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Northern National Bank

Nisswa, MN · Cert 34592

FDIC

Q3 2009

$106.1MAssets
$76.0MLoans
$72.5MDeposits
$24.6MEquity
Loan mix
87%RE $54.2M13%C&I $8.3M0%Consumer $0.1MQ3 2008Q3 2009
Deposit mix
84%Interest-bearing $60.8M16%Noninterest $11.8MQ3 2008Q3 2009

NIM

7.52%Q3 ’075.07%Q3 ’084.73%Q3 ’09-13%-2%

Non-interest income vs. expense

2.96%Q3 ’072.66%Q3 ’083.94%Q3 ’09-11%+49%

Executive Summary

  • Earnings: ROA of 0.18%, down 56 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.19%.
  • Funding: loans stand at 104.80% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

0.18%-56 bps YoY

Net Interest Margin (quarter, annualized)

3.48%-7 bps YoY

Efficiency Ratio (quarter, annualized)

95.78%+2,925 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.75%0.10%0.16%10.04%10.18%-56 bps
Return on Equity4.64%0.54%0.77%0.20%0.80%-384 bps
Net Interest Margin3.55%3.89%3.55%3.43%3.48%-7 bps
Efficiency Ratio66.53%57.94%79.15%97.24%95.78%+2,925 bps
Non-Interest Burden2.21%1.76%2.75%3.32%3.30%+109 bps
Growth
Asset Growth (YoY)2.26%-5.64%-14.75%-27.86%-23.22%-2,548 bps
Loan Growth (YoY)-4.44%-16.75%-21.29%-27.05%-21.49%-1,705 bps
Deposit Growth (YoY)-12.79%-23.61%-27.12%-26.50%-25.70%-1,290 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%3.86%0.05%2.19%1.19%+97 bps
Allowance / Loans1.72%1.71%2.20%1.93%1.72%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 Capital11.30%12.68%13.64%13.99%14.73%+343 bps
Equity / Assets17.62%19.28%21.25%22.10%23.16%+554 bps
Liquidity & Funding
Loans / Deposits99.19%102.14%103.85%103.81%104.80%+561 bps
Liquid Assets / Assets0.09%0.02%2.67%0.01%0.18%+10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a