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First National Bank of Hudson

Woodbury, MN · Cert 5348

FDIC

Q1 2007

$381.6MAssets
$307.4MLoans
$321.8MDeposits
$38.1MEquity
Loan mix
85%RE $229.7M14%C&I $38.7M1%Consumer $2.2MQ1 2006Q1 2007
Deposit mix
96%Interest-bearing $308.1M4%Noninterest $13.6MQ1 2006Q1 2007

NIM

5.52%Q1 ’056.02%Q1 ’066.30%Q1 ’07-10%-3%

Non-interest income vs. expense

3.09%Q1 ’053.03%Q1 ’062.92%Q1 ’07+0%-11%

Executive Summary

  • Earnings: ROA of 2.06%, up 16 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 95.53% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

2.06%+16 bps YoY

Net Interest Margin (quarter, annualized)

3.79%-13 bps YoY

Efficiency Ratio (quarter, annualized)

57.84%-185 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.90%1.65%2.25%2.16%2.06%+16 bps
Return on Equity21.23%18.40%25.23%23.73%21.38%+15 bps
Net Interest Margin3.92%3.82%3.79%3.91%3.79%-13 bps
Efficiency Ratio59.70%65.53%59.77%57.83%57.84%-185 bps
Non-Interest Burden1.87%2.03%1.78%1.73%1.67%-20 bps
Growth
Asset Growth (YoY)4.21%1.95%1.20%-0.97%0.41%-380 bps
Loan Growth (YoY)2.31%0.24%1.66%-0.82%-3.15%-546 bps
Deposit Growth (YoY)11.94%5.02%-0.24%3.40%3.75%-819 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.09%0.17%0.11%0.06%+3 bps
Allowance / Loans1.16%1.17%1.03%1.02%1.05%-11 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 Capital12.24%12.12%11.85%12.35%13.05%+81 bps
Equity / Assets9.04%8.91%8.89%9.33%9.97%+94 bps
Liquidity & Funding
Loans / Deposits102.33%103.83%106.67%99.18%95.53%-680 bps
Liquid Assets / Assets3.29%3.12%3.15%3.12%2.94%-35 bps
CRE / Total Capitaln/an/an/an/an/an/an/a