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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

7.58%Q2 ’010.01%Q2 ’025.37%Q2 ’03-78%+355%

Non-interest income vs. expense

3.79%Q2 ’01-0.54%Q2 ’023.35%Q2 ’03-121%+519%

Executive Summary

  • Earnings: ROA of 1.56%, up 65 bps year over year; NIM at 4.57%.
  • 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 (quarter, annualized)

1.56%+65 bps YoY

Net Interest Margin (quarter, annualized)

4.57%+357 bps YoY

Efficiency Ratio (quarter, annualized)

58.57%+11,359 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.92%1.73%1.81%1.30%1.56%+65 bps
Return on Equity7.61%11.42%11.81%8.43%10.15%+255 bps
Net Interest Margin1.00%4.72%4.99%4.34%4.57%+357 bps
Efficiency Ratio-55.02%56.60%56.35%60.17%58.57%+11,359 bps
Non-Interest Burden-0.53%2.21%2.37%2.22%2.21%+273 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 / Loans-0.32%0.06%0.12%0.08%0.09%+41 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