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First Minnesota Bank, National Association

Minnetonka, MN · Cert 5151

FDIC · 10 branches

Q2 2019

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: Q2 2019, the quarter ended June 30, 2019, 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

First Minnesota Bank, National Association

Minnetonka, MN · Cert 5151

FDIC · 10 branches

Q2 2019

$352.0MAssets
$125.1MLoans
$283.6MDeposits
$57.0MEquity
Loan mix
76%RE $64.5M18%C&I $15.2M6%Consumer $4.8MQ2 2018Q2 2019
Deposit mix
82%Interest-bearing $233.8M18%Noninterest $49.8MQ2 2018Q2 2019

NIM

3.36%Q2 ’173.91%Q2 ’183.73%Q2 ’19+21%-9%

Non-interest income vs. expense

2.36%Q2 ’172.46%Q2 ’182.41%Q2 ’19+33%-19%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2019 SOD (annual) · 0.1% share · #48 of 145 inst. · $0.2B of $189.3B

11.0% McLeod
0.1% Hennepin
4.0% Wright
0.8% Carver

Executive Summary

  • Earnings: ROA of 1.17%, up 30 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.15% of loans (-39 bps YoY), with net recoveries of 0.03%.
  • Capital: tier 1 leverage ratio of 15.70%, up 138 bps from a year ago.
  • Funding: loans stand at 44.12% of deposits as of Q2 2019.

Financial Results

Return on Assets (YTD, annualized)

1.17%+30 bps YoY

Net Interest Margin (YTD, annualized)

3.14%-30 bps YoY

Efficiency Ratio (YTD, annualized)

66.03%-320 bps YoY

Tier 1 Leverage Ratio

15.70%+138 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2018Q3 2018Q4 2018Q1 2019Q2 2019YoY ΔTrend
Earnings
Return on Assets0.87%0.96%1.16%1.17%1.17%+30 bps
Return on Equity6.00%6.58%7.86%7.42%7.32%+132 bps
Net Interest Margin3.44%3.50%3.48%3.14%3.14%-30 bps
Efficiency Ratio69.22%66.92%61.78%70.44%66.03%-320 bps
Non-Interest Burden2.33%2.22%1.86%2.06%1.89%-44 bps
Growth
Asset Growth (YoY)-8.28%-6.67%-7.05%-6.25%-3.08%+520 bps
Loan Growth (YoY)2.19%-1.18%-0.13%-3.10%-3.39%-559 bps
Deposit Growth (YoY)-8.39%-4.43%-5.82%-5.39%-3.55%+484 bps
Asset Quality
Nonperforming Loans / Loans0.54%0.27%0.26%0.26%0.15%-39 bps
Net Charge-Offs / Loans-0.03%-0.02%0.05%-0.03%-0.03%0 bps
Allowance / Loans1.92%1.94%1.92%1.43%1.32%-59 bps
Allowance Coverage of NPLs3.5x7.3x7.3x5.5x8.6x+5.1x
Capital
Tier 1 Leverage Ratio14.32%14.97%15.19%15.79%15.70%+138 bps
Total Risk-Based Capital24.61%25.27%27.74%28.30%29.35%+474 bps
Equity / Assets14.64%14.89%15.73%15.93%16.19%+154 bps
Liquidity & Funding
Loans / Deposits44.05%43.23%43.64%44.42%44.12%+7 bps
Liquid Assets / Assets11.19%11.62%17.88%26.51%28.90%+1,771 bps
CRE / Total Capitaln/an/an/an/an/an/an/a