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First State Bank of Murdock

Murdock, MN · Cert 9734

FDIC

Q1 2013

$11.1MAssets
$4.3MLoans
$10.1MDeposits
$1.0MEquity
Loan mix
80%RE $2.2M13%C&I $0.4M7%Consumer $0.2MQ1 2012Q1 2013
Deposit mix
59%Interest-bearing $6.0M41%Noninterest $4.1MQ1 2012Q1 2013

NIM

4.32%Q1 ’113.43%Q1 ’122.76%Q1 ’13-20%-18%

Non-interest income vs. expense

5.31%Q1 ’114.02%Q1 ’123.12%Q1 ’13-27%-28%

Executive Summary

  • Earnings: ROA of 0.04%, up 33 bps year over year; NIM at 2.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 42.74% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

0.04%+33 bps YoY

Net Interest Margin (quarter, annualized)

2.62%-57 bps YoY

Efficiency Ratio (quarter, annualized)

98.88%-1,199 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-0.29%0.12%0.28%-1.95%0.04%+33 bps
Return on Equity-3.20%1.37%3.18%-22.05%0.40%+360 bps
Net Interest Margin3.19%3.57%4.13%-9.01%2.62%-57 bps
Efficiency Ratio110.87%95.28%88.60%68.57%98.88%-1,199 bps
Non-Interest Burden3.59%3.36%3.60%-9.12%2.58%-100 bps
Growth
Asset Growth (YoY)5.22%2.87%9.83%11.92%14.14%+892 bps
Loan Growth (YoY)-13.95%-5.26%8.59%8.02%2.25%+1,620 bps
Deposit Growth (YoY)5.71%3.42%10.93%11.72%14.17%+846 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.11%1.09%1.08%1.18%1.39%+28 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 Capital16.64%16.07%14.79%15.74%15.87%-76 bps
Equity / Assets8.97%9.06%8.29%9.41%9.02%+5 bps
Liquidity & Funding
Loans / Deposits47.73%53.09%53.71%52.99%42.74%-499 bps
Liquid Assets / Assets1.03%2.07%1.87%1.88%1.80%+77 bps
CRE / Total Capitaln/an/an/an/an/an/an/a