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Heron Lake State Bank

Heron Lake, MN · Cert 17225

FDIC

Q3 2013

$34.5MAssets
$23.0MLoans
$30.2MDeposits
$3.9MEquity
Loan mix
91%RE $14.2M5%C&I $0.9M4%Consumer $0.6MQ3 2012Q3 2013
Deposit mix
70%Interest-bearing $21.0M30%Noninterest $9.1MQ3 2012Q3 2013

NIM

4.69%Q3 ’114.04%Q3 ’121.90%Q3 ’13-12%-48%

Non-interest income vs. expense

3.43%Q3 ’113.82%Q3 ’121.67%Q3 ’13+88%-73%

Executive Summary

  • Earnings: ROA of 0.31%, up 239 bps year over year; NIM at 1.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 76.09% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

0.31%+239 bps YoY

Net Interest Margin (YTD, annualized)

1.83%-173 bps YoY

Efficiency Ratio (YTD, annualized)

74.41%-15,609 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets-2.08%-1.64%0.05%-0.04%0.31%+239 bps
Return on Equity-20.02%-15.77%0.47%-0.34%2.90%+2,292 bps
Net Interest Margin3.56%3.66%3.16%1.14%1.83%-173 bps
Efficiency Ratio231%179.35%98.57%102.96%74.41%-15,609 bps
Non-Interest Burden5.72%5.42%3.12%1.18%1.53%-420 bps
Growth
Asset Growth (YoY)-6.00%-6.62%-10.47%-4.68%0.30%+630 bps
Loan Growth (YoY)-2.78%0.54%0.21%-3.82%13.97%+1,675 bps
Deposit Growth (YoY)-6.16%-6.63%-9.84%-6.14%-1.38%+478 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%-0.04%-0.02%0.00%0.00%+4 bps
Allowance / Loans1.86%1.87%1.91%0.00%0.00%-186 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 Capital13.21%13.27%13.05%12.64%12.26%-94 bps
Equity / Assets9.99%10.44%10.21%11.10%11.41%+142 bps
Liquidity & Funding
Loans / Deposits65.84%69.48%66.25%69.62%76.09%+1,025 bps
Liquid Assets / Assets5.86%6.18%7.56%6.13%6.03%+16 bps
CRE / Total Capitaln/an/an/an/an/an/an/a