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State Bank of Bricelyn

Bricelyn, MN · Cert 8847

FDIC

Q1 2012

$29.4MAssets
$21.8MLoans
$26.0MDeposits
$3.2MEquity
Loan mix
85%RE $9.8M6%C&I $0.7M9%Consumer $1.0MQ1 2011Q1 2012
Deposit mix
93%Interest-bearing $24.3M7%Noninterest $1.8MQ1 2011Q1 2012

NIM

5.17%Q1 ’105.02%Q1 ’114.30%Q1 ’12+5%-10%

Non-interest income vs. expense

3.08%Q1 ’102.90%Q1 ’112.57%Q1 ’12-5%-11%

Executive Summary

  • Earnings: ROA of 1.48%, down 1 bps year over year; NIM at 3.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 83.81% of deposits as of Q1 2012.

Financial Results

Return on Assets (YTD, annualized)

1.48%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.69%-40 bps YoY

Efficiency Ratio (YTD, annualized)

63.92%-83 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets1.48%1.54%1.58%1.45%1.48%-1 bps
Return on Equity13.01%13.24%13.54%12.51%13.17%+16 bps
Net Interest Margin4.09%4.22%4.11%4.12%3.69%-40 bps
Efficiency Ratio64.75%63.85%62.68%65.90%63.92%-83 bps
Non-Interest Burden2.51%2.57%2.46%2.61%2.24%-27 bps
Growth
Asset Growth (YoY)3.03%1.38%9.27%6.53%13.17%+1,014 bps
Loan Growth (YoY)3.45%7.51%6.61%7.82%4.55%+110 bps
Deposit Growth (YoY)3.46%1.16%10.14%8.14%14.09%+1,063 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.02%0.07%0.07%0.00%-2 bps
Allowance / Loans0.93%0.94%0.91%0.83%0.92%-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 Capital16.08%16.24%16.30%14.79%16.32%+25 bps
Equity / Assets11.53%11.99%11.89%11.42%11.01%-52 bps
Liquidity & Funding
Loans / Deposits91.46%94.19%92.05%102.86%83.81%-764 bps
Liquid Assets / Assets0.88%0.88%0.84%0.83%0.56%-32 bps
CRE / Total Capitaln/an/an/an/an/an/an/a