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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 $3.9MQ3 2012Q2 2014
Deposit mix
90%Interest-bearing $111.1M10%Noninterest $12.8MQ3 2012Q2 2014

Executive Summary

  • Earnings: ROA of 0.26%, down 55 bps year over year; NIM at 2.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.22%.
  • Funding: loans stand at 35.29% of deposits as of Q2 2014.

Return on Assets (YTD, annualized)

0.26%-55 bps YoY

Net Interest Margin (YTD, annualized)

2.35%+18 bps YoY

Efficiency Ratio (YTD, annualized)

90.19%+1,985 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

3.45%Q2 ’122.65%Q2 ’132.77%Q2 ’14-21%+8%

Non-interest income vs. expense

2.13%Q2 ’121.77%Q2 ’132.44%Q2 ’14-17%+46%

Year to date, annualized, through each quarter.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets0.53%0.54%0.98%0.81%0.76%0.73%0.65%0.26%-55 bps
Return on Equity4.20%4.28%8.12%6.70%6.39%6.13%5.39%2.27%-443 bps
Net Interest Margin2.60%2.40%2.38%2.18%2.15%2.16%2.37%2.35%+18 bps
Efficiency Ratio70.49%72.44%66.57%70.34%71.88%71.12%73.24%90.19%+1,985 bps
Non-Interest Burden1.75%1.67%1.48%1.43%1.45%1.44%1.66%2.09%+66 bps
Growth
Asset Growth (YoY)6.02%9.38%8.81%8.15%3.91%0.02%-1.95%-8.47%-1,662 bps
Loan Growth (YoY)-15.63%-14.25%-13.48%-11.69%-5.74%-2.88%-1.47%-6.45%+524 bps
Deposit Growth (YoY)6.25%11.33%11.39%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.66%0.64%0.34%0.45%0.18%0.69%0.40%2.22%+177 bps
Allowance / Loans2.90%2.91%2.85%2.69%2.83%2.44%2.35%1.46%-123 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital28.78%29.02%29.94%30.07%29.95%30.52%31.49%24.53%-554 bps
Equity / Assets12.56%11.92%12.29%11.93%11.48%11.74%12.50%10.00%-193 bps
Liquidity & Funding
Loans / Deposits39.10%35.54%35.75%35.30%34.47%34.16%36.00%35.29%-2 bps
Liquid Assets / Assets3.20%2.08%1.13%1.31%2.24%1.40%1.98%1.75%+43 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a