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Letter portraitLegal landscapeQuarterYTD

First National Bank of Pine City, The

Pine City, MN · Cert 5226

FDIC

Q3 2007

$55.3MAssets
$35.1MLoans
$43.9MDeposits
$10.9MEquity
Loan mix
85%RE $23.2M15%C&I $4.0M0%Consumer $0.1MQ4 2005Q3 2007
Deposit mix
88%Interest-bearing $38.8M12%Noninterest $5.2MQ4 2005Q3 2007

Executive Summary

  • Earnings: ROA of 2.01%, up 18 bps year over year; NIM at 4.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 79.79% of deposits as of Q3 2007.

Return on Assets (YTD, annualized)

2.01%+18 bps YoY

Net Interest Margin (YTD, annualized)

4.19%+18 bps YoY

Efficiency Ratio (YTD, annualized)

56.52%-113 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.60%Q3 ’056.19%Q3 ’066.46%Q3 ’07-1%+4%

Non-interest income vs. expense

2.55%Q3 ’052.56%Q3 ’062.61%Q3 ’07+1%+2%

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.90%1.88%1.83%1.83%0.01%2.10%2.17%2.01%+18 bps
Return on Equity18.44%18.70%17.93%17.76%0.08%11.44%11.61%10.60%-715 bps
Net Interest Margin4.09%3.99%4.06%4.02%0.04%3.99%4.19%4.19%+18 bps
Efficiency Ratio58.20%55.50%57.37%57.65%82.14%52.57%52.54%56.52%-113 bps
Non-Interest Burden2.20%2.01%2.14%2.14%0.03%1.89%1.99%2.19%+5 bps
Growth
Asset Growth (YoY)-0.40%-3.22%1.76%-0.58%2.28%6.30%1.83%4.28%+485 bps
Loan Growth (YoY)6.00%5.22%3.93%2.30%3.10%1.00%3.50%4.66%+236 bps
Deposit Growth (YoY)-0.18%-3.70%2.57%-0.69%-7.36%-3.55%-8.49%-6.31%-562 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%-0.02%-0.02%0.01%0.00%0.12%0.08%+9 bps
Allowance / Loans1.43%1.44%1.44%1.42%1.41%1.43%1.31%1.28%-14 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital20.40%21.68%22.08%21.60%19.36%24.46%24.09%24.26%+266 bps
Equity / Assets9.54%10.58%10.44%10.65%17.95%18.82%19.40%19.69%+905 bps
Liquidity & Funding
Loans / Deposits64.82%70.46%68.63%71.42%72.14%73.78%77.62%79.79%+837 bps
Liquid Assets / Assets0.23%0.25%0.06%0.07%0.06%0.07%0.07%0.07%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a