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Central Bank

Stillwater, MN · Cert 27234

FDIC · 22 branches

Q1 2016

$1.2BAssets
$986.4MLoans
$1.0BDeposits
$170.0MEquity
Loan mix
83%RE $579.6M16%C&I $108.8M1%Consumer $8.3MQ2 2014Q1 2016
Deposit mix
72%Interest-bearing $749.5M28%Noninterest $288.3MQ2 2014Q1 2016

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2015 SOD (annual) · 0.4% share · #10 of 154 inst. · $0.8B of $171.1B

6.3% Washington
0.2% Hennepin
27.0% Polk
16.1% Chisago

Executive Summary

  • Earnings: ROA of 0.60%, down 141 bps year over year; NIM at 4.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 8.53%, down 54 bps from a year ago.
  • Funding: loans stand at 95.05% of deposits as of Q1 2016.

Return on Assets (quarter, annualized)

0.60%-141 bps YoY

Net Interest Margin (quarter, annualized)

4.29%-8 bps YoY

Efficiency Ratio (quarter, annualized)

71.27%+1,359 bps YoY

Tier 1 Leverage Ratio

8.53%-54 bps YoY

NIM

4.33%Q1 ’144.66%Q1 ’154.19%Q1 ’16+9%-2%

Non-interest income vs. expense

3.48%Q1 ’142.89%Q1 ’153.81%Q1 ’16-15%+30%

Discrete quarter, annualized.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets1.80%1.57%1.22%2.02%-1.27%0.78%0.77%0.60%-141 bps
Return on Equity21.30%18.25%14.26%22.87%-11.46%5.91%5.74%4.47%-1,840 bps
Net Interest Margin4.27%4.43%4.43%4.37%-1.20%4.55%4.41%4.29%-8 bps
Efficiency Ratio69.13%71.46%70.61%57.69%62.46%57.37%60.95%71.27%+1,359 bps
Non-Interest Burden2.82%3.14%2.98%2.28%-0.44%2.44%2.57%2.96%+68 bps
Growth
Asset Growth (YoY)0.37%1.23%2.29%3.81%7.10%6.65%7.19%5.64%+183 bps
Loan Growth (YoY)8.14%10.46%12.19%15.66%9.31%8.36%8.64%7.21%-845 bps
Deposit Growth (YoY)-0.59%0.76%1.65%3.05%-1.11%0.27%-0.30%-2.00%-505 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.61%0.22%0.26%0.06%-0.04%0.07%0.10%0.02%-5 bps
Allowance / Loans1.91%1.73%1.69%1.66%0.04%0.20%0.28%0.33%-133 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a9.07%8.31%8.44%8.44%8.53%-54 bps
Total Risk-Based Capital15.13%14.38%13.59%13.53%11.34%11.50%11.14%11.12%-241 bps
Equity / Assets8.67%8.54%8.57%9.07%12.96%13.46%13.36%13.68%+461 bps
Liquidity & Funding
Loans / Deposits82.15%82.48%84.75%86.89%90.81%89.13%92.35%95.05%+816 bps
Liquid Assets / Assets5.27%7.13%5.96%5.13%3.78%4.50%3.22%3.24%-189 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a