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First National Bank South Dakota

Yankton, SD · Cert 18613

FDIC · 4 branches

Q2 2014

$381.8MAssets
$261.8MLoans
$337.8MDeposits
$41.9MEquity
Loan mix
76%RE $61.3M19%C&I $15.1M6%Consumer $4.5MQ2 2013Q2 2014
Deposit mix
84%Interest-bearing $284.2M16%Noninterest $53.6MQ2 2013Q2 2014

NIM

3.18%Q2 ’122.79%Q2 ’132.84%Q2 ’14-9%+3%

Non-interest income vs. expense

2.78%Q2 ’122.58%Q2 ’132.36%Q2 ’14-22%+4%

Executive Summary

  • Earnings: ROA of 0.65%, down 6 bps year over year; NIM at 2.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 77.49% of deposits as of Q2 2014.

Financial Results

Return on Assets (YTD, annualized)

0.65%-6 bps YoY

Net Interest Margin (YTD, annualized)

2.63%+9 bps YoY

Efficiency Ratio (YTD, annualized)

71.47%-242 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.71%0.66%0.63%0.57%0.65%-6 bps
Return on Equity5.92%5.58%5.48%5.27%5.98%+6 bps
Net Interest Margin2.54%2.61%2.60%2.65%2.63%+9 bps
Efficiency Ratio73.90%75.34%75.73%75.09%71.47%-242 bps
Non-Interest Burden1.63%1.75%1.77%1.82%1.69%+6 bps
Growth
Asset Growth (YoY)-4.31%-3.30%-3.20%-2.44%3.01%+732 bps
Loan Growth (YoY)60.66%59.95%54.51%32.34%-5.98%-6,664 bps
Deposit Growth (YoY)-3.47%-1.62%-0.80%-1.57%5.24%+871 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%-0.02%-0.08%-0.05%-7 bps
Allowance / Loans0.79%0.75%0.71%0.75%0.72%-7 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 Capital15.15%14.48%13.96%14.45%14.48%-67 bps
Equity / Assets11.39%11.10%10.71%11.05%10.97%-43 bps
Liquidity & Funding
Loans / Deposits86.74%85.60%83.46%78.90%77.49%-925 bps
Liquid Assets / Assets4.59%4.29%4.05%3.71%3.91%-68 bps
CRE / Total Capitaln/an/an/an/an/an/an/a