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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

5.10%Q3 ’115.49%Q3 ’125.15%Q3 ’13+18%-5%

Non-interest income vs. expense

2.47%Q3 ’112.19%Q3 ’122.68%Q3 ’13-39%+7%

Executive Summary

  • Earnings: ROA of 2.94%, up 74 bps year over year; NIM at 4.68%.
  • 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 (quarter, annualized)

2.94%+74 bps YoY

Net Interest Margin (quarter, annualized)

4.68%-23 bps YoY

Efficiency Ratio (quarter, annualized)

47.23%+758 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets2.20%2.89%1.91%1.96%2.94%+74 bps
Return on Equity13.24%16.47%10.60%11.20%17.11%+387 bps
Net Interest Margin4.91%3.15%4.49%4.46%4.68%-23 bps
Efficiency Ratio39.64%38.46%50.39%58.37%47.23%+758 bps
Non-Interest Burden1.57%-0.22%1.92%2.44%1.69%+11 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 / Loans0.00%0.06%0.00%0.00%0.00%0 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