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First National Bank

Milnor, ND · Cert 3948

FDIC · 2 branches

Q3 2017

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2017, the quarter ended September 30, 2017, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank

Milnor, ND · Cert 3948

FDIC · 2 branches

Q3 2017

$68.5MAssets
$30.7MLoans
$58.8MDeposits
$9.5MEquity
Loan mix
71%RE $13.1M18%C&I $3.3M11%Consumer $2.1MQ3 2016Q3 2017
Deposit mix
74%Interest-bearing $43.6M26%Noninterest $15.2MQ3 2016Q3 2017

NIM

3.63%Q3 ’153.99%Q3 ’162.92%Q3 ’17+10%-26%

Non-interest income vs. expense

2.88%Q3 ’152.97%Q3 ’162.50%Q3 ’17+1%-14%

Executive Summary

  • Earnings: ROA of 0.45%, down 70 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.21% of loans (+21 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.69%, down 525 bps from a year ago.
  • Funding: loans stand at 52.23% of deposits as of Q3 2017.

Financial Results

Return on Assets (YTD, annualized)

0.45%-70 bps YoY

Net Interest Margin (YTD, annualized)

2.79%-98 bps YoY

Efficiency Ratio (YTD, annualized)

71.49%-51 bps YoY

Tier 1 Leverage Ratio

10.69%-525 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets1.15%0.74%-0.02%0.35%0.45%-70 bps
Return on Equity7.02%4.65%-0.16%2.58%3.28%-375 bps
Net Interest Margin3.77%3.46%1.85%2.51%2.79%-98 bps
Efficiency Ratio71.99%83.51%87.39%73.64%71.49%-51 bps
Non-Interest Burden2.62%2.84%1.81%2.07%2.24%-38 bps
Growth
Asset Growth (YoY)-4.58%5.93%5.39%-2.91%0.65%+523 bps
Loan Growth (YoY)-7.04%-12.01%-11.92%-20.08%-13.44%-640 bps
Deposit Growth (YoY)-2.31%9.25%9.72%4.24%5.03%+734 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.05%1.06%0.21%+21 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.99%1.06%0.00%0.00%0.00%-99 bps
Allowance Coverage of NPLsn/an/a0.0x0.0x0.0xn/a
Capital
Tier 1 Leverage Ratio15.95%14.58%9.48%10.12%10.69%-525 bps
Total Risk-Based Capital25.73%25.31%17.64%17.30%17.84%-789 bps
Equity / Assets17.16%14.25%12.54%13.84%13.87%-329 bps
Liquidity & Funding
Loans / Deposits63.38%52.53%47.84%52.24%52.23%-1,115 bps
Liquid Assets / Assets4.70%4.27%4.38%3.58%3.55%-115 bps
CRE / Total Capitaln/an/an/an/an/an/an/a