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Bank of Minden

Mindenmines, MO · Cert 19954

FDIC · 2 branches

Q2 2019

$31.5MAssets
$24.2MLoans
$28.4MDeposits
$2.8MEquity
Loan mix
75%RE $13.4M23%C&I $4.1M2%Consumer $0.4MQ3 2017Q2 2019
Deposit mix
72%Interest-bearing $20.5M28%Noninterest $7.9MQ3 2017Q2 2019

Executive Summary

  • Earnings: ROA of 1.56%, up 97 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.04% of loans (+4 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 8.16%, down 634 bps from a year ago.
  • Funding: loans stand at 85.17% of deposits as of Q2 2019.

Return on Assets (YTD, annualized)

1.56%+97 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+21 bps YoY

Efficiency Ratio (YTD, annualized)

61.39%-1,723 bps YoY

Tier 1 Leverage Ratio

8.16%-634 bps YoY

NIM

3.86%Q2 ’173.83%Q2 ’184.23%Q2 ’19-1%+6%

Non-interest income vs. expense

2.80%Q2 ’172.86%Q2 ’182.26%Q2 ’19+3%-16%

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets0.59%0.62%0.42%0.58%0.72%0.75%0.98%1.56%+97 bps
Return on Equity4.08%4.30%2.93%4.08%4.96%5.29%9.70%15.99%+1,190 bps
Net Interest Margin3.51%3.50%3.34%3.44%3.53%3.40%3.49%3.65%+21 bps
Efficiency Ratio74.47%74.47%84.71%78.63%74.54%73.48%75.68%61.39%-1,723 bps
Non-Interest Burden2.55%2.55%2.80%2.67%2.58%2.44%2.66%2.23%-44 bps
Growth
Asset Growth (YoY)-3.46%2.27%-2.06%0.25%-0.01%10.48%21.71%8.62%+836 bps
Loan Growth (YoY)-5.52%-6.98%-9.23%-0.11%8.64%6.33%51.59%35.80%+3,591 bps
Deposit Growth (YoY)-4.09%2.49%-2.27%0.39%0.00%12.18%31.27%14.68%+1,429 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.04%0.04%+4 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.17%2.12%2.23%2.12%2.00%1.99%1.47%1.56%-56 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a37.9x37.9xn/a
Capital
Tier 1 Leverage Ratio14.70%14.24%14.28%14.50%14.60%13.43%7.74%8.16%-634 bps
Total Risk-Based Capital27.12%25.64%26.96%25.84%24.73%22.78%11.52%12.93%-1,291 bps
Equity / Assets14.86%14.13%14.28%14.33%14.97%12.90%7.57%8.92%-541 bps
Liquidity & Funding
Loans / Deposits72.94%72.42%69.19%71.92%79.24%68.65%79.91%85.17%+1,324 bps
Liquid Assets / Assets19.92%21.17%23.01%22.79%21.67%19.16%13.22%13.89%-890 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a