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Home Federal Bank

Sioux Falls, SD · Cert 28092

FDIC · 23 branches

Q1 2016

$1.1BAssets
$894.8MLoans
$933.4MDeposits
$129.3MEquity
Loan mix
87%RE $537.0M10%C&I $63.7M3%Consumer $17.1MQ2 2014Q1 2016
Deposit mix
82%Interest-bearing $768.5M18%Noninterest $164.9MQ2 2014Q1 2016

Market Position · Sioux Falls, SD · 2015 SOD (annual) · 0.2% share · #6 of 33 inst. · $0.7B of $434.0B

0.2% Minnehaha
3.8% Brown
33.6% Moody
9.0% Hutchinson

Executive Summary

  • Earnings: ROA of 0.92%, up 56 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.94%, up 71 bps from a year ago.
  • Funding: loans stand at 95.86% of deposits as of Q1 2016.

Return on Assets (quarter, annualized)

0.92%+56 bps YoY

Net Interest Margin (quarter, annualized)

3.45%+34 bps YoY

Efficiency Ratio (quarter, annualized)

66.65%-1,051 bps YoY

Tier 1 Leverage Ratio

10.94%+71 bps YoY

NIM

3.39%Q1 ’143.41%Q1 ’153.80%Q1 ’16+11%+11%

Non-interest income vs. expense

2.80%Q1 ’143.22%Q1 ’152.87%Q1 ’16+28%-7%

Discrete quarter, annualized.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets0.59%0.73%-0.13%0.36%0.83%1.48%0.77%0.92%+56 bps
Return on Equity6.20%7.46%-1.37%3.47%7.75%13.86%7.07%8.27%+479 bps
Net Interest Margin2.67%2.74%3.06%3.10%3.34%3.40%3.34%3.45%+34 bps
Efficiency Ratio74.56%72.18%99.21%77.16%69.25%57.94%73.02%66.65%-1,051 bps
Non-Interest Burden1.75%1.70%3.04%2.15%1.92%1.04%2.14%2.01%-15 bps
Growth
Asset Growth (YoY)4.74%0.56%0.75%-9.49%-6.95%-6.77%-7.22%0.31%+981 bps
Loan Growth (YoY)16.06%7.93%15.26%15.57%12.88%10.75%5.71%2.14%-1,343 bps
Deposit Growth (YoY)11.16%0.99%-1.86%-1.68%-3.40%-3.90%-0.70%-2.74%-106 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 / Loans0.08%0.05%0.18%0.09%0.18%0.07%-0.01%0.01%-8 bps
Allowance / Loans1.28%1.26%1.27%1.26%1.22%1.23%1.25%1.30%+4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a10.23%10.39%10.62%10.69%10.94%+71 bps
Total Risk-Based Capital14.54%14.50%13.86%13.64%13.29%13.64%13.68%13.90%+26 bps
Equity / Assets9.62%9.85%9.67%10.84%10.48%10.87%10.89%11.34%+50 bps
Liquidity & Funding
Loans / Deposits80.48%84.71%89.61%91.28%94.04%97.63%95.40%95.86%+458 bps
Liquid Assets / Assets1.55%1.63%1.63%1.79%1.72%1.75%1.72%1.77%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a