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Wells Federal Bank, Federal Savings Bank

Wells, MN · Cert 29141

FDIC · 9 branches

Q2 2017

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: Q2 2017, the quarter ended June 30, 2017, 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

Wells Federal Bank, Federal Savings Bank

Wells, MN · Cert 29141

FDIC · 9 branches

Q2 2017

$266.5MAssets
$198.9MLoans
$239.9MDeposits
$25.6MEquity
Loan mix
90%RE $154.8M7%C&I $11.3M4%Consumer $6.6MQ2 2016Q2 2017
Deposit mix
89%Interest-bearing $213.0M11%Noninterest $26.9MQ2 2016Q2 2017

NIM

3.63%Q2 ’153.62%Q2 ’163.81%Q2 ’17+1%+6%

Non-interest income vs. expense

3.36%Q2 ’153.39%Q2 ’163.31%Q2 ’17+5%-3%

Market Position · Mankato-North Mankato, MN · 2017 SOD (annual) · 2.4% share · #11 of 22 inst. · $0.1B of $2.5B

18.5% Faribault
2.7% Blue Earth
6.5% Freeborn
5.5% Watonwan

Executive Summary

  • Earnings: ROA of 1.06%, up 21 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.83% of loans (+83 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 9.61%, up 14 bps from a year ago.
  • Funding: loans stand at 82.92% of deposits as of Q2 2017.

Financial Results

Return on Assets (YTD, annualized)

1.06%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.68%+20 bps YoY

Efficiency Ratio (YTD, annualized)

67.09%-418 bps YoY

Tier 1 Leverage Ratio

9.61%+14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017YoY ΔTrend
Earnings
Return on Assets0.84%0.95%0.96%1.11%1.06%+21 bps
Return on Equity8.57%9.62%9.56%11.27%10.86%+229 bps
Net Interest Margin3.48%3.57%3.60%3.73%3.68%+20 bps
Efficiency Ratio71.27%69.07%68.95%64.56%67.09%-418 bps
Non-Interest Burden2.12%2.04%2.06%1.98%2.06%-6 bps
Growth
Asset Growth (YoY)9.37%-1.27%-3.71%-1.37%-2.53%-1,190 bps
Loan Growth (YoY)8.29%-0.67%-0.29%1.74%0.04%-825 bps
Deposit Growth (YoY)9.41%-0.69%-3.33%-1.16%-2.44%-1,186 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%1.07%0.83%+83 bps
Net Charge-Offs / Loans-0.07%-0.05%0.06%-0.18%-0.06%+1 bps
Allowance / Loans1.06%1.05%0.95%0.99%0.99%-7 bps
Allowance Coverage of NPLsn/an/an/a0.9x1.2xn/a
Capital
Tier 1 Leverage Ratio9.48%9.94%10.28%9.33%9.61%+14 bps
Total Risk-Based Capital14.43%14.67%14.63%13.46%13.78%-64 bps
Equity / Assets9.54%10.13%10.30%9.32%9.61%+6 bps
Liquidity & Funding
Loans / Deposits80.87%84.28%84.69%83.78%82.92%+206 bps
Liquid Assets / Assets4.76%4.11%3.69%3.40%3.09%-167 bps
CRE / Total Capitaln/an/an/an/an/an/an/a