Bremer Bank, National Association

Moorhead, MN · Cert 34380

FDIC · 16 branches

Q3 2014

$1.7BAssets

$1.5BLoans

$1.2BDeposits

$173.1MEquity

Loan mix

Deposit mix

NIM

Market Position · Fargo, ND-MN · 2014 SOD (annual) · 5.0% share · #5 of 27 inst. · $0.3B of $6.3B

13.2% Ward

5.2% Cass

32.0% Becker

53.7% Foster

Earnings: ROA of 1.17%, down 24 bps year over year; NIM at 3.68%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
Funding: loans stand at 117.64% of deposits as of Q3 2014.

Return on Assets (quarter, annualized)

1.17%-24 bps YoY

Net Interest Margin (quarter, annualized)

3.68%+6 bps YoY

Efficiency Ratio (quarter, annualized)

57.33%-334 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q3 2013	Q4 2013	Q1 2014	Q2 2014	Q3 2014	YoY Δ	Trend
Earnings
Return on Assets	1.41%	1.16%	0.96%	1.25%	1.17%	-24 bps
Return on Equity	14.65%	11.88%	9.78%	12.70%	11.77%	-288 bps
Net Interest Margin	3.62%	3.61%	3.42%	3.66%	3.68%	+6 bps
Efficiency Ratio	60.66%	62.99%	63.55%	59.65%	57.33%	-334 bps
Non-Interest Burden	1.95%	2.05%	1.99%	1.94%	1.84%	-11 bps
Growth
Asset Growth (YoY)	0.35%	-1.89%	-4.54%	6.56%	6.38%	+602 bps
Loan Growth (YoY)	2.45%	2.58%	4.36%	7.97%	9.28%	+683 bps
Deposit Growth (YoY)	2.76%	-1.81%	-5.83%	-6.65%	-6.92%	-968 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.00%	0.03%	-0.03%	0.00%	-0.03%	-2 bps
Allowance / Loans	1.34%	1.32%	1.38%	1.26%	1.26%	-8 bps
Allowance Coverage of NPLs	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
Total Risk-Based Capital	12.35%	12.53%	12.61%	12.26%	12.40%	+5 bps
Equity / Assets	9.67%	9.84%	9.85%	9.91%	9.98%	+31 bps
Liquidity & Funding
Loans / Deposits	100.19%	99.54%	100.51%	115.63%	117.64%	+1,745 bps
Liquid Assets / Assets	4.22%	4.21%	3.62%	3.24%	3.06%	-116 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a