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Brainerd Savings & Loan Federal Association

Brainerd, MN · Cert 31443

FDIC · 1 branch

Q1 2021

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: Q1 2021, the quarter ended March 31, 2021, 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

Brainerd Savings & Loan Federal Association

Brainerd, MN · Cert 31443

FDIC · 1 branch

Q1 2021

$72.5MAssets
$40.8MLoans
$58.8MDeposits
$4.6MEquity
Loan mix
98%RE $38.8M1%C&I $0.3M2%Consumer $0.7MQ1 2020Q1 2021
Deposit mix
92%Interest-bearing $54.0M8%Noninterest $4.8MQ1 2020Q1 2021

NIM

4.20%Q1 ’194.20%Q1 ’202.47%Q1 ’21-3%-47%

Non-interest income vs. expense

4.28%Q1 ’193.37%Q1 ’202.68%Q1 ’21-22%-46%

Executive Summary

  • Earnings: ROA of 0.04%, down 16 bps year over year; NIM at 1.63%.
  • Asset quality: problem loans at 0.17% of loans (-27 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 6.45%, down 86 bps from a year ago.
  • Funding: loans stand at 69.40% of deposits as of Q1 2021.

Financial Results

Return on Assets (YTD, annualized)

0.04%1-16 bps YoY

Net Interest Margin (YTD, annualized)

1.63%-143 bps YoY

Efficiency Ratio (YTD, annualized)

99.17%+190 bps YoY

Tier 1 Leverage Ratio

6.45%-86 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets0.20%10.18%0.20%-0.45%0.04%1-16 bps
Return on Equity2.83%2.62%2.86%-6.54%0.61%-222 bps
Net Interest Margin3.07%2.62%2.38%2.22%1.63%-143 bps
Efficiency Ratio97.26%95.72%94.78%94.45%99.17%+190 bps
Non-Interest Burden2.97%2.47%2.20%2.04%1.61%-136 bps
Growth
Asset Growth (YoY)-0.12%5.16%5.23%7.60%6.67%+680 bps
Loan Growth (YoY)10.96%5.38%-4.13%-17.82%-26.33%-3,729 bps
Deposit Growth (YoY)0.76%8.48%8.27%11.76%9.88%+912 bps
Asset Quality
Nonperforming Loans / Loans0.44%0.41%0.91%0.21%0.17%-27 bps
Net Charge-Offs / Loans0.00%0.04%0.03%0.07%-0.01%-1 bps
Allowance / Loans0.74%0.78%0.81%0.87%0.93%+20 bps
Allowance Coverage of NPLs1.7x1.9x0.9x4.1x5.4x+3.8x
Capital
Tier 1 Leverage Ratio7.31%7.11%7.10%6.41%6.45%-86 bps
Total Risk-Based Capital12.65%12.13%12.28%12.16%12.58%-7 bps
Equity / Assets7.03%6.85%7.01%6.28%6.29%-73 bps
Liquidity & Funding
Loans / Deposits103.52%90.49%86.77%74.55%69.40%-3,411 bps
Liquid Assets / Assets1.20%2.66%6.96%9.19%10.70%+950 bps
CRE / Total Capitaln/an/an/an/an/an/an/a