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American Savings, Inc.

Farmington, MN · Cert 34549

FDIC

Q4 2007

$5.0MAssets
$1.4MLoans
$2.9MDeposits
$2.0MEquity
Loan mix
86%RE $853K14%C&I $142K0%Consumer $1KQ4 2006Q4 2007
Deposit mix
100%Interest-bearing $2.9M0%Noninterest $0.0MQ4 2006Q4 2007

NIM

6.05%Q4 ’056.66%Q4 ’066.17%Q4 ’07+65%-27%

Non-interest income vs. expense

1.04%Q4 ’054.65%Q4 ’065.01%Q4 ’07+339%-27%

Executive Summary

  • Earnings: ROA of 2.72%, up 272 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 5.36%.
  • Funding: loans stand at 48.43% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

2.72%+272 bps YoY

Net Interest Margin (quarter, annualized)

3.32%-123 bps YoY

Efficiency Ratio (quarter, annualized)

100.00%0 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.00%-2.27%0.00%-0.98%2.72%+272 bps
Return on Equity0.00%-4.56%0.00%-2.39%6.91%+691 bps
Net Interest Margin4.55%3.99%4.06%3.68%3.32%-123 bps
Efficiency Ratio100.00%154.76%100.00%125.53%100.00%0 bps
Non-Interest Burden4.55%6.29%4.06%4.66%3.32%-123 bps
Growth
Asset Growth (YoY)-82.29%14.30%29.14%41.27%30.58%+11,287 bps
Loan Growth (YoY)-75.04%-12.61%14.28%5.19%-55.27%+1,977 bps
Deposit Growth (YoY)-83.72%142.08%155.16%91.92%61.12%+14,485 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.13%0.00%0.00%-0.11%-5.36%-524 bps
Allowance / Loans6.38%6.58%5.36%5.63%13.20%+682 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 Capital67.83%67.82%56.33%54.55%114.63%+4,680 bps
Equity / Assets52.39%47.37%44.29%38.17%40.68%-1,171 bps
Liquidity & Funding
Loans / Deposits174.45%138.60%150.92%112.50%48.43%-12,602 bps
Liquid Assets / Assets0.36%5.05%2.42%19.15%60.18%+5,982 bps
CRE / Total Capitaln/an/an/an/an/an/an/a