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First State Bank of Emmons

Emmons, MN · Cert 5139

FDIC

Q2 2003

$7.9MAssets
$3.7MLoans
$6.6MDeposits
$1.3MEquity
Loan mix
65%RE $1.2M35%C&I $0.6M0%Consumer $0.0MQ2 2002Q2 2003
Deposit mix
84%Interest-bearing $5.5M16%Noninterest $1.0MQ2 2002Q2 2003

NIM

7.60%Q2 ’016.33%Q2 ’025.85%Q2 ’03+3%-2%

Non-interest income vs. expense

4.55%Q2 ’014.42%Q2 ’023.51%Q2 ’03-2%-14%

Executive Summary

  • Earnings: ROA of 0.94%, up 52 bps year over year; NIM at 4.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 55.69% of deposits as of Q2 2003.

Financial Results

Return on Assets (quarter, annualized)

0.94%+52 bps YoY

Net Interest Margin (quarter, annualized)

4.73%-7 bps YoY

Efficiency Ratio (quarter, annualized)

72.73%-1,106 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets0.42%0.46%0.51%0.05%10.94%+52 bps
Return on Equity2.86%3.10%3.37%0.31%5.79%+293 bps
Net Interest Margin4.80%4.52%4.57%3.70%4.73%-7 bps
Efficiency Ratio83.78%83.78%118.18%97.70%72.73%-1,106 bps
Non-Interest Burden3.95%3.69%5.12%3.61%3.42%-53 bps
Growth
Asset Growth (YoY)6.70%1.45%-4.77%-3.50%-7.06%-1,376 bps
Loan Growth (YoY)-10.03%-8.02%-8.26%-20.09%-27.38%-1,735 bps
Deposit Growth (YoY)7.84%1.24%-6.74%-5.11%-8.64%-1,648 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.03%0.00%-0.08%0.00%0.00%-103 bps
Allowance / Loans1.68%1.85%1.38%1.60%1.83%+14 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 Capital23.78%24.19%25.96%29.44%31.67%+789 bps
Equity / Assets15.03%14.84%15.71%15.95%16.66%+163 bps
Liquidity & Funding
Loans / Deposits70.06%67.12%68.33%60.29%55.69%-1,437 bps
Liquid Assets / Assets3.90%3.53%3.70%3.60%3.71%-20 bps
CRE / Total Capitaln/an/an/an/an/an/an/a