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Red Lake County State Bank

Red Lake Falls, MN · Cert 8202

FDIC · 2 branches

Q4 2018

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 2018, the quarter ended December 31, 2018, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Red Lake County State Bank

Red Lake Falls, MN · Cert 8202

FDIC · 2 branches

Q4 2018

$105.7MAssets
$83.9MLoans
$91.8MDeposits
$8.5MEquity
Loan mix
78%RE $40.1M9%C&I $4.6M13%Consumer $6.4MQ4 2017Q4 2018
Deposit mix
85%Interest-bearing $78.4M15%Noninterest $13.3MQ4 2017Q4 2018

NIM

4.25%Q4 ’164.32%Q4 ’174.52%Q4 ’18-1%-2%

Non-interest income vs. expense

5.16%Q4 ’164.71%Q4 ’174.45%Q4 ’18-3%-5%

Market Position · Grand Forks, ND-MN · 2018 SOD (annual) · 0.4% share · #20 of 20 inst. · $0.0B of $2.8B

61.7% Red Lake
1.4% Polk

Executive Summary

  • Earnings: ROA of 1.19%, up 5 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.38% of loans (-130 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 8.34%, up 28 bps from a year ago.
  • Funding: loans stand at 91.42% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

1.19%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.85%-8 bps YoY

Efficiency Ratio (YTD, annualized)

77.77%-169 bps YoY

Tier 1 Leverage Ratio

8.34%+28 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets1.15%1.05%1.17%1.17%1.19%+5 bps
Return on Equity13.84%12.87%14.18%14.27%14.57%+73 bps
Net Interest Margin3.93%3.95%4.03%3.94%3.85%-8 bps
Efficiency Ratio79.45%82.50%79.07%78.40%77.77%-169 bps
Non-Interest Burden2.71%2.91%2.78%2.68%2.58%-13 bps
Growth
Asset Growth (YoY)9.65%9.88%5.70%6.34%10.42%+77 bps
Loan Growth (YoY)13.09%13.48%13.29%5.40%7.54%-555 bps
Deposit Growth (YoY)11.23%11.38%6.41%6.44%11.18%-5 bps
Asset Quality
Nonperforming Loans / Loans1.68%1.37%1.62%1.08%0.38%-130 bps
Net Charge-Offs / Loans0.21%0.02%0.03%0.01%0.01%-20 bps
Allowance / Loans1.28%1.28%1.22%1.29%1.32%+4 bps
Allowance Coverage of NPLs0.8x0.9x0.8x1.2x3.5x+2.7x
Capital
Tier 1 Leverage Ratio8.07%8.30%8.71%8.45%8.34%+28 bps
Total Risk-Based Capital12.09%12.61%12.00%12.29%12.27%+18 bps
Equity / Assets8.06%8.33%8.37%8.18%8.08%+2 bps
Liquidity & Funding
Loans / Deposits94.52%94.67%99.07%93.61%91.42%-309 bps
Liquid Assets / Assets4.22%4.67%2.28%4.55%8.10%+388 bps
CRE / Total Capitaln/an/an/an/an/an/an/a