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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

4.81%Q4 ’114.38%Q4 ’123.60%Q4 ’13-7%-18%

Non-interest income vs. expense

3.56%Q4 ’113.67%Q4 ’123.78%Q4 ’13-14%+3%

Executive Summary

  • Earnings: ROA of 2.00%, up 69 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 1.89%.
  • Funding: loans stand at 58.12% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

2.00%+69 bps YoY

Net Interest Margin (quarter, annualized)

3.27%-71 bps YoY

Efficiency Ratio (quarter, annualized)

98.69%+1,778 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets1.32%1.19%0.41%0.11%2.00%+69 bps
Return on Equity22.32%19.30%6.55%1.72%31.04%+872 bps
Net Interest Margin3.98%3.85%3.61%3.47%3.27%-71 bps
Efficiency Ratio80.91%84.93%99.37%100.59%98.69%+1,778 bps
Non-Interest Burden3.12%3.22%3.59%3.49%3.22%+11 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 / Loans0.02%-0.15%0.41%0.15%-1.89%-191 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