Montgomery, MN · Cert 18705
FDIC
Q2 2008
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2008, the quarter ended June 30, 2008, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Montgomery, MN · Cert 18705
FDIC
Q2 2008
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.13% | 1.02% | 1.03% | 0.85% | 0.80% | 0.59% | -0.88% | 4.26% | +341 bps | |
| Return on Equity | 10.18% | 9.18% | 9.14% | 7.53% | 7.09% | 5.14% | -7.27% | 25.75% | +1,822 bps | |
| Net Interest Margin | 3.74% | 3.61% | 3.58% | 3.47% | 3.39% | 3.40% | 3.26% | 1.64% | -182 bps | |
| Efficiency Ratio | 69.34% | 72.90% | 73.81% | 76.31% | 75.91% | 79.79% | 105.60% | 28.05% | -4,825 bps | |
| Non-Interest Burden | 2.45% | 2.51% | 2.52% | 2.52% | 2.46% | 2.62% | 3.47% | -2.28% | -480 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.03% | 6.36% | 1.00% | 7.67% | 0.83% | -3.95% | -5.11% | 4.35% | -332 bps | |
| Loan Growth (YoY) | 4.67% | 4.18% | 3.83% | -0.80% | -4.12% | -4.94% | -6.49% | -14.11% | -1,331 bps | |
| Deposit Growth (YoY) | 0.68% | 6.25% | -0.26% | 7.27% | 0.14% | -5.07% | -5.96% | -11.16% | -1,842 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.04% | -0.01% | -0.06% | 1.17% | 0.86% | 0.79% | 1.39% | 0.86% | -31 bps | |
| Allowance / Loans | 1.35% | 1.41% | 1.44% | 0.90% | 0.94% | 0.99% | 0.91% | 1.79% | +89 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 17.22% | 17.33% | 18.01% | 17.59% | 18.11% | 18.35% | 18.65% | 23.30% | +572 bps | |
| Equity / Assets | 11.05% | 10.91% | 11.65% | 11.29% | 11.48% | 11.79% | 12.33% | 24.68% | +1,339 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 82.30% | 79.93% | 82.68% | 79.81% | 78.80% | 80.04% | 82.22% | 77.16% | -265 bps | |
| Liquid Assets / Assets | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.04% | +304 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |