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Retailers National Bank

Sioux Falls, SD · Cert 33868

FDIC

Q4 2012

$138.1MAssets
$40.6MLoans
$56.8MDeposits
$57.6MEquity
Deposit mix
100%Interest-bearing $56.8M0%Noninterest $0.0MQ4 2011Q4 2012

NIM

1.61%Q4 ’101.35%Q4 ’110.06%Q4 ’12-19%-123%

Non-interest income vs. expense

243%Q4 ’10207%Q4 ’11177.84%Q4 ’12-11%-42%

Executive Summary

  • Earnings: ROA of 13.29%, up 134 bps year over year; NIM at -0.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 71.48% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

13.29%+134 bps YoY

Net Interest Margin (quarter, annualized)

-0.24%-132 bps YoY

Efficiency Ratio (quarter, annualized)

87.43%-404 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets11.95%11.37%8.96%15.98%13.29%+134 bps
Return on Equity28.56%30.26%23.39%47.47%38.23%+967 bps
Net Interest Margin1.07%0.90%1.53%0.37%-0.24%-132 bps
Efficiency Ratio91.47%91.26%92.67%85.31%87.43%-404 bps
Non-Interest Burden-18.24%-14.70%-18.20%-34.13%-25.82%-758 bps
Growth
Asset Growth (YoY)13.82%32.60%27.07%68.33%-7.49%-2,131 bps
Loan Growth (YoY)112.10%143.95%101.57%219%-29.40%-14,150 bps
Deposit Growth (YoY)37.40%104.20%93.08%211%-16.36%-5,376 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.00%0.00%0.00%0.00%0.00%0 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 Capital47.33%44.94%45.90%38.76%57.88%+1,054 bps
Equity / Assets37.34%37.81%38.85%29.92%41.70%+435 bps
Liquidity & Funding
Loans / Deposits84.69%96.45%98.48%78.18%71.48%-1,320 bps
Liquid Assets / Assets26.32%19.79%19.13%28.49%34.89%+857 bps
CRE / Total Capitaln/an/an/an/an/an/an/a