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Minnwest Bank Luverne

Luverne, MN · Cert 8224

FDIC

Q1 2014

$164.6MAssets
$126.5MLoans
$144.4MDeposits
$16.3MEquity
Loan mix
82%RE $62.0M15%C&I $11.4M3%Consumer $2.5MQ1 2013Q1 2014
Deposit mix
86%Interest-bearing $124.4M14%Noninterest $20.0MQ1 2013Q1 2014

NIM

3.82%Q1 ’123.63%Q1 ’133.74%Q1 ’14+7%+6%

Non-interest income vs. expense

1.90%Q1 ’121.81%Q1 ’131.89%Q1 ’14-15%+5%

Executive Summary

  • Earnings: ROA of 1.10%, up 12 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 87.65% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

1.10%+12 bps YoY

Net Interest Margin (YTD, annualized)

3.47%+20 bps YoY

Efficiency Ratio (YTD, annualized)

49.55%-48 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.98%0.91%0.96%1.14%1.10%+12 bps
Return on Equity10.44%9.61%10.09%11.92%11.37%+94 bps
Net Interest Margin3.27%3.24%3.32%3.34%3.47%+20 bps
Efficiency Ratio50.03%54.63%53.30%54.63%49.55%-48 bps
Non-Interest Burden1.53%1.68%1.67%1.74%1.61%+8 bps
Growth
Asset Growth (YoY)-2.74%0.05%-0.45%1.21%0.68%+342 bps
Loan Growth (YoY)2.36%6.81%9.29%14.16%11.21%+885 bps
Deposit Growth (YoY)-2.74%0.56%-0.71%-0.27%0.57%+331 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-1.00%-1.05%-1.08%-0.76%0.15%+114 bps
Allowance / Loans1.56%1.81%2.05%1.48%1.54%-2 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 Capital14.09%13.77%13.41%12.55%13.47%-62 bps
Equity / Assets9.64%9.64%9.73%9.47%9.90%+26 bps
Liquidity & Funding
Loans / Deposits79.26%80.72%84.15%90.63%87.65%+839 bps
Liquid Assets / Assets15.03%13.58%6.96%3.67%6.46%-858 bps
CRE / Total Capitaln/an/an/an/an/an/an/a