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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

4.75%Q3 ’113.87%Q3 ’123.48%Q3 ’13-18%-2%

Non-interest income vs. expense

3.48%Q3 ’11-2.82%Q3 ’122.60%Q3 ’13+19%-30%

Executive Summary

  • Earnings: ROA of 0.99%, up 96 bps year over year; NIM at 3.34%.
  • 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 (quarter, annualized)

0.99%+96 bps YoY

Net Interest Margin (quarter, annualized)

3.34%-8 bps YoY

Efficiency Ratio (quarter, annualized)

55.66%-17,484 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.03%-0.23%0.05%-0.12%0.99%+96 bps
Return on Equity0.35%-2.22%0.47%-1.11%8.80%+845 bps
Net Interest Margin3.41%3.38%3.16%-0.91%3.34%-8 bps
Efficiency Ratio231%106.23%98.57%102.96%55.66%-17,484 bps
Non-Interest Burden3.38%3.61%3.12%-0.78%2.35%-103 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-0.08%-0.04%-0.02%0.02%0.00%+8 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