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Bank 360

Beresford, SD · Cert 30789

FDIC

Q4 2012

$37.4MAssets
$23.7MLoans
$34.8MDeposits
$2.5MEquity
Loan mix
70%RE $14.9M15%C&I $3.1M15%Consumer $3.2MQ4 2011Q4 2012
Deposit mix
83%Interest-bearing $28.9M17%Noninterest $5.8MQ4 2011Q4 2012

NIM

4.35%Q1 ’124.14%Q3 ’123.88%Q4 ’12-2%-6%

Non-interest income vs. expense

5.49%Q1 ’125.54%Q3 ’125.98%Q4 ’12-53%+132%

Executive Summary

  • Earnings: ROA of -1.42%, down 65 bps year over year; NIM at 3.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 68.05% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-1.42%-65 bps YoY

Net Interest Margin (quarter, annualized)

3.46%

Efficiency Ratio (quarter, annualized)

129.85%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets-0.77%-0.71%-2.69%1.11%-1.42%-65 bps
Return on Equityn/an/a-41.91%16.93%-21.38%n/a
Net Interest Marginn/a3.77%3.77%3.70%3.46%n/a
Efficiency Ration/a114.78%95.18%77.44%129.85%n/a
Non-Interest Burdenn/a4.47%3.53%2.08%4.83%n/a
Growth
Asset Growth (YoY)-13.79%-5.48%-7.76%-3.38%-6.21%+758 bps
Loan Growth (YoY)-14.63%-13.56%-5.83%-9.05%-6.62%+801 bps
Deposit Growth (YoY)-8.49%-1.14%-6.57%-2.35%-5.74%+274 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.06%4.40%0.19%0.44%n/a
Allowance / Loansn/a2.75%2.84%3.13%3.18%n/a
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 Capitaln/a12.02%11.02%12.05%11.96%n/a
Equity / Assetsn/a6.45%6.41%6.69%6.63%n/a
Liquidity & Funding
Loans / Deposits68.69%65.93%71.35%67.66%68.05%-64 bps
Liquid Assets / Assets0.00%15.60%6.56%7.19%7.89%+789 bps
CRE / Total Capitaln/an/an/an/an/an/an/a