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Department Stores National Bank

Sioux Falls, SD · Cert 58180

FDIC · 1 branch

Q2 2022

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 2022, the quarter ended June 30, 2022, 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

Department Stores National Bank

Sioux Falls, SD · Cert 58180

FDIC · 1 branch

Q2 2022

$717.2MAssets
$38.7MLoans
$250.2MDeposits
$458.8MEquity
Deposit mix
100%Interest-bearing $250.0M0%Noninterest $0.2MQ3 2020Q2 2022

Market Position · Sioux Falls, SD · 2022 SOD (annual) · 0.0% share · #12 of 40 inst. · $0.3B of $690.0B

Executive Summary

  • Earnings: ROA of 0.88%, up 27 bps year over year; NIM at 1.53%.
  • Asset quality: problem loans at 1.08% of loans (+18 bps YoY), with net recoveries of 0.45%.
  • Capital: tier 1 leverage ratio of 62.59%, up 4 bps from a year ago.
  • Funding: loans stand at 15.46% of deposits as of Q2 2022.

Return on Assets (YTD, annualized)

0.88%+27 bps YoY

Net Interest Margin (YTD, annualized)

1.53%+31 bps YoY

Efficiency Ratio (YTD, annualized)

26.77%-1,626 bps YoY

Tier 1 Leverage Ratio

62.59%+4 bps YoY

NIM

3.91%Q2 ’201.29%Q2 ’211.70%Q2 ’22-55%+25%

Non-interest income vs. expense

1.22%Q2 ’200.56%Q2 ’210.43%Q2 ’22-56%-23%

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets0.67%0.68%0.88%0.61%0.73%0.70%0.86%0.88%+27 bps
Return on Equity1.80%1.50%1.40%0.96%1.15%1.10%1.37%1.39%+43 bps
Net Interest Margin2.68%1.00%1.44%1.22%1.23%0.99%1.45%1.53%+31 bps
Efficiency Ratio49.12%45.27%18.76%43.03%33.29%33.25%27.35%26.77%-1,626 bps
Non-Interest Burden1.38%0.48%0.30%0.54%0.42%0.34%0.39%0.42%-12 bps
Growth
Asset Growth (YoY)116.89%118.28%110.92%119.79%0.47%1.01%0.96%1.06%-11,873 bps
Loan Growth (YoY)-28.59%-29.33%-24.73%-15.30%-7.82%-3.71%-4.91%-5.04%+1,026 bps
Deposit Growth (YoY)-0.01%-0.01%-0.03%-0.02%0.00%0.01%0.04%0.02%+4 bps
Asset Quality
Nonperforming Loans / Loans1.91%1.40%1.31%0.90%0.96%0.94%1.15%1.08%+18 bps
Net Charge-Offs / Loans3.25%2.23%0.98%0.42%0.14%-0.02%-0.40%-0.45%-87 bps
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio135.99%51.27%63.70%62.55%63.93%52.30%63.74%62.59%+4 bps
Total Risk-Based Capital241%234%240%247%249%239%242%251%+390 bps
Equity / Assetsn/an/an/an/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits16.76%20.04%15.08%16.29%15.45%19.30%14.33%15.46%-82 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a