Loretto, MN · Cert 8215
FDIC
Q2 2004
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2004, the quarter ended June 30, 2004, 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.
Loretto, MN · Cert 8215
FDIC
Q2 2004
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | Q2 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 2.14% | 2.15% | 3.07% | 2.71% | 2.66% | 2.37% | -0.16% | 0.67% | -204 bps | |
| Return on Equity | 27.00% | 26.80% | 38.29% | 34.52% | 33.92% | 29.96% | -1.90% | 7.83% | -2,669 bps | |
| Net Interest Margin | 4.21% | 4.11% | 4.73% | 4.53% | 4.29% | 4.26% | 4.25% | 4.29% | -24 bps | |
| Efficiency Ratio | 51.23% | 53.69% | 25.44% | 34.72% | 37.96% | 39.51% | 69.63% | 66.61% | +3,189 bps | |
| Non-Interest Burden | 1.93% | 2.02% | 0.94% | 1.38% | 1.45% | 1.52% | 2.88% | 2.77% | +139 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 32.09% | 23.31% | 35.75% | 38.08% | 17.55% | 14.88% | -2.49% | -13.64% | -5,172 bps | |
| Loan Growth (YoY) | 37.29% | 30.49% | 40.50% | 38.42% | 15.92% | 9.33% | -0.81% | -12.83% | -5,125 bps | |
| Deposit Growth (YoY) | 15.80% | 25.63% | 38.18% | 36.52% | 17.19% | 17.89% | -2.55% | -17.41% | -5,393 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0 bps | |
| Net Charge-Offs / Loans | 0.00% | 0.00% | 0.00% | 0.03% | 0.02% | 0.03% | 0.01% | 0.02% | 0 bps | |
| Allowance / Loans | 0.89% | 0.87% | 0.97% | 1.00% | 1.03% | 1.27% | 1.69% | 1.80% | +80 bps | |
| Allowance Coverage of NPLs | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Total Risk-Based Capital | 10.02% | 10.47% | 9.86% | 10.82% | 11.43% | 11.09% | 10.72% | 12.58% | +176 bps | |
| Equity / Assets | 8.17% | 8.30% | 7.75% | 7.57% | 7.83% | 8.12% | 8.48% | 9.23% | +166 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 121.34% | 123.13% | 121.78% | 122.24% | 120.03% | 114.19% | 123.94% | 129.03% | +678 bps | |
| Liquid Assets / Assets | 0.75% | 0.68% | 0.53% | 0.79% | 2.52% | 2.21% | 1.49% | 0.72% | -7 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |