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State Bank in Eden Valley

Eden Valley, MN · Cert 1916

FDIC · 1 branch

Q3 2016

$35.7MAssets
$15.4MLoans
$32.8MDeposits
$2.9MEquity
Loan mix
78%RE $8.6M19%C&I $2.1M3%Consumer $0.3MQ4 2014Q3 2016
Deposit mix
54%Interest-bearing $17.8M46%Noninterest $15.0MQ4 2014Q3 2016

Executive Summary

  • Earnings: ROA of 0.63%, down 117 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.83%, down 59 bps from a year ago.
  • Funding: loans stand at 46.86% of deposits as of Q3 2016.

Return on Assets (quarter, annualized)

0.63%-117 bps YoY

Net Interest Margin (quarter, annualized)

3.37%-22 bps YoY

Efficiency Ratio (quarter, annualized)

86.38%+1,414 bps YoY

Tier 1 Leverage Ratio

8.83%-59 bps YoY

NIM

3.89%Q3 ’143.76%Q3 ’153.53%Q3 ’16-4%-6%

Non-interest income vs. expense

2.92%Q3 ’142.83%Q3 ’152.88%Q3 ’16-3%+17%

Discrete quarter, annualized.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets1.19%1.17%0.92%1.80%0.56%0.75%1.13%0.63%-117 bps
Return on Equity13.13%13.05%10.10%20.10%6.36%8.44%12.40%7.33%-1,277 bps
Net Interest Margin3.66%3.61%3.64%3.59%3.25%3.32%3.36%3.37%-22 bps
Efficiency Ratio70.22%69.45%75.47%72.24%80.81%74.76%81.63%86.38%+1,414 bps
Non-Interest Burden2.47%2.43%2.66%2.50%2.58%2.40%2.68%2.92%+42 bps
Growth
Asset Growth (YoY)7.01%-1.11%4.25%9.71%5.12%-0.31%4.34%5.12%-459 bps
Loan Growth (YoY)2.38%11.67%7.27%2.02%-6.30%-8.15%-11.31%-8.77%-1,080 bps
Deposit Growth (YoY)11.73%-2.43%1.98%14.17%9.01%2.54%7.54%6.04%-814 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.14%-0.05%-0.28%1.17%0.05%-0.05%0.00%+28 bps
Allowance / Loans1.33%1.30%1.36%1.15%0.94%1.04%1.00%1.00%-15 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a9.15%9.25%9.42%9.10%8.62%9.23%8.83%-59 bps
Total Risk-Based Capital17.29%16.00%16.36%14.45%15.12%12.00%14.51%14.00%-45 bps
Equity / Assets8.99%9.01%9.14%8.83%8.80%9.04%9.22%8.09%-74 bps
Liquidity & Funding
Loans / Deposits60.49%61.47%63.06%54.47%52.00%55.06%52.01%46.86%-761 bps
Liquid Assets / Assets12.16%12.50%10.25%22.78%24.40%17.69%19.85%22.16%-62 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a