PackageTrendsPeer
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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 ’016.96%Q3 ’015.85%Q3 ’02+8%+14%

Non-interest income vs. expense

3.01%Q1 ’013.19%Q3 ’012.90%Q3 ’02-9%-11%

Executive Summary

  • Earnings: ROA of 1.20%, up 66 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.69%.
  • Funding: loans stand at 63.43% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.20%+66 bps YoY

Net Interest Margin (quarter, annualized)

3.43%+41 bps YoY

Efficiency Ratio (quarter, annualized)

66.01%-1,316 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.54%3.19%0.38%0.89%1.20%+66 bps
Return on Equity3.63%21.69%2.73%6.74%8.78%+516 bps
Net Interest Margin3.02%2.70%2.61%2.79%3.43%+41 bps
Efficiency Ratio79.17%48.56%82.88%73.61%66.01%-1,316 bps
Non-Interest Burden2.18%-0.52%2.04%1.83%1.93%-24 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-0.02%0.04%-0.02%0.02%0.69%+71 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