Kulm State Bank

Kulm, ND · Cert 2054

FDIC

Q1 2001

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2001, the quarter ended March 31, 2001, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Kulm, ND · Cert 2054

FDIC

Q1 2001

$13.4MAssets

$4.4MLoans

$11.8MDeposits

$1.5MEquity

Deposit mix

Earnings: ROA of 0.91%, up 127 bps year over year; NIM at 4.04%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.18%.
Funding: loans stand at 37.18% of deposits as of Q1 2001.

Return on Assets (YTD, annualized)

0.91%+127 bps YoY

Net Interest Margin (YTD, annualized)

4.04%

Efficiency Ratio (YTD, annualized)

68.35%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	YoY Δ	Trend
Earnings
Return on Assets	-0.36%	0.59%	0.77%	0.72%	0.91%	+127 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	4.04%	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	68.35%	n/a	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.72%	n/a	n/a
Growth
Asset Growth (YoY)	2.85%	0.75%	-1.00%	0.17%	-0.10%	-296 bps
Loan Growth (YoY)	12.34%	11.30%	11.75%	10.78%	12.81%	+47 bps
Deposit Growth (YoY)	3.88%	1.02%	-1.21%	-0.32%	-1.19%	-507 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	-0.18%	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	3.21%	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	23.23%	n/a	n/a
Equity / Assets	n/a	n/a	n/a	n/a	10.93%	n/a	n/a
Liquidity & Funding
Loans / Deposits	32.57%	40.19%	42.58%	39.43%	37.18%	+461 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	31.69%	+3,169 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a