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Valley Bank Minnesota

Jordan, MN · Cert 33311

FDIC

Q2 2009

$42.3MAssets
$22.7MLoans
$34.5MDeposits
$5.8MEquity
Loan mix
86%RE $15.3M13%C&I $2.3M1%Consumer $0.1MQ2 2008Q2 2009
Deposit mix
87%Interest-bearing $29.9M13%Noninterest $4.6MQ2 2008Q2 2009

NIM

5.63%Q2 ’074.90%Q2 ’083.89%Q2 ’09-10%-3%

Non-interest income vs. expense

2.89%Q2 ’072.35%Q2 ’082.71%Q2 ’09-24%+31%

Executive Summary

  • Earnings: ROA of 0.25%, down 107 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.08%.
  • Funding: loans stand at 65.85% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

0.25%-107 bps YoY

Net Interest Margin (YTD, annualized)

2.91%-9 bps YoY

Efficiency Ratio (YTD, annualized)

76.75%+1,426 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets1.31%1.26%1.10%0.36%0.25%-107 bps
Return on Equity9.76%9.34%8.10%2.61%1.79%-797 bps
Net Interest Margin3.00%2.92%2.91%2.88%2.91%-9 bps
Efficiency Ratio62.48%62.32%62.62%72.60%76.75%+1,426 bps
Non-Interest Burden1.59%1.54%1.54%1.93%2.08%+50 bps
Growth
Asset Growth (YoY)0.96%-1.04%-6.93%-3.07%-3.94%-491 bps
Loan Growth (YoY)-4.43%-4.97%8.67%11.30%1.38%+581 bps
Deposit Growth (YoY)1.93%-1.96%-8.57%-3.71%-6.29%-822 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.08%0.03%1.08%+107 bps
Allowance / Loans1.55%1.67%1.72%2.01%1.88%+33 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 Capital13.85%14.32%13.50%13.14%13.63%-22 bps
Equity / Assets13.50%13.44%13.85%13.87%13.76%+27 bps
Liquidity & Funding
Loans / Deposits60.87%60.23%68.39%69.94%65.85%+498 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%2.35%+235 bps
CRE / Total Capitaln/an/an/an/an/an/an/a