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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 $2.4MQ3 2003Q2 2005

Executive Summary

  • Earnings: ROA of 1.11%, up 5 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.83%.
  • Funding: loans stand at 54.23% of deposits as of Q2 2005.

Return on Assets (quarter, annualized)

1.11%+5 bps YoY

Net Interest Margin (quarter, annualized)

3.71%+41 bps YoY

Efficiency Ratio (quarter, annualized)

61.80%+551 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.25%Q2 ’034.87%Q2 ’045.33%Q2 ’05-22%+12%

Non-interest income vs. expense

2.38%Q2 ’032.07%Q2 ’042.48%Q2 ’05-9%+29%

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.46%0.12%1.29%1.06%2.08%0.91%1.25%1.11%+5 bps
Return on Equity17.40%1.45%16.49%14.53%28.79%11.42%14.93%12.94%-159 bps
Net Interest Margin3.46%3.23%3.26%3.30%3.89%3.86%3.60%3.71%+41 bps
Efficiency Ratio52.12%88.27%53.46%56.29%43.87%60.19%54.07%61.80%+551 bps
Non-Interest Burden1.56%2.79%1.58%1.70%1.48%2.14%1.81%2.18%+49 bps
Growth
Asset Growth (YoY)2.01%12.41%16.62%14.69%15.18%5.16%-1.58%-7.82%-2,252 bps
Loan Growth (YoY)2.91%5.54%-21.09%-11.00%-0.87%-3.89%9.49%-17.25%-625 bps
Deposit Growth (YoY)12.45%15.71%18.65%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%-0.04%-0.05%0.00%0.00%0.04%0.20%0.83%+83 bps
Allowance / Loans1.82%2.05%2.88%2.04%1.85%2.13%2.57%2.20%+16 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.45%13.62%14.02%12.68%13.17%14.76%15.76%16.45%+377 bps
Equity / Assets8.03%8.04%7.66%6.90%7.52%8.40%8.35%8.80%+190 bps
Liquidity & Funding
Loans / Deposits75.40%66.16%45.33%61.68%77.46%60.45%50.55%54.23%-745 bps
Liquid Assets / Assets1.16%1.15%9.88%9.25%6.47%7.03%10.64%9.52%+27 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a