Department Stores National Bank

Sioux Falls, SD · Cert 58180

FDIC · 1 branch

Q2 2022

$717.2MAssets

$38.7MLoans

$250.2MDeposits

$458.8MEquity

Deposit mix

NIM

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

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%.

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

Year to date, annualized, through each quarter.

Metric	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022	YoY Δ	Trend
Earnings
Return on Assets	0.61%	0.73%	0.70%	0.86%	0.88%	+27 bps
Return on Equity	0.96%	1.15%	1.10%	1.37%	1.39%	+43 bps
Net Interest Margin	1.22%	1.23%	0.99%	1.45%	1.53%	+31 bps
Efficiency Ratio	43.03%	33.29%	33.25%	27.35%	26.77%	-1,626 bps
Non-Interest Burden	0.54%	0.42%	0.34%	0.39%	0.42%	-12 bps
Growth
Asset Growth (YoY)	119.79%	0.47%	1.01%	0.96%	1.06%	-11,873 bps
Loan Growth (YoY)	-15.30%	-7.82%	-3.71%	-4.91%	-5.04%	+1,026 bps
Deposit Growth (YoY)	-0.02%	0.00%	0.01%	0.04%	0.02%	+4 bps
Asset Quality
Nonperforming Loans / Loans	0.90%	0.96%	0.94%	1.15%	1.08%	+18 bps
Net Charge-Offs / Loans	0.42%	0.14%	-0.02%	-0.40%	-0.45%	-87 bps
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	62.55%	63.93%	52.30%	63.74%	62.59%	+4 bps
Total Risk-Based Capital	247%	249%	239%	242%	251%	+390 bps
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Deposits	16.29%	15.45%	19.30%	14.33%	15.46%	-82 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a