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Rural American Bank - East Grand Forks

East Grand Forks, MN · Cert 19180

FDIC

Q3 2009

$282.1MAssets
$195.2MLoans
$241.4MDeposits
$31.0MEquity
Loan mix
70%RE $89.2M29%C&I $37.1M0%Consumer $0.5MQ3 2008Q3 2009
Deposit mix
94%Interest-bearing $227.9M6%Noninterest $13.5MQ3 2008Q3 2009

NIM

7.04%Q3 ’075.72%Q3 ’084.73%Q3 ’09-8%-12%

Non-interest income vs. expense

3.09%Q3 ’072.94%Q3 ’083.13%Q3 ’09-10%+14%

Executive Summary

  • Earnings: ROA of 1.22%, down 91 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.38%.
  • Funding: loans stand at 80.85% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

1.22%-91 bps YoY

Net Interest Margin (quarter, annualized)

3.68%-52 bps YoY

Efficiency Ratio (quarter, annualized)

66.28%+1,094 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets2.13%2.02%1.61%1.53%1.22%-91 bps
Return on Equity19.19%18.01%14.85%14.29%11.21%-798 bps
Net Interest Margin4.20%4.02%3.72%3.73%3.68%-52 bps
Efficiency Ratio55.34%55.52%63.85%64.76%66.28%+1,094 bps
Non-Interest Burden1.83%1.70%2.05%2.06%2.09%+26 bps
Growth
Asset Growth (YoY)0.18%2.26%3.63%5.01%6.24%+606 bps
Loan Growth (YoY)2.56%6.13%7.61%3.49%-4.23%-679 bps
Deposit Growth (YoY)1.23%1.75%1.95%5.06%7.18%+595 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.18%0.01%0.09%0.38%+37 bps
Allowance / Loans1.16%1.23%1.29%1.35%1.42%+26 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 Capital10.88%10.99%10.56%11.04%11.38%+49 bps
Equity / Assets11.36%11.03%10.70%10.70%10.99%-37 bps
Liquidity & Funding
Loans / Deposits90.49%85.43%84.88%81.72%80.85%-963 bps
Liquid Assets / Assets0.00%0.41%0.57%0.93%0.85%+85 bps
CRE / Total Capitaln/an/an/an/an/an/an/a