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State Bank of Moorhead

Moorhead, MN · Cert 34349

FDIC

Q2 2003

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: Q2 2003, the quarter ended June 30, 2003, 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

State Bank of Moorhead

Moorhead, MN · Cert 34349

FDIC

Q2 2003

$129.9MAssets
$112.1MLoans
$118.5MDeposits
$10.2MEquity
Loan mix
57%RE $30.3M42%C&I $22.5M1%Consumer $0.3MQ2 2002Q2 2003
Deposit mix
86%Interest-bearing $102.0M14%Noninterest $16.5MQ2 2002Q2 2003

NIM

7.48%Q2 ’016.16%Q2 ’025.37%Q2 ’03+6%-2%

Non-interest income vs. expense

2.01%Q2 ’011.93%Q2 ’021.87%Q2 ’03-4%-11%

Executive Summary

  • Earnings: ROA of 1.28%, up 8 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 94.57% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

1.28%+8 bps YoY

Net Interest Margin (YTD, annualized)

3.58%-6 bps YoY

Efficiency Ratio (YTD, annualized)

45.80%-206 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets1.20%1.19%1.25%1.20%1.28%+8 bps
Return on Equity15.83%15.60%16.14%14.44%15.60%-23 bps
Net Interest Margin3.64%3.68%3.59%3.64%3.58%-6 bps
Efficiency Ratio47.87%45.92%45.62%47.20%45.80%-206 bps
Non-Interest Burden1.54%1.48%1.41%1.47%1.37%-17 bps
Growth
Asset Growth (YoY)15.61%17.40%11.47%11.10%9.66%-595 bps
Loan Growth (YoY)19.65%23.84%15.91%13.00%13.65%-600 bps
Deposit Growth (YoY)16.13%12.63%10.46%10.18%9.75%-638 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.02%0.00%0.02%+2 bps
Allowance / Loans1.22%1.28%1.35%1.35%1.27%+5 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 Capital10.16%10.40%11.15%11.41%10.41%+25 bps
Equity / Assets7.71%7.83%8.15%8.51%7.88%+17 bps
Liquidity & Funding
Loans / Deposits91.33%95.75%87.29%90.62%94.57%+324 bps
Liquid Assets / Assets0.48%0.38%0.31%0.23%0.17%-31 bps
CRE / Total Capitaln/an/an/an/an/an/an/a