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Letter portraitLegal landscapeQuarterYTD

United States National Bank of Red Lodge, The

Red Lodge, MT · Cert 2200

FDIC

Q4 2002

$51.6MAssets
$35.7MLoans
$41.6MDeposits
$4.6MEquity
Deposit mix
76%Interest-bearing $31.6M24%Noninterest $10.0MQ4 2001Q4 2002

NIM

8.17%Q1 ’017.64%Q4 ’016.20%Q4 ’02+3%-10%

Non-interest income vs. expense

3.27%Q1 ’012.98%Q4 ’012.76%Q4 ’02-11%-7%

Executive Summary

  • Earnings: ROA of 1.52%, down 11 bps year over year; NIM at 4.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 85.69% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

1.52%-11 bps YoY

Net Interest Margin (YTD, annualized)

4.40%-51 bps YoY

Efficiency Ratio (YTD, annualized)

57.19%+180 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets1.64%1.74%1.74%1.64%1.52%-11 bps
Return on Equityn/a19.09%18.97%18.00%16.79%n/a
Net Interest Margin4.91%5.08%5.02%4.71%4.40%-51 bps
Efficiency Ratio55.40%54.72%53.41%54.18%57.19%+180 bps
Non-Interest Burden2.51%2.47%2.43%2.33%2.33%-18 bps
Growth
Asset Growth (YoY)15.24%9.48%15.20%19.79%18.27%+303 bps
Loan Growth (YoY)11.22%13.06%13.56%16.93%16.40%+518 bps
Deposit Growth (YoY)8.10%4.68%11.57%17.55%21.38%+1,327 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.17%0.08%0.26%0.20%+18 bps
Allowance / Loans1.46%1.38%1.31%1.11%1.08%-39 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 Capital13.15%13.58%13.53%12.96%13.14%-1 bps
Equity / Assets8.88%9.39%9.26%8.96%8.83%-5 bps
Liquidity & Funding
Loans / Deposits89.35%93.58%92.69%88.67%85.69%-366 bps
Liquid Assets / Assets5.85%5.68%4.26%3.93%3.19%-266 bps
CRE / Total Capitaln/an/an/an/an/an/an/a