PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

State Bank of West Fargo

West Fargo, ND · Cert 19037

FDIC

Q2 2003

$105.9MAssets
$75.4MLoans
$97.0MDeposits
$8.1MEquity
Loan mix
30%RE $12.4M70%C&I $29.1M0%Consumer $0.2MQ2 2002Q2 2003
Deposit mix
88%Interest-bearing $84.9M12%Noninterest $12.0MQ2 2002Q2 2003

NIM

7.25%Q2 ’016.23%Q2 ’025.15%Q2 ’03+10%-8%

Non-interest income vs. expense

2.09%Q2 ’012.36%Q2 ’022.35%Q2 ’03+18%-4%

Executive Summary

  • Earnings: ROA of 0.85%, down 7 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 77.81% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

0.85%-7 bps YoY

Net Interest Margin (quarter, annualized)

3.39%-30 bps YoY

Efficiency Ratio (quarter, annualized)

63.92%+343 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.92%0.80%1.01%0.83%0.85%-7 bps
Return on Equity12.17%10.27%12.09%9.79%10.62%-155 bps
Net Interest Margin3.69%3.76%3.65%3.40%3.39%-30 bps
Efficiency Ratio60.49%56.79%59.21%65.46%63.92%+343 bps
Non-Interest Burden2.15%2.03%2.05%2.12%2.06%-9 bps
Growth
Asset Growth (YoY)14.33%9.65%7.94%8.95%2.18%-1,215 bps
Loan Growth (YoY)14.04%23.29%14.60%3.71%2.53%-1,151 bps
Deposit Growth (YoY)14.63%9.18%6.93%8.10%2.14%-1,249 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.07%0.45%0.04%-0.05%-5 bps
Allowance / Loans1.01%1.08%1.02%1.07%1.04%+2 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 Capital10.24%10.60%11.12%11.78%10.48%+24 bps
Equity / Assets7.53%8.12%8.54%8.49%7.61%+8 bps
Liquidity & Funding
Loans / Deposits77.51%82.67%83.30%75.82%77.81%+29 bps
Liquid Assets / Assets2.18%1.33%0.99%0.67%0.50%-168 bps
CRE / Total Capitaln/an/an/an/an/an/an/a