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Border State Bank of International Falls

International Falls, MN · Cert 35471

FDIC

Q3 2005

$39.3MAssets
$34.8MLoans
$34.9MDeposits
$3.6MEquity
Loan mix
49%RE $8.1M50%C&I $8.3M1%Consumer $0.1MQ3 2004Q3 2005
Deposit mix
82%Interest-bearing $28.6M18%Noninterest $6.3MQ3 2004Q3 2005

NIM

6.72%Q3 ’036.55%Q3 ’047.07%Q3 ’05-1%0%

Non-interest income vs. expense

3.19%Q3 ’033.44%Q3 ’043.12%Q3 ’05+22%-28%

Executive Summary

  • Earnings: ROA of 1.74%, up 32 bps year over year; NIM at 4.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 99.64% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

1.74%+32 bps YoY

Net Interest Margin (quarter, annualized)

4.90%-2 bps YoY

Efficiency Ratio (quarter, annualized)

48.95%-762 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.42%1.43%1.32%1.77%1.74%+32 bps
Return on Equity17.05%17.00%15.10%20.24%19.49%+244 bps
Net Interest Margin4.92%4.87%4.82%5.19%4.90%-2 bps
Efficiency Ratio56.57%54.80%55.45%49.02%48.95%-762 bps
Non-Interest Burden2.28%2.20%2.20%1.89%1.65%-63 bps
Growth
Asset Growth (YoY)11.32%12.58%14.01%15.38%6.93%-439 bps
Loan Growth (YoY)13.75%20.69%16.86%18.94%14.42%+67 bps
Deposit Growth (YoY)8.59%11.52%17.88%16.44%10.66%+207 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.00%0.00%0.08%0.01%-3 bps
Allowance / Loans1.35%1.33%1.39%1.39%1.47%+12 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 Capital11.31%11.18%11.27%11.13%11.47%+16 bps
Equity / Assets8.16%8.69%8.74%8.75%9.10%+94 bps
Liquidity & Funding
Loans / Deposits96.36%103.35%100.00%103.16%99.64%+328 bps
Liquid Assets / Assets3.51%1.66%2.21%2.30%2.28%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a