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Premier Bank

Rochester, MN · Cert 33202

FDIC · 4 branches

Q3 2022

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: Q3 2022, the quarter ended September 30, 2022, 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

Premier Bank

Rochester, MN · Cert 33202

FDIC · 4 branches

Q3 2022

$282.8MAssets
$229.7MLoans
$243.3MDeposits
$24.0MEquity
Loan mix
90%RE $142.4M9%C&I $14.5M0%Consumer $0.5MQ3 2021Q3 2022
Deposit mix
77%Interest-bearing $187.7M23%Noninterest $55.6MQ3 2021Q3 2022

NIM

4.25%Q3 ’203.71%Q3 ’213.65%Q3 ’22-3%+0%

Non-interest income vs. expense

1.98%Q3 ’201.95%Q3 ’212.03%Q3 ’22-6%+5%

Market Position · Rochester, MN · 2022 SOD (annual) · 3.5% share · #8 of 34 inst. · $0.3B of $7.7B

Executive Summary

  • Earnings: ROA of 1.11%, down 53 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (-65 bps YoY), with net charge-offs at 0.20%.
  • Capital: tier 1 leverage ratio of 9.30%, up 50 bps from a year ago.
  • Funding: loans stand at 94.41% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

1.11%-53 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+1 bps YoY

Efficiency Ratio (YTD, annualized)

54.48%+194 bps YoY

Tier 1 Leverage Ratio

9.30%+50 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.65%1.63%0.83%0.99%1.11%-53 bps
Return on Equity18.35%18.68%10.54%12.47%13.75%-460 bps
Net Interest Margin3.41%3.24%3.16%3.35%3.43%+1 bps
Efficiency Ratio52.55%52.82%55.51%55.95%54.48%+194 bps
Non-Interest Burden1.65%1.54%1.62%1.73%1.73%+7 bps
Growth
Asset Growth (YoY)12.27%26.38%15.95%10.08%-1.92%-1,419 bps
Loan Growth (YoY)3.11%5.21%3.66%3.40%5.77%+266 bps
Deposit Growth (YoY)12.72%27.95%17.67%11.22%-7.34%-2,006 bps
Asset Quality
Nonperforming Loans / Loans0.65%0.42%0.00%0.00%0.00%-65 bps
Net Charge-Offs / Loans-0.02%-0.02%0.60%0.29%0.20%+22 bps
Allowance / Loans1.25%1.18%1.21%1.23%1.28%+3 bps
Allowance Coverage of NPLs1.9x2.8xn/an/an/an/a
Capital
Tier 1 Leverage Ratio8.80%8.53%8.49%8.99%9.30%+50 bps
Total Risk-Based Capital12.57%11.64%12.02%12.03%12.59%+1 bps
Equity / Assets8.73%7.86%7.94%8.14%8.50%-23 bps
Liquidity & Funding
Loans / Deposits82.71%76.72%79.93%84.50%94.41%+1,170 bps
Liquid Assets / Assets6.65%13.88%5.79%1.97%1.01%-564 bps
CRE / Total Capitaln/an/an/an/an/an/an/a