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Peoples Bank and Trust

Parshall, ND · Cert 8382

FDIC

Q4 2007

$54.8MAssets
$27.7MLoans
$45.4MDeposits
$6.8MEquity
Deposit mix
83%Interest-bearing $37.7M17%Noninterest $7.7MQ4 2006Q4 2007

NIM

5.38%Q4 ’056.18%Q4 ’065.86%Q4 ’07+8%-10%

Non-interest income vs. expense

2.42%Q4 ’053.53%Q4 ’063.79%Q4 ’07+43%+14%

Executive Summary

  • Earnings: ROA of -0.03%, down 92 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.65%.
  • Funding: loans stand at 61.05% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

-0.03%-92 bps YoY

Net Interest Margin (quarter, annualized)

3.68%-40 bps YoY

Efficiency Ratio (quarter, annualized)

97.57%+1,850 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.89%2.47%2.64%2.43%-0.03%-92 bps
Return on Equity6.02%16.88%18.00%16.52%-0.23%-625 bps
Net Interest Margin4.08%4.02%4.26%4.07%3.68%-40 bps
Efficiency Ratio79.07%39.96%40.27%40.91%97.57%+1,850 bps
Non-Interest Burden3.15%1.48%1.53%1.48%3.59%+44 bps
Growth
Asset Growth (YoY)1.83%0.11%9.33%7.73%23.95%+2,212 bps
Loan Growth (YoY)12.18%25.93%17.69%4.21%0.39%-1,180 bps
Deposit Growth (YoY)-7.34%-0.21%17.12%18.99%32.40%+3,974 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%-0.03%0.58%0.00%-0.65%-79 bps
Allowance / Loans1.46%1.42%1.16%1.26%1.44%-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 Capital19.71%19.25%17.56%18.85%17.74%-197 bps
Equity / Assets14.49%14.78%14.59%14.84%12.36%-213 bps
Liquidity & Funding
Loans / Deposits80.52%83.27%83.68%78.00%61.05%-1,947 bps
Liquid Assets / Assets20.20%18.18%15.62%15.00%13.61%-658 bps
CRE / Total Capitaln/an/an/an/an/an/an/a