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State Bank of Bird Island

Bird Island, MN · Cert 8184

FDIC

Q4 2011

$44.8MAssets
$14.9MLoans
$38.8MDeposits
$3.9MEquity
Loan mix
50%RE $2.8M42%C&I $2.3M8%Consumer $0.4MQ4 2010Q4 2011
Deposit mix
61%Interest-bearing $23.6M39%Noninterest $15.2MQ4 2010Q4 2011

NIM

3.45%Q4 ’090.21%Q4 ’103.28%Q4 ’11-94%+1542%

Non-interest income vs. expense

2.79%Q4 ’090.18%Q4 ’102.51%Q4 ’11-175%+219%

Executive Summary

  • Earnings: ROA of 0.70%, down 128 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 38.27% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

0.70%-128 bps YoY

Net Interest Margin (YTD, annualized)

3.12%+293 bps YoY

Efficiency Ratio (YTD, annualized)

70.09%+6,234 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets1.99%0.10%0.55%0.79%0.70%-128 bps
Return on Equity16.31%0.96%5.41%7.78%7.16%-915 bps
Net Interest Margin0.19%3.04%3.20%3.05%3.12%+293 bps
Efficiency Ratio7.75%75.38%68.78%67.85%70.09%+6,234 bps
Non-Interest Burden-1.87%2.36%2.24%2.10%2.22%+409 bps
Growth
Asset Growth (YoY)-10.86%0.43%4.43%7.14%17.55%+2,841 bps
Loan Growth (YoY)1.47%-15.85%-17.63%-20.68%-13.40%-1,487 bps
Deposit Growth (YoY)-10.24%2.55%8.61%12.12%14.42%+2,466 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%0.00%0.00%0.02%+3 bps
Allowance / Loans0.02%0.16%0.28%0.45%0.41%+39 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 Capital15.24%18.80%16.07%18.07%14.73%-51 bps
Equity / Assets11.00%10.43%9.24%9.87%8.76%-223 bps
Liquidity & Funding
Loans / Deposits50.57%33.99%32.52%30.98%38.27%-1,229 bps
Liquid Assets / Assets8.22%7.63%6.86%6.50%5.13%-309 bps
CRE / Total Capitaln/an/an/an/an/an/an/a