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Anchor Bank, National Association

Wayzata, MN · Cert 18903

FDIC

Q3 2009

$458.3MAssets
$259.8MLoans
$303.8MDeposits
$31.9MEquity
Loan mix
71%RE $148.6M29%C&I $60.1M1%Consumer $1.8MQ3 2008Q3 2009
Deposit mix
74%Interest-bearing $226.2M26%Noninterest $77.6MQ3 2008Q3 2009

NIM

6.56%Q3 ’075.23%Q3 ’084.00%Q3 ’09-15%-19%

Non-interest income vs. expense

3.11%Q3 ’072.69%Q3 ’082.09%Q3 ’09-27%-3%

Executive Summary

  • Earnings: ROA of 0.37%, down 59 bps year over year; NIM at 2.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 85.51% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

0.37%-59 bps YoY

Net Interest Margin (quarter, annualized)

2.92%-71 bps YoY

Efficiency Ratio (quarter, annualized)

62.18%+378 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.96%0.72%0.73%0.50%0.37%-59 bps
Return on Equity12.86%9.69%9.55%6.60%5.14%-772 bps
Net Interest Margin3.63%3.69%3.62%3.41%2.92%-71 bps
Efficiency Ratio58.40%58.28%61.61%68.43%62.18%+378 bps
Non-Interest Burden1.71%1.89%2.02%2.20%1.65%-6 bps
Growth
Asset Growth (YoY)14.68%7.89%9.82%7.67%12.55%-213 bps
Loan Growth (YoY)10.49%10.37%2.89%-0.31%-4.24%-1,473 bps
Deposit Growth (YoY)18.39%2.64%0.19%3.74%-5.67%-2,405 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.19%0.58%0.14%0.61%0.44%-74 bps
Allowance / Loans1.14%1.16%1.30%1.32%1.49%+35 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 Capital10.47%10.68%11.40%11.28%11.83%+136 bps
Equity / Assets7.33%7.55%7.67%7.46%6.95%-38 bps
Liquidity & Funding
Loans / Deposits84.24%93.24%94.75%89.72%85.51%+128 bps
Liquid Assets / Assets3.78%0.34%0.21%0.23%13.57%+979 bps
CRE / Total Capitaln/an/an/an/an/an/an/a