PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Pinehurst Bank

Saint Paul, MN · Cert 57735

FDIC

Q1 2010

$61.2MAssets
$57.4MLoans
$58.3MDeposits
$-446KEquity
Loan mix
74%RE $32.1M25%C&I $11.0M1%Consumer $0.5MQ1 2009Q1 2010
Deposit mix
94%Interest-bearing $54.9M6%Noninterest $3.4MQ1 2009Q1 2010

NIM

6.77%Q1 ’086.36%Q1 ’095.41%Q1 ’10+11%-3%

Non-interest income vs. expense

3.83%Q1 ’083.19%Q1 ’094.24%Q1 ’10-20%+26%

Executive Summary

  • Earnings: ROA of -7.59%, down 773 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.61%.
  • Funding: loans stand at 98.47% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-7.59%-773 bps YoY

Net Interest Margin (quarter, annualized)

3.53%-12 bps YoY

Efficiency Ratio (quarter, annualized)

106.88%+2,349 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.15%-0.91%-16.11%-15.19%-7.59%-773 bps
Return on Equity1.54%-10.07%-231%-500%-3120%-312,128 bps
Net Interest Margin3.65%3.15%3.57%3.29%3.53%-12 bps
Efficiency Ratio83.39%103.67%84.84%92.36%106.88%+2,349 bps
Non-Interest Burden3.02%3.27%3.01%3.03%3.81%+79 bps
Growth
Asset Growth (YoY)27.88%22.19%12.68%10.93%-7.77%-3,565 bps
Loan Growth (YoY)28.85%22.48%14.71%2.89%-7.14%-3,599 bps
Deposit Growth (YoY)35.87%35.92%33.69%38.27%17.54%-1,833 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.12%7.08%8.13%2.61%+261 bps
Allowance / Loans2.10%2.28%5.07%7.45%9.03%+693 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 Capital11.35%11.14%7.00%2.72%-0.88%-1,223 bps
Equity / Assets9.02%9.07%4.93%1.15%-0.73%-975 bps
Liquidity & Funding
Loans / Deposits124.65%126.27%114.17%100.24%98.47%-2,618 bps
Liquid Assets / Assets0.00%0.00%0.00%5.28%0.08%+8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a