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Americana National Bank

Albert Lea, MN · Cert 5174

FDIC

Q3 2004

$80.8MAssets
$39.6MLoans
$69.5MDeposits
$5.9MEquity
Loan mix
51%RE $10.9M48%C&I $10.2M1%Consumer $0.3MQ3 2003Q3 2004
Deposit mix
57%Interest-bearing $39.3M43%Noninterest $30.2MQ3 2003Q3 2004

NIM

5.26%Q3 ’024.86%Q3 ’03-6.25%Q3 ’04+3%-230%

Non-interest income vs. expense

7.21%Q3 ’029.10%Q3 ’03-15.07%Q3 ’04+89%-252%

Executive Summary

  • Earnings: ROA of 1.56%, up 223 bps year over year; NIM at -4.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 56.95% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

1.56%+223 bps YoY

Net Interest Margin (quarter, annualized)

-4.71%-835 bps YoY

Efficiency Ratio (quarter, annualized)

84.16%-2,021 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets-0.67%-1.46%-0.14%-0.73%1.56%+223 bps
Return on Equity-9.05%-21.20%-2.06%-9.65%20.47%+2,952 bps
Net Interest Margin3.63%3.10%3.09%3.03%-4.71%-835 bps
Efficiency Ratio104.37%97.45%93.32%107.18%84.16%-2,021 bps
Non-Interest Burden4.72%5.27%3.24%4.37%-7.17%-1,189 bps
Growth
Asset Growth (YoY)6.33%-3.49%0.76%-12.46%-19.10%-2,543 bps
Loan Growth (YoY)-7.68%-9.77%-14.17%-25.88%-27.27%-1,959 bps
Deposit Growth (YoY)11.36%-1.40%3.54%-9.49%-18.72%-3,008 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.11%0.00%1.05%-0.02%0.08%-103 bps
Allowance / Loans1.24%1.31%1.23%1.53%2.27%+103 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 Capital9.70%9.72%9.93%10.96%10.86%+116 bps
Equity / Assets6.99%6.77%7.19%7.89%7.34%+35 bps
Liquidity & Funding
Loans / Deposits63.65%61.39%61.84%60.90%56.95%-669 bps
Liquid Assets / Assets0.09%0.10%0.10%0.12%0.12%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a