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First National Bank of Northfield, The

Northfield, MN · Cert 5218

FDIC · 2 branches

Q1 2020

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 2020, the quarter ended March 31, 2020, 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 National Bank of Northfield, The

Northfield, MN · Cert 5218

FDIC · 2 branches

Q1 2020

$239.8MAssets
$160.0MLoans
$203.0MDeposits
$35.4MEquity
Loan mix
77%RE $81.9M22%C&I $23.5M1%Consumer $0.8MQ1 2019Q1 2020
Deposit mix
74%Interest-bearing $150.6M26%Noninterest $52.4MQ1 2019Q1 2020

NIM

3.88%Q1 ’184.21%Q1 ’193.54%Q1 ’20+4%-16%

Non-interest income vs. expense

2.90%Q1 ’182.74%Q1 ’193.38%Q1 ’20-5%+31%

Executive Summary

  • Earnings: ROA of -0.06%, down 131 bps year over year; NIM at 3.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Capital: tier 1 leverage ratio of 10.31%, up 73 bps from a year ago.
  • Funding: loans stand at 78.80% of deposits as of Q1 2020.

Financial Results

Return on Assets (YTD, annualized)

-0.06%-131 bps YoY

Net Interest Margin (YTD, annualized)

3.05%-57 bps YoY

Efficiency Ratio (YTD, annualized)

90.68%+2,425 bps YoY

Tier 1 Leverage Ratio

10.31%+73 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2019Q2 2019Q3 2019Q4 2019Q1 2020YoY ΔTrend
Earnings
Return on Assets1.25%1.37%0.12%0.19%-0.06%-131 bps
Return on Equity13.41%14.84%1.13%1.66%-0.43%-1,384 bps
Net Interest Margin3.62%3.47%0.37%1.00%3.05%-57 bps
Efficiency Ratio66.43%62.93%57.95%67.72%90.68%+2,425 bps
Non-Interest Burden2.23%2.00%0.18%0.69%2.92%+69 bps
Growth
Asset Growth (YoY)4.33%12.42%21.31%19.09%16.63%+1,230 bps
Loan Growth (YoY)6.56%7.57%5.19%1.14%1.84%-472 bps
Deposit Growth (YoY)4.31%12.91%15.09%12.52%12.19%+788 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.04%0.00%0.00%-0.02%-11 bps
Allowance / Loans1.32%1.30%0.02%0.05%0.08%-124 bps
Allowance Coverage of NPLs519.8x1077.0xn/an/an/an/a
Capital
Tier 1 Leverage Ratio9.57%9.26%10.84%9.99%10.31%+73 bps
Total Risk-Based Capital14.00%13.89%14.64%14.16%14.42%+42 bps
Equity / Assets9.49%9.14%14.13%14.26%14.78%+530 bps
Liquidity & Funding
Loans / Deposits86.81%84.07%78.61%77.41%78.80%-801 bps
Liquid Assets / Assets9.34%12.15%14.43%16.78%15.25%+591 bps
CRE / Total Capitaln/an/an/an/an/an/an/a