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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 $2.5MQ2 2012Q1 2014
Deposit mix
86%Interest-bearing $124.4M14%Noninterest $20.0MQ2 2012Q1 2014

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.

Return on Assets (quarter, annualized)

1.10%+12 bps YoY

Net Interest Margin (quarter, annualized)

3.47%+20 bps YoY

Efficiency Ratio (quarter, annualized)

49.55%-48 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

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%

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.68%0.94%0.91%0.98%0.84%1.07%1.67%1.10%+12 bps
Return on Equity7.50%10.03%9.76%10.44%8.76%11.07%17.36%11.37%+94 bps
Net Interest Margin3.00%3.30%3.28%3.27%3.23%3.41%3.56%3.47%+20 bps
Efficiency Ratio62.87%53.25%52.61%50.03%59.26%50.77%58.33%49.55%-48 bps
Non-Interest Burden1.80%1.65%1.69%1.53%1.84%1.63%2.01%1.61%+8 bps
Growth
Asset Growth (YoY)-3.25%-1.55%-0.44%-2.74%0.05%-0.45%1.21%0.68%+342 bps
Loan Growth (YoY)-8.84%0.42%1.45%2.36%6.81%9.29%14.16%11.21%+885 bps
Deposit Growth (YoY)-0.88%-1.19%-0.09%-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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.09%-0.23%-1.00%-1.11%-1.22%-0.17%0.15%+114 bps
Allowance / Loans1.26%1.24%1.24%1.56%1.81%2.05%1.48%1.54%-2 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 Capital13.93%14.02%13.27%14.09%13.77%13.41%12.55%13.47%-62 bps
Equity / Assets9.29%9.40%9.23%9.64%9.64%9.73%9.47%9.90%+26 bps
Liquidity & Funding
Loans / Deposits75.99%76.45%79.18%79.26%80.72%84.15%90.63%87.65%+839 bps
Liquid Assets / Assets13.27%15.02%10.95%15.03%13.58%6.96%3.67%6.46%-858 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a