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Letter portraitLegal landscapeQuarterYTD

First National Bank of Chaska, The

Chaska, MN · Cert 5111

FDIC

Q1 2005

$177.3MAssets
$115.8MLoans
$142.3MDeposits
$18.1MEquity
Loan mix
61%RE $33.5M38%C&I $21.0M1%Consumer $0.5MQ1 2004Q1 2005
Deposit mix
77%Interest-bearing $109.4M23%Noninterest $32.9MQ1 2004Q1 2005

NIM

5.04%Q1 ’034.37%Q1 ’044.94%Q1 ’05-7%+9%

Non-interest income vs. expense

3.55%Q1 ’033.96%Q1 ’042.95%Q1 ’05+23%-34%

Executive Summary

  • Earnings: ROA of 2.06%, up 190 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 81.40% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

2.06%+190 bps YoY

Net Interest Margin (quarter, annualized)

3.85%+32 bps YoY

Efficiency Ratio (quarter, annualized)

58.70%-2,399 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.16%-0.22%1.07%2.60%2.06%+190 bps
Return on Equity1.59%-2.11%10.55%25.55%20.49%+1,891 bps
Net Interest Margin3.52%3.55%3.76%3.82%3.85%+32 bps
Efficiency Ratio82.69%76.59%70.84%56.10%58.70%-2,399 bps
Non-Interest Burden2.69%2.40%2.26%1.06%1.77%-92 bps
Growth
Asset Growth (YoY)-6.39%-3.38%-2.47%0.31%4.20%+1,058 bps
Loan Growth (YoY)-15.05%-17.64%-9.49%8.46%13.66%+2,871 bps
Deposit Growth (YoY)-7.43%-1.91%-1.09%1.53%-3.87%+355 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%-0.07%2.56%1.48%0.01%-1 bps
Allowance / Loans1.74%2.37%1.84%1.41%1.34%-40 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 Capital14.71%14.42%13.86%13.76%13.89%-82 bps
Equity / Assets10.72%9.95%10.41%9.92%10.22%-50 bps
Liquidity & Funding
Loans / Deposits68.84%66.69%67.87%68.35%81.40%+1,256 bps
Liquid Assets / Assets2.41%1.56%0.58%0.55%0.01%-240 bps
CRE / Total Capitaln/an/an/an/an/an/an/a