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Minnwest Bank Sioux Falls

Sioux Falls, SD · Cert 35545

FDIC

Q1 2014

$112.9MAssets
$90.8MLoans
$98.3MDeposits
$10.3MEquity
Loan mix
78%RE $50.5M18%C&I $11.8M3%Consumer $2.0MQ1 2013Q1 2014
Deposit mix
88%Interest-bearing $86.4M12%Noninterest $11.9MQ1 2013Q1 2014

NIM

4.49%Q1 ’124.14%Q1 ’134.40%Q1 ’14-2%+9%

Non-interest income vs. expense

2.04%Q1 ’122.31%Q1 ’132.47%Q1 ’14+17%+7%

Executive Summary

  • Earnings: ROA of 0.96%, up 13 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 92.34% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

0.96%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.67%+30 bps YoY

Efficiency Ratio (quarter, annualized)

60.89%-98 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.83%0.82%0.93%1.36%0.96%+13 bps
Return on Equity9.87%9.51%10.33%14.75%10.42%+56 bps
Net Interest Margin3.38%3.47%3.49%3.91%3.67%+30 bps
Efficiency Ratio61.87%64.53%60.79%64.26%60.89%-98 bps
Non-Interest Burden1.96%2.13%2.00%2.40%2.08%+13 bps
Growth
Asset Growth (YoY)-0.30%1.86%-2.20%-5.45%-4.86%-456 bps
Loan Growth (YoY)-6.56%-1.90%-2.12%10.25%11.70%+1,826 bps
Deposit Growth (YoY)-0.55%3.32%-1.24%-5.14%-4.44%-389 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.21%-0.67%-0.41%-0.12%0.05%+26 bps
Allowance / Loans1.67%1.78%1.84%1.51%1.54%-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 Capital13.95%13.76%13.55%12.79%13.08%-87 bps
Equity / Assets8.37%8.83%9.11%9.32%9.15%+78 bps
Liquidity & Funding
Loans / Deposits79.00%83.38%88.13%97.06%92.34%+1,334 bps
Liquid Assets / Assets21.41%17.62%13.83%8.69%13.06%-835 bps
CRE / Total Capitaln/an/an/an/an/an/an/a