bps
Liquidity & Funding
Loans / Deposits84.97%89.72%89.09%96.24%89.79%85.45%81.92%77.98%-1,827 bps
Liquid Assets / Assets0.00%0.00%0.00%1.96%2.07%2.12%2.33%0.00%-196 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a