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Minnwest Bank Ortonville

Ortonville, MN · Cert 9344

FDIC

Q4 2007

$96.4MAssets
$76.7MLoans
$80.8MDeposits
$9.2MEquity
Loan mix
84%RE $28.9M15%C&I $5.2M1%Consumer $0.3MQ4 2006Q4 2007
Deposit mix
88%Interest-bearing $71.4M12%Noninterest $9.4MQ4 2006Q4 2007

NIM

6.00%Q4 ’057.01%Q4 ’066.98%Q4 ’07+3%-9%

Non-interest income vs. expense

2.05%Q4 ’052.05%Q4 ’061.77%Q4 ’07+0%-14%

Executive Summary

  • Earnings: ROA of 1.65%, up 27 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 94.86% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

1.65%+27 bps YoY

Net Interest Margin (YTD, annualized)

3.60%-37 bps YoY

Efficiency Ratio (YTD, annualized)

44.75%-216 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.38%1.36%1.39%1.47%1.65%+27 bps
Return on Equity14.58%14.26%14.76%15.61%17.48%+290 bps
Net Interest Margin3.97%3.89%3.78%3.61%3.60%-37 bps
Efficiency Ratio46.91%46.56%44.34%45.17%44.75%-216 bps
Non-Interest Burden1.73%1.68%1.55%1.52%1.49%-24 bps
Growth
Asset Growth (YoY)1.54%3.95%3.55%3.07%11.20%+966 bps
Loan Growth (YoY)0.22%2.81%4.76%-3.86%4.61%+438 bps
Deposit Growth (YoY)0.79%4.42%2.55%8.07%10.32%+953 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%-0.14%-0.07%-0.05%0.02%0 bps
Allowance / Loans1.64%1.63%1.57%1.46%0.99%-65 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 Capital12.79%11.62%11.65%12.38%12.59%-20 bps
Equity / Assets10.00%9.12%9.15%9.35%9.56%-44 bps
Liquidity & Funding
Loans / Deposits100.04%102.16%107.49%97.16%94.86%-518 bps
Liquid Assets / Assets0.05%0.04%0.04%0.07%0.05%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a