PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Minto

Minto, ND · Cert 17829

FDIC

Q4 2009

$24.8MAssets
$11.0MLoans
$21.9MDeposits
$2.8MEquity
Deposit mix
74%Interest-bearing $16.2M26%Noninterest $5.7MQ4 2008Q4 2009

NIM

6.22%Q4 ’075.70%Q4 ’084.87%Q4 ’09-6%-6%

Non-interest income vs. expense

2.53%Q4 ’072.49%Q4 ’082.40%Q4 ’09-2%-3%

Executive Summary

  • Earnings: ROA of 1.51%, up 5 bps year over year; NIM at 3.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 50.04% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

1.51%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.73%-22 bps YoY

Efficiency Ratio (YTD, annualized)

59.62%+132 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 Assets1.46%1.51%1.52%1.53%1.51%+5 bps
Return on Equity12.89%13.37%13.07%12.75%12.76%-14 bps
Net Interest Margin3.95%3.74%3.84%3.83%3.73%-22 bps
Efficiency Ratio58.30%58.01%57.92%59.29%59.62%+132 bps
Non-Interest Burden2.17%2.07%2.11%2.15%2.11%-6 bps
Growth
Asset Growth (YoY)-2.80%-4.75%4.86%3.04%-2.52%+29 bps
Loan Growth (YoY)14.79%9.87%-0.19%0.01%-10.29%-2,509 bps
Deposit Growth (YoY)-3.48%-5.42%5.13%7.33%-3.19%+29 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.18%0.00%0.00%-0.02%-0.01%-19 bps
Allowance / Loans1.60%1.84%1.74%1.64%1.79%+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 Capital21.44%25.17%20.91%24.64%23.10%+166 bps
Equity / Assets10.49%12.27%12.32%13.02%11.21%+71 bps
Liquidity & Funding
Loans / Deposits54.01%53.96%56.28%62.42%50.04%-396 bps
Liquid Assets / Assets16.43%17.03%17.77%15.44%15.76%-67 bps
CRE / Total Capitaln/an/an/an/an/an/an/a