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First National Bank in Cannon Falls, The

Cannon Falls, MN · Cert 5108

FDIC

Q2 2007

$116.7MAssets
$77.1MLoans
$97.7MDeposits
$10.2MEquity
Loan mix
72%RE $47.6M27%C&I $18.0M1%Consumer $0.4MQ2 2006Q2 2007
Deposit mix
92%Interest-bearing $89.5M8%Noninterest $8.2MQ2 2006Q2 2007

NIM

6.07%Q2 ’056.74%Q2 ’066.57%Q2 ’07+4%-18%

Non-interest income vs. expense

3.68%Q2 ’053.66%Q2 ’063.91%Q2 ’070%+7%

Executive Summary

  • Earnings: ROA of 0.28%, down 78 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 78.93% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

0.28%-78 bps YoY

Net Interest Margin (YTD, annualized)

3.43%-76 bps YoY

Efficiency Ratio (YTD, annualized)

93.11%+1,867 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.06%0.55%0.57%0.73%0.28%-78 bps
Return on Equity13.15%6.77%6.95%8.83%3.34%-981 bps
Net Interest Margin4.20%4.18%4.05%3.47%3.43%-76 bps
Efficiency Ratio74.44%75.96%78.04%82.85%93.11%+1,867 bps
Non-Interest Burden2.94%3.01%3.01%2.72%3.15%+21 bps
Growth
Asset Growth (YoY)-0.74%-3.73%-5.25%-1.61%-6.77%-604 bps
Loan Growth (YoY)-3.79%-8.23%-14.24%-15.25%-15.16%-1,137 bps
Deposit Growth (YoY)1.87%1.80%-1.05%3.41%-4.67%-655 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.88%0.73%0.69%0.37%0.33%-56 bps
Allowance / Loans1.37%1.83%1.89%1.83%1.83%+46 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 Capital11.83%11.59%12.32%12.70%13.19%+136 bps
Equity / Assets8.18%8.24%8.33%8.31%8.78%+60 bps
Liquidity & Funding
Loans / Deposits88.69%87.36%80.11%74.88%78.93%-976 bps
Liquid Assets / Assets0.05%0.04%0.02%0.04%0.02%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a