Buffalo Ridge State Bank of Ruthton, Incorporated

Ruthton, MN · Cert 9345

FDIC

Q1 2001

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2001, the quarter ended March 31, 2001, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Ruthton, MN · Cert 9345

FDIC

Q1 2001

$11.6MAssets

$7.1MLoans

$10.5MDeposits

$1.1MEquity

Deposit mix

Earnings: ROA of 1.64%, down 1 bps year over year; NIM at 4.48%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.06%.
Funding: loans stand at 68.17% of deposits as of Q1 2001.

Return on Assets (YTD, annualized)

1.64%-1 bps YoY

Net Interest Margin (YTD, annualized)

4.48%

n/a

Efficiency Ratio (YTD, annualized)

61.81%

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1999	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	YoY Δ	Trend
Earnings
Return on Assets	0.89%	0.91%	0.79%	1.65%	1.55%	1.53%	1.13%	1.64%	-1 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	4.48%	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	61.81%	n/a	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.66%	n/a	n/a
Growth
Asset Growth (YoY)	7.85%	3.45%	3.07%	-1.09%	-5.02%	1.58%	2.27%	2.68%	+378 bps
Loan Growth (YoY)	3.23%	1.95%	8.88%	10.93%	5.24%	7.73%	18.08%	18.88%	+795 bps
Deposit Growth (YoY)	8.13%	3.26%	3.07%	-0.73%	-5.37%	1.42%	0.41%	1.79%	+252 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-0.06%	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1.02%	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	14.12%	n/a	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	9.27%	n/a	n/a
Liquidity & Funding
Loans / Deposits	57.08%	59.43%	57.81%	58.37%	63.48%	63.13%	67.99%	68.17%	+980 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.15%	+715 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a