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Kanabec State Bank

Mora, MN · Cert 8220

FDIC · 1 branch

Q2 2014

$138.1MAssets
$43.7MLoans
$123.9MDeposits
$13.8MEquity
Loan mix
69%RE $23.4M20%C&I $6.7M12%Consumer $3.9MQ2 2013Q2 2014
Deposit mix
90%Interest-bearing $111.1M10%Noninterest $12.8MQ2 2013Q2 2014

NIM

3.40%Q2 ’122.49%Q2 ’132.64%Q2 ’14-26%+11%

Non-interest income vs. expense

2.15%Q2 ’121.77%Q2 ’132.87%Q2 ’14-18%+74%

Executive Summary

  • Earnings: ROA of -0.15%, down 79 bps year over year; NIM at 2.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.02%.
  • Funding: loans stand at 35.29% of deposits as of Q2 2014.

Financial Results

Return on Assets (quarter, annualized)

-0.15%-79 bps YoY

Net Interest Margin (quarter, annualized)

2.24%+23 bps YoY

Efficiency Ratio (quarter, annualized)

107.54%+3,299 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.63%0.67%0.63%0.65%-0.15%-79 bps
Return on Equity5.24%5.72%5.39%5.39%-1.35%-659 bps
Net Interest Margin2.01%2.18%2.17%2.37%2.24%+23 bps
Efficiency Ratio74.55%74.95%68.87%73.24%107.54%+3,299 bps
Non-Interest Burden1.41%1.56%1.39%1.66%2.45%+104 bps
Growth
Asset Growth (YoY)8.15%3.91%0.02%-1.95%-8.47%-1,662 bps
Loan Growth (YoY)-11.69%-5.74%-2.88%-1.47%-6.45%+524 bps
Deposit Growth (YoY)11.16%6.91%1.02%-2.15%-6.40%-1,756 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.56%-0.37%2.22%0.40%4.02%+346 bps
Allowance / Loans2.69%2.83%2.44%2.35%1.46%-123 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 Capital30.07%29.95%30.52%31.49%24.53%-554 bps
Equity / Assets11.93%11.48%11.74%12.50%10.00%-193 bps
Liquidity & Funding
Loans / Deposits35.30%34.47%34.16%36.00%35.29%-2 bps
Liquid Assets / Assets1.31%2.24%1.40%1.98%1.75%+43 bps
CRE / Total Capitaln/an/an/an/an/an/an/a