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Letter portraitLegal landscapeQuarterYTD

Citizens State Bank of Shakopee

Shakopee, MN · Cert 22627

FDIC

Q3 2012

$20.8MAssets
$13.2MLoans
$18.7MDeposits
$1.9MEquity
Loan mix
61%RE $6.7M33%C&I $3.7M6%Consumer $0.6MQ3 2011Q3 2012
Deposit mix
81%Interest-bearing $15.1M19%Noninterest $3.6MQ3 2011Q3 2012

NIM

-5.38%Q3 ’103.31%Q3 ’113.57%Q3 ’12+163%+17%

Non-interest income vs. expense

-5.28%Q3 ’104.09%Q3 ’113.51%Q3 ’12+175%-6%

Executive Summary

  • Earnings: ROA of -0.02%, up 84 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 70.42% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.02%+84 bps YoY

Net Interest Margin (quarter, annualized)

3.18%+47 bps YoY

Efficiency Ratio (quarter, annualized)

98.31%-1,866 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets-0.86%-1.06%-0.91%0.30%-0.02%+84 bps
Return on Equity-10.30%-13.75%-11.55%3.39%-0.21%+1,009 bps
Net Interest Margin2.71%3.01%3.15%3.16%3.18%+47 bps
Efficiency Ratio116.97%115.64%117.80%89.50%98.31%-1,866 bps
Non-Interest Burden3.31%3.58%3.80%2.76%3.12%-18 bps
Growth
Asset Growth (YoY)-19.69%-5.72%25.78%9.78%5.10%+2,479 bps
Loan Growth (YoY)34.89%80.73%66.96%42.42%12.73%-2,216 bps
Deposit Growth (YoY)-19.84%-5.35%27.22%8.29%3.58%+2,341 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.26%-0.06%-0.12%0.03%+3 bps
Allowance / Loans0.85%1.09%1.06%1.17%1.22%+37 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 Capital12.84%12.48%13.44%13.52%13.57%+74 bps
Equity / Assets7.95%7.44%8.33%9.47%9.12%+117 bps
Liquidity & Funding
Loans / Deposits64.70%64.73%68.55%75.75%70.42%+572 bps
Liquid Assets / Assets24.89%27.32%26.08%18.78%22.51%-238 bps
CRE / Total Capitaln/an/an/an/an/an/an/a