Northern States Red Wing

Welch, MN · Charter 63827

Q4 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: Q4 1999, the quarter ended December 31, 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.

Welch, MN · Charter 63827

Q4 1999

$4.0MAssets

$3.3MLoans

$3.5MShares

n/aNet Worth

NIM decomposition not available for credit unions

Non-interest trend not available for credit unions

Return on Assets (YTD, annualized)

0.57%-375 bps YoY

Net Interest Margin (YTD, annualized)

4.29%

Efficiency Ratio (YTD, annualized)

87.21%

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1997	Q2 1998	Q4 1998	Q2 1999	Q4 1999	YoY Δ	Trend
Earnings
Return on Assets	4.31%	4.55%	4.07%	4.28%	0.57%	-375 bps
Return on Equity	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	4.29%	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	87.21%	n/a	n/a
Growth
Asset Growth (YoY)	21.59%	9.31%	20.58%	6.98%	7.63%	-1,396 bps
Loan Growth (YoY)	10.23%	14.15%	11.63%	13.27%	22.77%	+1,253 bps
Share Growth (YoY)	21.63%	7.48%	21.21%	5.96%	6.86%	-1,477 bps
Asset Quality
Delinquent Loans / Loans	0.54%	0.00%	0.08%	0.15%	1.43%	+88 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	1.11%	0.85%	0.90%	1.00%	0.97%	-14 bps
Capital
Risk-Based Capital	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
Liquidity & Funding
Loans / Shares	82.16%	93.38%	88.11%	93.83%	94.39%	+1,223 bps
Liquid Assets / Assets	26.05%	16.47%	20.11%	16.12%	14.46%	-1,160 bps