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National Bank, The

Edina, MN · Cert 57918

FDIC · 18 branches

Q3 2015

$981.1MAssets
$722.3MLoans
$820.3MDeposits
$138.6MEquity
Loan mix
42%RE $256.3M57%C&I $349.9M2%Consumer $10.2MQ4 2013Q3 2015
Deposit mix
83%Interest-bearing $679.4M17%Noninterest $140.9MQ4 2013Q3 2015

Market Position · Davenport-Moline-Rock Island, IA-IL · 2015 SOD (annual) · 7.1% share · #5 of 38 inst. · $0.5B of $7.5B

11.6% Rock Island
7.2% Scott
31.0% Carroll
0.7% Kane

Executive Summary

  • Earnings: ROA of 1.38%, down 90 bps year over year; NIM at 4.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 13.20%.
  • Funding: loans stand at 88.05% of deposits as of Q3 2015.

Return on Assets (YTD, annualized)

1.38%-90 bps YoY

Net Interest Margin (YTD, annualized)

4.77%+12 bps YoY

Efficiency Ratio (YTD, annualized)

51.83%+1,080 bps YoY

Tier 1 Leverage Ratio

13.20%

NIM

3.74%Q3 ’134.81%Q3 ’145.03%Q3 ’15+43%+3%

Non-interest income vs. expense

3.45%Q3 ’133.32%Q3 ’143.19%Q3 ’15-73%+273%

Year to date, annualized, through each quarter.

MetricQ4 2013Q1 2014Q2 2014Q3 2014Q4 2014Q1 2015Q2 2015Q3 2015YoY ΔTrend
Earnings
Return on Assets0.34%1.21%1.19%2.28%2.10%1.15%1.31%1.38%-90 bps
Return on Equity2.89%9.81%9.94%18.46%16.81%8.76%9.93%10.24%-821 bps
Net Interest Margin1.08%4.62%4.47%4.65%4.58%4.45%4.66%4.77%+12 bps
Efficiency Ratio46.58%54.89%53.19%41.03%42.41%54.69%52.05%51.83%+1,080 bps
Non-Interest Burden0.45%2.48%2.31%0.62%0.96%2.25%2.25%2.30%+168 bps
Growth
Asset Growth (YoY)-6.33%-4.62%7.53%3.27%11.24%12.14%1.77%6.29%+302 bps
Loan Growth (YoY)-0.18%5.55%20.38%16.61%15.76%18.68%8.55%5.34%-1,127 bps
Deposit Growth (YoY)-5.31%-4.42%2.78%2.23%10.26%11.93%4.67%6.00%+377 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 / Loans0.00%-0.08%-0.04%0.01%0.02%0.11%0.07%0.06%+4 bps
Allowance / Loans0.12%0.24%0.38%0.55%0.70%0.76%0.85%0.92%+37 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/a12.57%12.59%13.20%n/a
Total Risk-Based Capital13.02%13.52%12.01%14.48%15.00%15.51%15.32%16.51%+203 bps
Equity / Assets12.19%12.37%11.52%13.37%13.06%13.16%13.48%14.12%+75 bps
Liquidity & Funding
Loans / Deposits79.17%79.62%87.59%88.61%83.12%84.43%90.84%88.05%-55 bps
Liquid Assets / Assets2.54%5.40%2.49%0.76%5.24%5.74%1.01%2.45%+169 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a