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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

6.11%Q4 ’036.10%Q4 ’046.69%Q4 ’05-4%-8%

Non-interest income vs. expense

3.08%Q4 ’032.67%Q4 ’042.59%Q4 ’05-14%-4%

Executive Summary

  • Earnings: ROA of 1.14%, up 15 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 108.59% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.14%+15 bps YoY

Net Interest Margin (quarter, annualized)

4.08%-37 bps YoY

Efficiency Ratio (quarter, annualized)

55.43%+248 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets0.99%0.86%1.18%0.80%1.14%+15 bps
Return on Equity10.89%9.68%13.40%9.00%12.64%+176 bps
Net Interest Margin4.45%4.14%4.42%4.08%4.08%-37 bps
Efficiency Ratio52.95%60.51%56.10%58.53%55.43%+248 bps
Non-Interest Burden2.22%2.42%2.29%2.27%2.13%-10 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 / Loans0.07%-0.04%0.52%0.00%-0.01%-8 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