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First State Bank of Hope

Hope, ND · Cert 9129

FDIC

Q2 2005

$17.7MAssets
$8.7MLoans
$16.0MDeposits
$1.6MEquity
Deposit mix
85%Interest-bearing $13.6M15%Noninterest $2.4MQ2 2004Q2 2005

NIM

6.11%Q2 ’034.86%Q2 ’045.24%Q2 ’05-20%+13%

Non-interest income vs. expense

2.21%Q2 ’031.97%Q2 ’042.28%Q2 ’05-8%+23%

Executive Summary

  • Earnings: ROA of 1.18%, up 1 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.51%.
  • Funding: loans stand at 54.23% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

1.18%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+41 bps YoY

Efficiency Ratio (YTD, annualized)

58.00%+309 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.17%1.49%1.35%1.25%1.18%+1 bps
Return on Equity15.56%19.81%17.61%14.93%13.83%-173 bps
Net Interest Margin3.24%3.28%3.52%3.60%3.65%+41 bps
Efficiency Ratio54.91%50.56%53.23%54.07%58.00%+309 bps
Non-Interest Burden1.62%1.49%1.69%1.81%1.99%+37 bps
Growth
Asset Growth (YoY)14.69%15.18%5.16%-1.58%-7.82%-2,252 bps
Loan Growth (YoY)-11.00%-0.87%-3.89%9.49%-17.25%-625 bps
Deposit Growth (YoY)20.08%-3.49%5.19%-1.82%-5.88%-2,596 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.01%0.00%0.20%0.51%+53 bps
Allowance / Loans2.04%1.85%2.13%2.57%2.20%+16 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 Capital12.68%13.17%14.76%15.76%16.45%+377 bps
Equity / Assets6.90%7.52%8.40%8.35%8.80%+190 bps
Liquidity & Funding
Loans / Deposits61.68%77.46%60.45%50.55%54.23%-745 bps
Liquid Assets / Assets9.25%6.47%7.03%10.64%9.52%+27 bps
CRE / Total Capitaln/an/an/an/an/an/an/a