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Lakeside State Bank

New Town, ND · Cert 17165

FDIC · 5 branches

Q4 2014

$442.2MAssets
$156.3MLoans
$415.9MDeposits
$25.5MEquity
Loan mix
48%RE $39.5M36%C&I $29.4M16%Consumer $12.7MQ4 2013Q4 2014
Deposit mix
70%Interest-bearing $293.0M30%Noninterest $122.9MQ4 2013Q4 2014

NIM

2.54%Q4 ’122.19%Q4 ’132.29%Q4 ’14-12%+6%

Non-interest income vs. expense

1.25%Q4 ’121.07%Q4 ’130.99%Q4 ’14-13%-6%

Executive Summary

  • Earnings: ROA of 1.48%, up 29 bps year over year; NIM at 2.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 37.59% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

1.48%+29 bps YoY

Net Interest Margin (YTD, annualized)

2.17%+13 bps YoY

Efficiency Ratio (YTD, annualized)

40.68%-504 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.19%1.26%1.43%1.54%1.48%+29 bps
Return on Equity18.45%20.99%23.77%25.54%24.82%+637 bps
Net Interest Margin2.04%2.18%2.25%2.25%2.17%+13 bps
Efficiency Ratio45.72%44.06%40.45%38.59%40.68%-504 bps
Non-Interest Burden0.83%0.86%0.81%0.76%0.78%-5 bps
Growth
Asset Growth (YoY)25.53%19.79%27.48%26.50%27.72%+219 bps
Loan Growth (YoY)25.99%29.28%30.27%41.40%39.21%+1,322 bps
Deposit Growth (YoY)27.56%20.79%28.06%26.65%28.11%+54 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.16%-0.07%0.03%0.02%+3 bps
Allowance / Loans1.10%1.15%1.09%0.92%0.96%-14 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 Capital14.81%14.88%14.28%13.02%13.13%-168 bps
Equity / Assets6.07%5.95%6.08%5.99%5.77%-30 bps
Liquidity & Funding
Loans / Deposits34.60%33.28%35.59%38.35%37.59%+300 bps
Liquid Assets / Assets23.93%26.04%26.00%24.32%29.54%+561 bps
CRE / Total Capitaln/an/an/an/an/an/an/a