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McKenzie County Bank

Watford City, ND · Cert 23836

FDIC · 1 branch

Q4 2014

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: Q4 2014, the quarter ended December 31, 2014, 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

McKenzie County Bank

Watford City, ND · Cert 23836

FDIC · 1 branch

Q4 2014

$175.2MAssets
$80.9MLoans
$163.6MDeposits
$9.7MEquity
Loan mix
72%RE $39.8M14%C&I $7.7M14%Consumer $7.7MQ4 2013Q4 2014
Deposit mix
71%Interest-bearing $115.7M29%Noninterest $47.9MQ4 2013Q4 2014

NIM

4.02%Q4 ’123.87%Q4 ’133.25%Q4 ’14-2%-16%

Non-interest income vs. expense

2.00%Q4 ’122.08%Q4 ’131.98%Q4 ’14+4%-5%

Executive Summary

  • Earnings: ROA of 1.41%, down 48 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 49.45% of deposits as of Q4 2014.

Financial Results

Return on Assets (YTD, annualized)

1.41%-48 bps YoY

Net Interest Margin (YTD, annualized)

3.03%-57 bps YoY

Efficiency Ratio (YTD, annualized)

59.17%+634 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets1.90%1.71%1.80%1.77%1.41%-48 bps
Return on Equity24.81%23.84%25.76%25.99%21.74%-307 bps
Net Interest Margin3.60%3.54%3.53%3.31%3.03%-57 bps
Efficiency Ratio52.83%52.15%50.40%50.49%59.17%+634 bps
Non-Interest Burden1.74%1.67%1.60%1.50%1.66%-8 bps
Growth
Asset Growth (YoY)17.53%22.54%33.53%32.42%30.96%+1,344 bps
Loan Growth (YoY)12.70%9.40%12.75%6.70%1.55%-1,115 bps
Deposit Growth (YoY)18.29%23.79%36.40%34.87%33.77%+1,548 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.06%0.00%0.01%0.00%0.01%+7 bps
Allowance / Loans1.10%1.15%1.14%1.24%1.30%+20 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 Capital12.74%12.84%11.86%12.79%12.40%-34 bps
Equity / Assets7.27%7.09%6.61%6.34%5.53%-175 bps
Liquidity & Funding
Loans / Deposits65.14%61.72%61.87%55.58%49.45%-1,569 bps
Liquid Assets / Assets9.41%7.83%7.41%23.28%28.14%+1,873 bps
CRE / Total Capitaln/an/an/an/an/an/an/a