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Letter portraitLegal landscapeQuarterYTD

Roberts County National Bank of Sisseton, The

Sisseton, SD · Cert 4019

FDIC · 1 branch

Q3 2018

$54.5MAssets
$14.4MLoans
$46.6MDeposits
$7.9MEquity
Loan mix
86%RE $6.7M10%C&I $0.8M4%Consumer $0.3MQ3 2017Q3 2018
Deposit mix
78%Interest-bearing $36.3M22%Noninterest $10.3MQ3 2017Q3 2018

NIM

3.22%Q3 ’163.13%Q3 ’173.21%Q3 ’18-3%+1%

Non-interest income vs. expense

1.66%Q3 ’161.74%Q3 ’171.79%Q3 ’18-6%+5%

Executive Summary

  • Earnings: ROA of 1.39%, down 8 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 15.31%, up 66 bps from a year ago.
  • Funding: loans stand at 30.96% of deposits as of Q3 2018.

Financial Results

Return on Assets (quarter, annualized)

1.39%-8 bps YoY

Net Interest Margin (quarter, annualized)

3.05%+2 bps YoY

Efficiency Ratio (quarter, annualized)

56.65%+163 bps YoY

Tier 1 Leverage Ratio

15.31%+66 bps YoY

Discrete quarter, annualized.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets1.47%0.50%0.96%1.08%1.39%-8 bps
Return on Equity9.48%3.22%6.36%7.44%9.65%+17 bps
Net Interest Margin3.02%2.80%2.90%2.91%3.05%+2 bps
Efficiency Ratio55.02%78.72%66.51%63.64%56.65%+163 bps
Non-Interest Burden1.60%2.17%1.90%1.81%1.68%+8 bps
Growth
Asset Growth (YoY)-4.61%-7.10%-5.81%-4.81%-2.88%+173 bps
Loan Growth (YoY)-11.09%-6.45%-2.03%-2.32%-0.47%+1,062 bps
Deposit Growth (YoY)-10.35%-8.48%-5.59%-3.83%5.54%+1,589 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.44%0.00%-0.28%-0.03%-3 bps
Allowance / Loans1.09%0.98%1.19%1.11%1.05%-4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio14.66%14.73%15.14%14.85%15.31%+66 bps
Total Risk-Based Capital35.55%34.96%37.19%34.92%35.62%+7 bps
Equity / Assets15.85%15.44%14.71%14.33%14.47%-138 bps
Liquidity & Funding
Loans / Deposits32.83%33.17%27.05%30.12%30.96%-187 bps
Liquid Assets / Assets5.99%6.11%6.10%6.88%7.08%+109 bps
CRE / Total Capitaln/an/an/an/an/an/an/a