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Summit Community Bank

Maplewood, MN · Cert 58552

FDIC

Q3 2013

$66.2MAssets
$47.4MLoans
$51.8MDeposits
$11.3MEquity
Loan mix
70%RE $23.6M30%C&I $10.2M0%Consumer $0.1MQ3 2012Q3 2013
Deposit mix
70%Interest-bearing $36.1M30%Noninterest $15.7MQ3 2012Q3 2013

NIM

4.91%Q3 ’115.51%Q3 ’124.85%Q3 ’13+25%-10%

Non-interest income vs. expense

2.43%Q3 ’112.31%Q3 ’122.60%Q3 ’13-18%-3%

Executive Summary

  • Earnings: ROA of 2.27%, up 59 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 91.57% of deposits as of Q3 2013.

Financial Results

Return on Assets (YTD, annualized)

2.27%+59 bps YoY

Net Interest Margin (YTD, annualized)

4.37%-49 bps YoY

Efficiency Ratio (YTD, annualized)

51.64%+708 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets1.68%2.00%1.91%1.93%2.27%+59 bps
Return on Equity10.24%11.87%10.60%10.88%12.93%+269 bps
Net Interest Margin4.86%4.46%4.49%4.43%4.37%-49 bps
Efficiency Ratio44.56%42.98%50.39%54.29%51.64%+708 bps
Non-Interest Burden1.99%1.45%1.92%2.16%1.93%-5 bps
Growth
Asset Growth (YoY)1.30%-2.22%3.24%0.99%4.08%+279 bps
Loan Growth (YoY)8.94%6.92%2.54%5.30%3.58%-536 bps
Deposit Growth (YoY)-3.10%-5.71%2.46%-0.03%6.27%+938 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.33%1.02%0.00%0.00%0.00%-133 bps
Allowance / Loans1.80%1.95%2.19%2.12%2.04%+24 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 Capital22.80%24.04%23.25%23.86%24.03%+123 bps
Equity / Assets16.79%18.36%17.63%17.33%17.09%+30 bps
Liquidity & Funding
Loans / Deposits93.95%97.39%92.36%93.03%91.57%-238 bps
Liquid Assets / Assets3.54%7.21%9.50%6.97%9.08%+553 bps
CRE / Total Capitaln/an/an/an/an/an/an/a