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Rushmore Bank and Trust

Rapid City, SD · Cert 25259

FDIC

Q1 2003

$255.4MAssets
$202.9MLoans
$212.5MDeposits
$21.5MEquity
Loan mix
40%RE $46.7M60%C&I $69.6M0%Consumer $0.4MQ1 2002Q1 2003
Deposit mix
87%Interest-bearing $185.2M13%Noninterest $27.3MQ1 2002Q1 2003

NIM

8.09%Q1 ’017.03%Q1 ’026.59%Q1 ’03+23%+7%

Non-interest income vs. expense

2.51%Q1 ’012.55%Q1 ’023.38%Q1 ’03-5%+14%

Executive Summary

  • Earnings: ROA of 1.55%, up 95 bps year over year; NIM at 4.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 95.48% of deposits as of Q1 2003.

Financial Results

Return on Assets (quarter, annualized)

1.55%+95 bps YoY

Net Interest Margin (quarter, annualized)

4.52%+31 bps YoY

Efficiency Ratio (quarter, annualized)

54.29%+622 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.60%1.58%1.55%1.54%1.55%+95 bps
Return on Equity7.40%19.82%19.52%18.86%18.42%+1,102 bps
Net Interest Margin4.22%4.38%4.28%4.56%4.52%+31 bps
Efficiency Ratio48.08%49.33%52.63%55.46%54.29%+622 bps
Non-Interest Burden1.48%1.54%1.58%1.77%1.69%+20 bps
Growth
Asset Growth (YoY)1.97%2.51%6.26%3.93%7.12%+515 bps
Loan Growth (YoY)9.37%6.17%8.20%7.22%4.86%-451 bps
Deposit Growth (YoY)4.42%5.51%9.40%4.40%6.00%+158 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.79%0.15%0.18%0.24%-0.02%-381 bps
Allowance / Loans1.22%1.24%1.25%1.28%1.41%+19 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 Capital11.03%11.37%11.21%11.60%11.69%+66 bps
Equity / Assets8.06%7.92%7.95%8.44%8.41%+35 bps
Liquidity & Funding
Loans / Deposits96.52%92.57%92.07%98.41%95.48%-104 bps
Liquid Assets / Assets0.10%0.09%0.08%0.00%0.02%-8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a