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Liberty State Bank

Saint Paul, MN · Cert 8832

FDIC

Q3 2003

$417.2MAssets
$288.0MLoans
$376.6MDeposits
$37.5MEquity
Loan mix
66%RE $82.4M33%C&I $41.0M1%Consumer $0.7MQ3 2002Q3 2003
Deposit mix
83%Interest-bearing $311.4M17%Noninterest $65.3MQ3 2002Q3 2003

NIM

6.93%Q3 ’016.19%Q3 ’025.53%Q3 ’03+8%-4%

Non-interest income vs. expense

2.35%Q3 ’012.31%Q3 ’022.56%Q3 ’03-4%+15%

Executive Summary

  • Earnings: ROA of 1.26%, down 9 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 76.47% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

1.26%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.76%-14 bps YoY

Efficiency Ratio (YTD, annualized)

60.06%+794 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.36%1.35%1.24%1.25%1.26%-9 bps
Return on Equity15.37%15.18%13.77%13.60%13.85%-152 bps
Net Interest Margin3.90%3.82%3.68%3.74%3.76%-14 bps
Efficiency Ratio52.13%53.02%56.91%57.62%60.06%+794 bps
Non-Interest Burden1.79%1.79%1.89%1.95%2.06%+28 bps
Growth
Asset Growth (YoY)10.06%8.19%9.63%8.54%8.36%-169 bps
Loan Growth (YoY)7.35%11.16%13.74%12.25%13.23%+587 bps
Deposit Growth (YoY)9.97%7.69%9.29%8.07%8.46%-150 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.05%0.12%0.13%0.09%+5 bps
Allowance / Loans1.01%1.02%1.00%1.00%1.00%-1 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 Capital13.91%13.80%13.77%13.65%13.32%-59 bps
Equity / Assets9.14%9.05%9.00%9.49%8.99%-15 bps
Liquidity & Funding
Loans / Deposits73.26%72.04%71.65%75.61%76.47%+322 bps
Liquid Assets / Assets0.02%0.02%0.02%0.02%0.01%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a