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Anchor Bank Farmington, National Association

Farmington, MN · Cert 5147

FDIC

Q3 2008

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 2008, the quarter ended September 30, 2008, 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

Anchor Bank Farmington, National Association

Farmington, MN · Cert 5147

FDIC

Q3 2008

$123.8MAssets
$98.4MLoans
$106.6MDeposits
$13.6MEquity
Loan mix
76%RE $62.7M24%C&I $19.3M0%Consumer $0.2MQ3 2007Q3 2008
Deposit mix
80%Interest-bearing $85.7M20%Noninterest $20.9MQ3 2007Q3 2008

NIM

6.67%Q3 ’066.56%Q3 ’075.63%Q3 ’08-12%-4%

Non-interest income vs. expense

4.13%Q3 ’064.76%Q3 ’074.74%Q3 ’08+27%-5%

Executive Summary

  • Earnings: ROA of -0.62%, down 93 bps year over year; NIM at 3.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.50%.
  • Funding: loans stand at 92.27% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.62%-93 bps YoY

Net Interest Margin (YTD, annualized)

3.83%-18 bps YoY

Efficiency Ratio (YTD, annualized)

89.87%+21 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.31%0.17%-0.60%-0.44%-0.62%-93 bps
Return on Equity3.29%1.77%-5.89%-4.21%-5.85%-915 bps
Net Interest Margin4.00%4.09%3.76%3.91%3.83%-18 bps
Efficiency Ratio89.66%86.74%88.88%86.12%89.87%+21 bps
Non-Interest Burden3.45%3.36%3.20%3.17%3.29%-16 bps
Growth
Asset Growth (YoY)4.49%5.82%6.26%9.86%4.24%-26 bps
Loan Growth (YoY)11.36%14.56%15.23%9.33%-0.82%-1,219 bps
Deposit Growth (YoY)7.57%3.00%1.98%6.05%1.90%-568 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.19%0.36%1.26%1.50%+147 bps
Allowance / Loans1.32%1.65%1.98%1.90%2.17%+85 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 Capital10.38%10.14%12.50%12.53%12.65%+227 bps
Equity / Assets9.39%9.23%11.10%10.95%11.00%+161 bps
Liquidity & Funding
Loans / Deposits94.80%96.88%97.24%95.92%92.27%-253 bps
Liquid Assets / Assets0.02%0.02%0.04%0.04%0.03%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a