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Letter portraitLegal landscapeQuarterYTD

Citizens State Bank of Kelliher

Kelliher, MN · Cert 16633

FDIC

Q4 2010

$15.5MAssets
$10.9MLoans
$13.0MDeposits
$1.5MEquity
Deposit mix
88%Interest-bearing $11.4M12%Noninterest $1.6MQ4 2009Q4 2010

NIM

6.55%Q4 ’085.84%Q4 ’095.31%Q4 ’10-3%-13%

Non-interest income vs. expense

4.08%Q4 ’084.15%Q4 ’093.65%Q4 ’10+5%-11%

Executive Summary

  • Earnings: ROA of -0.02%, up 5 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
  • Funding: loans stand at 84.15% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-0.02%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.29%-49 bps YoY

Efficiency Ratio (YTD, annualized)

97.64%+170 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.07%-0.80%-0.35%-0.31%-0.02%+5 bps
Return on Equity-0.72%-8.54%-3.74%-3.30%-0.20%+52 bps
Net Interest Margin3.78%3.29%3.28%3.30%3.29%-49 bps
Efficiency Ratio95.94%109.03%100.67%101.13%97.64%+170 bps
Non-Interest Burden3.61%3.62%3.31%3.34%3.20%-40 bps
Growth
Asset Growth (YoY)3.03%7.42%4.53%4.52%-1.60%-463 bps
Loan Growth (YoY)-8.44%-9.15%-6.96%1.24%2.79%+1,123 bps
Deposit Growth (YoY)7.93%1.29%1.85%0.18%-1.58%-950 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.75%1.07%0.55%0.33%0.22%-53 bps
Allowance / Loans1.24%1.25%1.36%1.38%1.43%+19 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 Capital15.18%15.60%16.19%15.11%15.58%+39 bps
Equity / Assets9.65%9.20%9.28%9.31%9.67%+2 bps
Liquidity & Funding
Loans / Deposits80.57%74.36%77.59%81.03%84.15%+358 bps
Liquid Assets / Assets5.85%6.45%6.61%6.66%6.87%+102 bps
CRE / Total Capitaln/an/an/an/an/an/an/a