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Community National Bank of Grand Forks

Grand Forks, ND · Cert 18764

FDIC

Q2 2003

$120.9MAssets
$63.5MLoans
$98.9MDeposits
$18.7MEquity
Loan mix
31%RE $8.8M68%C&I $19.5M2%Consumer $0.5MQ2 2002Q2 2003
Deposit mix
81%Interest-bearing $80.4M19%Noninterest $18.5MQ2 2002Q2 2003

NIM

7.57%Q2 ’012.89%Q2 ’025.33%Q2 ’03-47%+92%

Non-interest income vs. expense

3.81%Q2 ’011.51%Q2 ’023.29%Q2 ’03-63%+130%

Executive Summary

  • Earnings: ROA of 1.42%, up 54 bps year over year; NIM at 4.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 64.18% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

1.42%+54 bps YoY

Net Interest Margin (YTD, annualized)

4.48%+214 bps YoY

Efficiency Ratio (YTD, annualized)

59.35%+686 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.88%1.17%1.34%1.30%1.42%+54 bps
Return on Equity8.16%9.82%10.59%8.43%9.21%+105 bps
Net Interest Margin2.34%3.07%3.53%4.34%4.48%+214 bps
Efficiency Ratio52.49%54.59%55.20%60.17%59.35%+686 bps
Non-Interest Burden0.97%1.36%1.60%2.22%2.23%+126 bps
Growth
Asset Growth (YoY)12.17%15.83%8.83%10.10%2.26%-991 bps
Loan Growth (YoY)-7.93%-1.86%5.67%3.00%1.40%+933 bps
Deposit Growth (YoY)3.86%7.06%-0.71%1.56%0.91%-295 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.07%0.08%0.08%0.09%+1 bps
Allowance / Loans1.30%1.26%1.19%1.34%1.27%-3 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 Capital14.74%15.15%15.45%14.69%15.09%+35 bps
Equity / Assets14.96%15.26%15.46%15.35%15.44%+48 bps
Liquidity & Funding
Loans / Deposits63.86%63.45%65.31%63.31%64.18%+31 bps
Liquid Assets / Assets0.00%0.81%0.80%0.84%0.74%+74 bps
CRE / Total Capitaln/an/an/an/an/an/an/a