Cook County State Bank

Grand Marais, MN · Cert 33941

FDIC

Q1 2001

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 2001, the quarter ended March 31, 2001, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Grand Marais, MN · Cert 33941

FDIC

Q1 2001

$13.7MAssets

$10.4MLoans

$10.0MDeposits

$2.8MEquity

Loan mix

Deposit mix

Earnings: ROA of 1.08%, up 86 bps year over year; NIM at 4.57%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 104.12% of deposits as of Q1 2001.

Return on Assets (YTD, annualized)

1.08%+86 bps YoY

Net Interest Margin (YTD, annualized)

4.57%

n/a

Efficiency Ratio (YTD, annualized)

76.16%

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1999	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	YoY Δ	Trend
Earnings
Return on Assets	-0.05%	-0.12%	0.11%	0.22%	-0.34%	-0.16%	0.09%	1.08%	+86 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	4.57%	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	76.16%	n/a	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	n/a	3.42%	n/a	n/a
Growth
Asset Growth (YoY)	6.59%	0.11%	17.31%	19.02%	18.81%	14.37%	9.13%	4.55%	-1,447 bps
Loan Growth (YoY)	5.66%	-3.72%	22.17%	35.92%	37.73%	43.09%	26.07%	28.46%	-746 bps
Deposit Growth (YoY)	8.93%	0.81%	24.63%	24.22%	16.07%	10.39%	3.17%	0.62%	-2,360 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.00%	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.13%	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	29.34%	n/a	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	20.07%	n/a	n/a
Liquidity & Funding
Loans / Deposits	76.22%	66.02%	77.77%	81.56%	90.44%	85.57%	95.03%	104.12%	+2,256 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a