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Saint Stephen State Bank

Saint Stephen, MN · Cert 17522

FDIC

Q4 2009

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2009, the quarter ended December 31, 2009, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Saint Stephen State Bank

Saint Stephen, MN · Cert 17522

FDIC

Q4 2009

$22.9MAssets
$19.8MLoans
$23.9MDeposits
$-1219KEquity
Loan mix
73%RE $12.5M27%C&I $4.5M0%Consumer $0.1MQ4 2008Q4 2009
Deposit mix
85%Interest-bearing $20.3M15%Noninterest $3.6MQ4 2008Q4 2009

NIM

7.32%Q4 ’076.59%Q4 ’085.81%Q4 ’09-16%-12%

Non-interest income vs. expense

5.53%Q4 ’075.73%Q4 ’087.68%Q4 ’09+26%+43%

Executive Summary

  • Earnings: ROA of -11.79%, down 965 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.16%.
  • Funding: loans stand at 82.84% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-11.79%-965 bps YoY

Net Interest Margin (YTD, annualized)

3.57%-50 bps YoY

Efficiency Ratio (YTD, annualized)

160.19%+5,152 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-2.15%-4.16%-5.46%-9.14%-11.79%-965 bps
Return on Equity-28.02%-70.99%-99.71%-212%-438%-41,048 bps
Net Interest Margin4.07%3.19%3.43%3.86%3.57%-50 bps
Efficiency Ratio108.67%154.13%129.68%144.02%160.19%+5,152 bps
Non-Interest Burden4.53%5.35%4.91%6.16%6.46%+193 bps
Growth
Asset Growth (YoY)4.20%-8.19%-17.42%-29.69%-29.96%-3,416 bps
Loan Growth (YoY)-8.55%-16.50%-18.46%-21.09%-20.56%-1,202 bps
Deposit Growth (YoY)7.20%-5.68%-15.01%-27.68%-21.10%-2,830 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.74%2.31%1.49%1.91%3.16%+242 bps
Allowance / Loans2.64%2.94%4.60%8.57%12.75%+1,011 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 Capital8.85%8.23%6.35%0.46%-6.61%-1,546 bps
Equity / Assets6.06%5.62%4.56%0.20%-5.32%-1,138 bps
Liquidity & Funding
Loans / Deposits82.28%84.42%96.70%91.98%82.84%+56 bps
Liquid Assets / Assets4.30%4.76%5.42%2.64%2.84%-145 bps
CRE / Total Capitaln/an/an/an/an/an/an/a