PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

21st Century Bank

Rogers, MN · Cert 8841

FDIC

Q3 2002

$51.0MAssets
$27.7MLoans
$43.6MDeposits
$7.1MEquity
Loan mix
51%RE $4.6M48%C&I $4.3M1%Consumer $0.1MQ3 2001Q3 2002
Deposit mix
89%Interest-bearing $38.7M11%Noninterest $4.9MQ3 2001Q3 2002

NIM

6.90%Q1 ’016.70%Q3 ’015.71%Q3 ’02+1%+3%

Non-interest income vs. expense

3.01%Q1 ’012.94%Q3 ’012.74%Q3 ’02-9%-13%

Executive Summary

  • Earnings: ROA of 0.84%, up 40 bps year over year; NIM at 2.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 63.43% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

0.84%+40 bps YoY

Net Interest Margin (YTD, annualized)

2.91%+9 bps YoY

Efficiency Ratio (YTD, annualized)

73.25%-912 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.44%1.17%0.38%0.65%0.84%+40 bps
Return on Equityn/an/a2.73%4.73%6.11%n/a
Net Interest Margin2.82%2.72%2.61%2.63%2.91%+9 bps
Efficiency Ratio82.37%69.62%82.88%77.91%73.25%-912 bps
Non-Interest Burden2.19%1.46%2.04%1.89%1.91%-28 bps
Growth
Asset Growth (YoY)14.87%18.74%28.19%21.55%16.59%+172 bps
Loan Growth (YoY)31.03%14.96%13.98%4.14%13.50%-1,754 bps
Deposit Growth (YoY)22.31%20.90%32.88%23.71%17.90%-441 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.00%-0.02%0.00%0.23%+24 bps
Allowance / Loans1.40%1.48%1.39%1.34%1.05%-35 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 Capital19.48%21.37%20.33%20.00%19.12%-36 bps
Equity / Assets14.74%14.64%12.96%13.40%13.88%-85 bps
Liquidity & Funding
Loans / Deposits65.89%58.46%54.69%56.81%63.43%-246 bps
Liquid Assets / Assets0.94%1.11%1.00%0.57%0.58%-36 bps
CRE / Total Capitaln/an/an/an/an/an/an/a