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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

6.40%Q4 ’057.10%Q4 ’067.21%Q4 ’07-4%+0%

Non-interest income vs. expense

1.96%Q4 ’051.99%Q4 ’061.82%Q4 ’07+5%-11%

Executive Summary

  • Earnings: ROA of 2.17%, up 87 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 94.86% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

2.17%+87 bps YoY

Net Interest Margin (quarter, annualized)

3.78%+1 bps YoY

Efficiency Ratio (quarter, annualized)

43.60%-447 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.29%1.36%1.42%1.62%2.17%+87 bps
Return on Equity13.41%14.26%15.56%17.51%22.92%+951 bps
Net Interest Margin3.77%3.89%3.78%3.50%3.78%+1 bps
Efficiency Ratio48.07%46.56%42.08%46.90%43.60%-447 bps
Non-Interest Burden1.71%1.68%1.48%1.53%1.51%-20 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 / Loans0.06%-0.14%0.00%0.00%0.21%+15 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