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Midwest Bank, National Association

Parkers Prairie, MN · Cert 5224

FDIC

Q4 2005

$97.2MAssets
$89.3MLoans
$82.3MDeposits
$8.8MEquity
Loan mix
68%RE $29.5M31%C&I $13.5M0%Consumer $0.1MQ4 2004Q4 2005
Deposit mix
88%Interest-bearing $72.2M12%Noninterest $10.1MQ4 2004Q4 2005

NIM

5.75%Q4 ’035.68%Q4 ’046.31%Q4 ’05+2%-3%

Non-interest income vs. expense

2.86%Q4 ’032.66%Q4 ’042.70%Q4 ’05-6%+3%

Executive Summary

  • Earnings: ROA of 1.00%, down 9 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 108.59% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.00%-9 bps YoY

Net Interest Margin (YTD, annualized)

4.10%-14 bps YoY

Efficiency Ratio (YTD, annualized)

57.57%+311 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.09%0.86%1.02%0.95%1.00%-9 bps
Return on Equity11.88%9.68%11.55%10.68%11.19%-69 bps
Net Interest Margin4.24%4.14%4.17%4.09%4.10%-14 bps
Efficiency Ratio54.45%60.51%58.14%58.27%57.57%+311 bps
Non-Interest Burden2.16%2.42%2.29%2.26%2.23%+7 bps
Growth
Asset Growth (YoY)22.67%19.21%17.19%14.91%10.03%-1,264 bps
Loan Growth (YoY)27.73%21.88%17.47%17.07%11.78%-1,595 bps
Deposit Growth (YoY)22.77%21.41%24.67%8.18%15.02%-775 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%-0.04%0.24%0.16%0.11%+3 bps
Allowance / Loans1.12%1.17%1.09%1.23%1.25%+12 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 Capital10.25%10.15%10.17%10.38%10.42%+17 bps
Equity / Assets8.94%8.78%8.87%8.93%9.06%+12 bps
Liquidity & Funding
Loans / Deposits111.74%112.16%109.15%112.10%108.59%-315 bps
Liquid Assets / Assets0.11%0.11%0.11%0.10%0.10%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a