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Countrybank USA

Cando, ND · Cert 19765

FDIC

Q4 2009

$48.1MAssets
$26.3MLoans
$40.7MDeposits
$4.8MEquity
Loan mix
76%RE $10.5M23%C&I $3.2M2%Consumer $0.2MQ4 2008Q4 2009
Deposit mix
93%Interest-bearing $38.0M7%Noninterest $2.7MQ4 2008Q4 2009

NIM

6.43%Q4 ’075.89%Q4 ’084.73%Q4 ’09+3%-11%

Non-interest income vs. expense

4.76%Q4 ’074.95%Q4 ’084.79%Q4 ’090%+13%

Executive Summary

  • Earnings: ROA of 0.64%, down 30 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.48%.
  • Funding: loans stand at 64.53% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

0.64%-30 bps YoY

Net Interest Margin (YTD, annualized)

3.11%-37 bps YoY

Efficiency Ratio (YTD, annualized)

85.99%+837 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.94%0.66%0.64%0.92%0.64%-30 bps
Return on Equity9.96%6.82%6.65%9.36%6.53%-342 bps
Net Interest Margin3.48%3.32%3.17%3.24%3.11%-37 bps
Efficiency Ratio77.62%84.82%85.41%81.32%85.99%+837 bps
Non-Interest Burden2.10%2.52%2.41%2.17%2.37%+27 bps
Growth
Asset Growth (YoY)2.07%-0.89%4.56%6.24%5.03%+296 bps
Loan Growth (YoY)2.23%-1.18%-7.26%-2.36%-6.71%-893 bps
Deposit Growth (YoY)-2.32%-1.96%3.74%6.54%5.19%+751 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%-0.06%0.22%0.35%0.48%+21 bps
Allowance / Loans1.27%1.40%1.29%1.11%1.02%-25 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 Capital13.72%14.32%15.02%15.01%15.21%+150 bps
Equity / Assets9.61%9.74%9.66%10.32%9.89%+28 bps
Liquidity & Funding
Loans / Deposits72.76%67.83%67.61%71.17%64.53%-823 bps
Liquid Assets / Assets3.60%9.46%12.72%11.55%9.72%+611 bps
CRE / Total Capitaln/an/an/an/an/an/an/a