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Great Northern Bank

Saint Michael, MN · Cert 35316

FDIC

Q4 2013

$71.2MAssets
$37.6MLoans
$64.7MDeposits
$4.8MEquity
Loan mix
81%RE $27.0M17%C&I $5.6M3%Consumer $0.9MQ4 2012Q4 2013
Deposit mix
72%Interest-bearing $46.4M28%Noninterest $18.3MQ4 2012Q4 2013

NIM

4.73%Q4 ’114.33%Q4 ’123.87%Q4 ’13-7%-9%

Non-interest income vs. expense

3.89%Q4 ’113.63%Q4 ’123.70%Q4 ’13-5%-3%

Executive Summary

  • Earnings: ROA of 0.93%, up 34 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.36%.
  • Funding: loans stand at 58.12% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.93%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.53%-37 bps YoY

Efficiency Ratio (YTD, annualized)

95.52%+649 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.59%1.19%0.81%0.57%0.93%+34 bps
Return on Equity10.15%19.30%13.03%9.22%14.79%+464 bps
Net Interest Margin3.90%3.85%3.77%3.68%3.53%-37 bps
Efficiency Ratio89.04%84.93%91.51%94.48%95.52%+649 bps
Non-Interest Burden3.46%3.22%3.43%3.46%3.36%-10 bps
Growth
Asset Growth (YoY)-2.90%9.79%4.11%-1.70%-1.00%+190 bps
Loan Growth (YoY)0.26%-3.66%-4.40%-4.10%-13.37%-1,363 bps
Deposit Growth (YoY)-3.68%9.56%2.56%-2.74%-2.19%+149 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.66%-0.15%0.13%0.14%-0.36%-102 bps
Allowance / Loans2.72%2.75%2.48%2.38%2.06%-66 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 Capital10.81%12.12%12.32%11.57%12.84%+202 bps
Equity / Assets6.05%6.25%6.26%6.22%6.69%+64 bps
Liquidity & Funding
Loans / Deposits65.62%59.53%62.97%60.22%58.12%-750 bps
Liquid Assets / Assets16.81%24.07%21.85%24.51%26.37%+957 bps
CRE / Total Capitaln/an/an/an/an/an/an/a