Duluth Medical Services

Duluth, MN · Charter 63086

Q2 1999

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 1999, the quarter ended June 30, 1999, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Duluth, MN · Charter 63086

Q2 1999

$8.5MAssets

$4.0MLoans

$7.8MShares

n/aNet Worth

Return on Assets (YTD, annualized)

2.20%-118 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	Q2 1999	YoY Δ	Trend
Earnings
Return on Assets	3.88%	3.39%	3.98%	3.37%	3.86%	3.34%	3.31%	2.20%	-118 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	23.06%	9.39%	10.99%	9.40%	17.17%	24.74%	26.17%	+1,518 bps
Loan Growth (YoY)	n/a	-1.82%	18.36%	36.31%	36.19%	20.99%	-5.58%	-24.55%	-6,086 bps
Share Growth (YoY)	n/a	21.19%	7.04%	9.17%	7.36%	15.95%	25.57%	27.33%	+1,816 bps
Asset Quality
Delinquent Loans / Loans	0.44%	1.44%	0.59%	0.67%	1.03%	2.55%	1.51%	3.73%	+307 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.89%	0.88%	0.76%	0.67%	0.71%	0.60%	0.55%	0.98%	+31 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	70.62%	64.07%	82.47%	85.64%	89.59%	66.85%	62.01%	50.74%	-3,489 bps
Liquid Assets / Assets	18.46%	29.22%	18.46%	15.93%	12.02%	31.18%	36.07%	36.39%	+2,046 bps