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American Bank of Nashwauk, The

Nashwauk, MN · Cert 5216

FDIC · 14 branches

Q1 2021

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: Q1 2021, the quarter ended March 31, 2021, 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

American Bank of Nashwauk, The

Nashwauk, MN · Cert 5216

FDIC · 14 branches

Q1 2021

$671.7MAssets
$396.4MLoans
$608.0MDeposits
$56.7MEquity
Loan mix
65%RE $172.3M32%C&I $85.7M3%Consumer $8.1MQ1 2020Q1 2021
Deposit mix
90%Interest-bearing $545.4M10%Noninterest $62.7MQ1 2020Q1 2021

NIM

4.01%Q1 ’194.06%Q1 ’204.31%Q1 ’21+0%+14%

Non-interest income vs. expense

2.77%Q1 ’192.84%Q1 ’202.53%Q1 ’21-6%-22%

Market Position · Duluth, MN-WI · 2020 SOD (annual) · 6.4% share · #4 of 28 inst. · $0.3B of $5.3B

8.3% St. Louis
23.5% Itasca
0.0% Carver

Executive Summary

  • Earnings: ROA of 1.64%, up 58 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 0.54% of loans (-83 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.69%, down 351 bps from a year ago.
  • Funding: loans stand at 65.19% of deposits as of Q1 2021.

Financial Results

Return on Assets (YTD, annualized)

1.64%+58 bps YoY

Net Interest Margin (YTD, annualized)

4.21%+52 bps YoY

Efficiency Ratio (YTD, annualized)

48.18%-1,814 bps YoY

Tier 1 Leverage Ratio

7.69%-351 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2020Q2 2020Q3 2020Q4 2020Q1 2021YoY ΔTrend
Earnings
Return on Assets1.06%1.00%0.13%0.42%1.64%+58 bps
Return on Equity9.63%9.49%1.28%4.38%19.30%+967 bps
Net Interest Margin3.69%3.38%0.35%1.19%4.21%+52 bps
Efficiency Ratio66.32%62.77%54.87%56.40%48.18%-1,814 bps
Non-Interest Burden2.25%1.88%0.18%0.61%1.76%-50 bps
Growth
Asset Growth (YoY)-2.88%20.76%19.81%20.22%29.38%+3,226 bps
Loan Growth (YoY)-2.66%14.80%12.62%8.60%1.77%+443 bps
Deposit Growth (YoY)-2.37%21.49%20.72%25.58%34.19%+3,656 bps
Asset Quality
Nonperforming Loans / Loans1.38%1.19%1.04%1.12%0.54%-83 bps
Net Charge-Offs / Loans-0.02%0.00%0.00%-0.04%0.00%+2 bps
Allowance / Loans1.51%1.47%0.01%0.09%0.17%-135 bps
Allowance Coverage of NPLs1.1x1.2x0.0x0.1x0.3x-0.8x
Capital
Tier 1 Leverage Ratio11.19%10.05%7.31%7.67%7.69%-351 bps
Total Risk-Based Capital16.35%16.59%12.40%13.13%13.91%-244 bps
Equity / Assets11.36%9.76%8.35%8.58%8.44%-292 bps
Liquidity & Funding
Loans / Deposits85.96%82.80%77.31%71.31%65.19%-2,077 bps
Liquid Assets / Assets12.92%9.48%13.95%18.57%22.36%+943 bps
CRE / Total Capitaln/an/an/an/an/an/an/a