S&C Bank, Minnesota

Almelund, MN · Cert 57076

FDIC

Q4 2001

$27.3MAssets

$11.1MLoans

$22.8MDeposits

$4.2MEquity

Deposit mix

Executive Summary

Earnings: ROA of 0.53%, up 47 bps year over year; NIM at 3.63%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.58%.
Funding: loans stand at 48.65% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

0.53%+47 bps YoY

Net Interest Margin (quarter, annualized)

3.63%

Efficiency Ratio (quarter, annualized)

78.79%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	0.20%	0.06%	0.18%	0.90%¹	-0.18%	0.53%	+47 bps
Return on Equity	n/a	n/a	n/a	5.51%	-1.14%	3.42%	n/a
Net Interest Margin	n/a	n/a	3.77%	3.88%	3.63%	3.63%	n/a
Efficiency Ratio	n/a	n/a	92.66%	83.28%	106.33%	78.79%	n/a
Non-Interest Burden	n/a	n/a	3.42%	3.07%	3.91%	2.71%	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	n/a	-2.63%	0.66%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	138.29%	97.86%	n/a
Deposit Growth (YoY)	n/a	n/a	n/a	n/a	-4.09%	0.48%	n/a
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	0.15%	0.03%	0.03%	0.58%	n/a
Allowance / Loans	n/a	n/a	1.33%	0.87%	0.87%	0.93%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	18.87%	15.83%	14.38%	16.22%	n/a
Equity / Assets	n/a	n/a	16.32%	16.24%	15.47%	15.44%	n/a
Liquidity & Funding
Loans / Deposits	23.34%	24.70%	38.16%	60.08%	58.00%	48.65%	+2,394 bps
Liquid Assets / Assets	0.00%	0.00%	1.74%	0.19%	0.18%	0.18%	+18 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a