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Target Bank

Salt Lake City, UT · Cert 57769

FDIC · 1 branch

Q2 2015

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2015, the quarter ended June 30, 2015, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Target Bank

Salt Lake City, UT · Cert 57769

FDIC · 1 branch

Q2 2015

$69.2MAssets
$805KLoans
$47.9MDeposits
$10.2MEquity
Deposit mix
23%Interest-bearing $11.0M77%Noninterest $36.9MQ2 2014Q2 2015

NIM

0.18%Q2 ’130.22%Q2 ’140.19%Q2 ’15+53%-27%

Non-interest income vs. expense

10.51%Q2 ’1311.54%Q2 ’1412.41%Q2 ’15-24%-3%

Market Position · Salt Lake City, UT · 2015 SOD (annual) · 0.0% share · #37 of 44 inst. · $0.0B of $489.3B

Executive Summary

  • Earnings: ROA of 17.98%, up 180 bps year over year; NIM at 0.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 11.93%.
  • Capital: tier 1 leverage ratio of 15.55%.
  • Funding: loans stand at 1.68% of deposits as of Q2 2015.

Financial Results

Return on Assets (YTD, annualized)

17.98%+180 bps YoY

Net Interest Margin (YTD, annualized)

0.13%-5 bps YoY

Efficiency Ratio (YTD, annualized)

25.45%+81 bps YoY

Tier 1 Leverage Ratio

15.55%

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets16.18%16.02%14.46%17.00%17.98%+180 bps
Return on Equity100.13%94.26%103.36%196.02%173.38%+7,325 bps
Net Interest Margin0.18%0.19%0.12%0.11%0.13%-5 bps
Efficiency Ratio24.64%26.00%25.91%27.10%25.45%+81 bps
Non-Interest Burden-35.12%-34.76%-24.78%-40.70%-36.21%-109 bps
Growth
Asset Growth (YoY)-10.12%-1.45%10.94%5.59%27.52%+3,764 bps
Loan Growth (YoY)-0.56%5.48%0.61%6.78%-77.42%-7,686 bps
Deposit Growth (YoY)0.59%13.63%20.84%39.20%46.19%+4,560 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.73%1.25%0.95%3.71%11.93%+1,120 bps
Allowance / Loans1.94%2.03%2.15%3.67%15.53%+1,359 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a11.07%15.55%n/a
Total Risk-Based Capital58.34%56.74%27.56%28.99%42.49%-1,585 bps
Equity / Assets17.69%20.92%7.37%11.37%14.73%-296 bps
Liquidity & Funding
Loans / Deposits10.89%12.10%4.92%6.72%1.68%-921 bps
Liquid Assets / Assets14.80%13.01%5.02%3.46%2.89%-1,191 bps
CRE / Total Capitaln/an/an/an/an/an/an/a