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Rural American Bank - Montgomery/Lonsdale

Lonsdale, MN · Cert 1921

FDIC

Q3 2004

$73.1MAssets
$46.3MLoans
$65.4MDeposits
$7.1MEquity
Loan mix
68%RE $15.0M32%C&I $7.0M0%Consumer $0.1MQ3 2003Q3 2004
Deposit mix
87%Interest-bearing $56.6M13%Noninterest $8.8MQ3 2003Q3 2004

NIM

6.33%Q3 ’025.62%Q3 ’035.15%Q3 ’04-4%-2%

Non-interest income vs. expense

2.32%Q3 ’022.38%Q3 ’032.40%Q3 ’04+0%-9%

Executive Summary

  • Earnings: ROA of 1.57%, down 4 bps year over year; NIM at 4.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 70.77% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

1.57%-4 bps YoY

Net Interest Margin (YTD, annualized)

4.19%-9 bps YoY

Efficiency Ratio (YTD, annualized)

47.89%-42 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.60%1.60%1.55%1.58%1.57%-4 bps
Return on Equity16.00%15.94%15.86%16.16%16.06%+6 bps
Net Interest Margin4.28%4.16%4.09%4.15%4.19%-9 bps
Efficiency Ratio48.31%47.79%48.53%48.32%47.89%-42 bps
Non-Interest Burden1.73%1.65%1.57%1.54%1.57%-15 bps
Growth
Asset Growth (YoY)4.79%4.32%4.22%0.10%3.32%-147 bps
Loan Growth (YoY)-3.67%-4.24%9.07%6.47%13.76%+1,743 bps
Deposit Growth (YoY)5.87%5.55%4.68%0.58%3.75%-212 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.07%-0.01%0.01%0.01%-3 bps
Allowance / Loans1.05%0.96%0.99%1.00%1.01%-4 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 Capital12.60%12.13%11.31%11.72%11.56%-104 bps
Equity / Assets9.85%9.98%9.61%9.74%9.71%-13 bps
Liquidity & Funding
Loans / Deposits64.54%67.40%70.75%72.89%70.77%+623 bps
Liquid Assets / Assets0.70%0.69%0.72%0.72%0.00%-70 bps
CRE / Total Capitaln/an/an/an/an/an/an/a