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Lino Lakes State Bank

Lino Lakes, MN · Cert 34823

FDIC

Q4 2011

$105.0MAssets
$76.3MLoans
$102.8MDeposits
$1.6MEquity
Loan mix
59%RE $33.1M38%C&I $21.0M3%Consumer $1.6MQ4 2010Q4 2011
Deposit mix
89%Interest-bearing $92.0M11%Noninterest $10.9MQ4 2010Q4 2011

NIM

5.08%Q4 ’094.87%Q4 ’104.48%Q4 ’11+7%+2%

Non-interest income vs. expense

3.59%Q4 ’094.91%Q4 ’103.76%Q4 ’11+42%-1%

Executive Summary

  • Earnings: ROA of -5.03%, up 49 bps year over year; NIM at 2.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.32%.
  • Funding: loans stand at 74.24% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

-5.03%+49 bps YoY

Net Interest Margin (YTD, annualized)

2.84%+4 bps YoY

Efficiency Ratio (YTD, annualized)

201%+3,427 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets-5.52%-2.18%-6.88%-5.82%-5.03%+49 bps
Return on Equity-58.65%-38.27%-142.72%-140.34%-137.65%-7,900 bps
Net Interest Margin2.80%2.89%3.02%2.95%2.84%+4 bps
Efficiency Ratio166.47%131.26%149.13%222%201%+3,427 bps
Non-Interest Burden4.76%3.86%4.62%4.98%4.73%-3 bps
Growth
Asset Growth (YoY)-12.64%-13.10%-16.44%-15.74%-13.41%-78 bps
Loan Growth (YoY)-14.89%-14.06%-19.86%-20.63%-20.89%-600 bps
Deposit Growth (YoY)-7.79%-8.29%-9.41%-8.59%-9.14%-135 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.00%-0.02%9.37%6.75%5.32%+233 bps
Allowance / Loans4.61%5.05%4.11%4.89%5.53%+92 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 Capital7.73%7.28%4.29%3.43%2.82%-491 bps
Equity / Assets5.87%5.51%2.96%2.02%1.48%-438 bps
Liquidity & Funding
Loans / Deposits85.28%86.44%79.24%73.71%74.24%-1,103 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%3.56%+355 bps
CRE / Total Capitaln/an/an/an/an/an/an/a