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Century Bank, National Association

Eden Prairie, MN · Cert 33244

FDIC

Q1 2002

$360.1MAssets
$269.3MLoans
$282.3MDeposits
$61.1MEquity
Loan mix
17%RE $28.5M82%C&I $135.5M1%Consumer $1.0MQ1 2001Q1 2002
Deposit mix
74%Interest-bearing $208.8M26%Noninterest $73.5MQ1 2001Q1 2002

NIM

8.70%Q1 ’011.88%Q1 ’02-74%

Non-interest income vs. expense

3.02%Q1 ’010.80%Q1 ’02-74%

Executive Summary

  • Earnings: ROA of 0.35%, down 102 bps year over year; NIM at 1.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.12%.
  • Funding: loans stand at 95.38% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.35%-102 bps YoY

Net Interest Margin (quarter, annualized)

1.33%-376 bps YoY

Efficiency Ratio (quarter, annualized)

50.73%-465 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.37%1.33%1.35%1.43%0.35%-102 bps
Return on Equityn/a15.15%15.06%15.79%2.66%n/a
Net Interest Margin5.09%4.97%4.71%4.59%1.33%-376 bps
Efficiency Ratio55.39%55.66%55.30%50.53%50.73%-465 bps
Non-Interest Burden2.66%2.61%2.43%2.13%0.70%-196 bps
Growth
Asset Growth (YoY)20.78%6.08%11.81%17.56%14.56%-622 bps
Loan Growth (YoY)18.18%18.63%13.92%17.71%10.14%-804 bps
Deposit Growth (YoY)18.94%6.55%17.03%17.45%4.28%-1,466 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.00%0.06%0.15%-0.12%-14 bps
Allowance / Loans1.59%1.57%1.57%1.50%1.74%+16 bps
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 Capital11.23%10.79%11.08%10.76%7.99%-323 bps
Equity / Assets8.54%8.97%8.93%9.16%16.98%+844 bps
Liquidity & Funding
Loans / Deposits90.31%93.86%93.35%97.29%95.38%+508 bps
Liquid Assets / Assets5.10%1.80%4.43%0.09%0.00%-510 bps
CRE / Total Capitaln/an/an/an/an/an/an/a