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Victoria State Bank

Victoria, MN · Cert 22085

FDIC

Q1 2005

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 2005, the quarter ended March 31, 2005, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Victoria State Bank

Victoria, MN · Cert 22085

FDIC

Q1 2005

$59.1MAssets
$32.2MLoans
$51.4MDeposits
$5.2MEquity
Loan mix
82%RE $13.2M18%C&I $2.9M1%Consumer $0.1MQ1 2004Q1 2005
Deposit mix
82%Interest-bearing $42.1M18%Noninterest $9.3MQ1 2004Q1 2005

NIM

5.01%Q1 ’034.46%Q1 ’044.59%Q1 ’05-3%+3%

Non-interest income vs. expense

3.22%Q1 ’033.16%Q1 ’042.26%Q1 ’05+3%-31%

Executive Summary

  • Earnings: ROA of 1.95%, up 72 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 62.58% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

1.95%+72 bps YoY

Net Interest Margin (YTD, annualized)

3.76%+11 bps YoY

Efficiency Ratio (YTD, annualized)

51.66%-1,994 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.23%1.34%1.35%1.60%1.95%+72 bps
Return on Equity12.70%14.53%14.99%17.82%22.17%+946 bps
Net Interest Margin3.65%3.70%3.35%3.55%3.76%+11 bps
Efficiency Ratio71.60%68.78%67.93%65.03%51.66%-1,994 bps
Non-Interest Burden2.40%2.30%2.04%2.06%1.65%-75 bps
Growth
Asset Growth (YoY)3.02%7.42%10.60%13.21%14.89%+1,187 bps
Loan Growth (YoY)2.58%14.66%20.33%24.41%18.61%+1,602 bps
Deposit Growth (YoY)3.20%8.70%11.59%9.91%11.60%+840 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.15%0.03%-0.05%-0.23%0.26%+41 bps
Allowance / Loans1.39%1.26%1.34%1.37%1.26%-13 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 Capital13.84%14.06%13.77%14.93%14.35%+52 bps
Equity / Assets9.87%8.34%8.50%8.85%8.76%-111 bps
Liquidity & Funding
Loans / Deposits58.88%56.07%54.53%58.43%62.58%+370 bps
Liquid Assets / Assets1.91%1.91%8.94%0.03%0.02%-189 bps
CRE / Total Capitaln/an/an/an/an/an/an/a