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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

4.09%Q4 ’124.18%Q4 ’133.41%Q4 ’14+3%-19%

Non-interest income vs. expense

2.06%Q4 ’122.13%Q4 ’132.95%Q4 ’14+2%+45%

Executive Summary

  • Earnings: ROA of 0.51%, down 149 bps year over year; NIM at 3.16%.
  • 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 (quarter, annualized)

0.51%-149 bps YoY

Net Interest Margin (quarter, annualized)

3.16%-73 bps YoY

Efficiency Ratio (quarter, annualized)

83.34%+3,316 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets2.01%1.71%1.88%1.72%0.51%-149 bps
Return on Equity26.86%23.84%27.44%26.67%8.64%-1,822 bps
Net Interest Margin3.90%3.54%3.65%3.40%3.16%-73 bps
Efficiency Ratio50.18%52.15%48.76%50.66%83.34%+3,316 bps
Non-Interest Burden1.78%1.67%1.59%1.55%2.57%+80 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-0.20%0.00%0.01%0.00%0.01%+21 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