Farmington, MN · Cert 5147
FDIC
Q3 2008
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Farmington, MN · Cert 5147
FDIC
Q3 2008
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.06% | 0.35% | 0.29% | 0.31% | 0.17% | -0.60% | -0.44% | -0.62% | -93 bps | |
| Return on Equity | 10.96% | 3.76% | 3.10% | 3.29% | 1.77% | -5.89% | -4.21% | -5.85% | -915 bps | |
| Net Interest Margin | 4.45% | 4.07% | 4.01% | 4.00% | 4.09% | 3.76% | 3.91% | 3.83% | -18 bps | |
| Efficiency Ratio | 69.90% | 88.36% | 90.81% | 89.66% | 86.74% | 88.88% | 86.12% | 89.87% | +21 bps | |
| Non-Interest Burden | 2.70% | 3.46% | 3.52% | 3.45% | 3.36% | 3.20% | 3.17% | 3.29% | -16 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 11.43% | 14.15% | 7.96% | 4.49% | 5.82% | 6.26% | 9.86% | 4.24% | -26 bps | |
| Loan Growth (YoY) | 7.96% | 10.50% | 13.42% | 11.36% | 14.56% | 15.23% | 9.33% | -0.82% | -1,219 bps | |
| Deposit Growth (YoY) | 17.19% | 18.63% | 9.66% | 7.57% | 3.00% | 1.98% | 6.05% | 1.90% | -568 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.06% | 0.00% | 0.03% | 0.03% | 0.19% | 0.36% | 1.26% | 1.50% | +147 bps | |
| Allowance / Loans | 1.36% | 1.35% | 1.30% | 1.32% | 1.65% | 1.98% | 1.90% | 2.17% | +85 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 10.94% | 10.67% | 10.40% | 10.38% | 10.14% | 12.50% | 12.53% | 12.65% | +227 bps | |
| Equity / Assets | 9.57% | 9.25% | 9.55% | 9.39% | 9.23% | 11.10% | 10.95% | 11.00% | +161 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 87.10% | 86.06% | 93.05% | 94.80% | 96.88% | 97.24% | 95.92% | 92.27% | -253 bps | |
| Liquid Assets / Assets | 0.02% | 0.02% | 0.03% | 0.02% | 0.02% | 0.04% | 0.04% | 0.03% | +1 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |