Pine City, MN · Cert 9744
FDIC
Q1 2009
Board Package
Performance Trends and Peer Comparison
Quarter: Q1 2009, the quarter ended March 31, 2009, 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.
Pine City, MN · Cert 9744
FDIC
Q1 2009
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2007 | Q3 2007 | Q4 2007 | Q1 2008 | Q2 2008 | Q3 2008 | Q4 2008 | Q1 2009 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.35% | -0.54% | -0.71% | 0.10%1 | -1.36% | -2.47% | -3.26% | -16.92% | -1,702 bps | |
| Return on Equity | 3.63% | -5.69% | -7.66% | 1.17% | -16.76% | -31.94% | -45.03% | -506% | -50,733 bps | |
| Net Interest Margin | 3.63% | 3.61% | 3.22% | 3.07% | 2.73% | 2.63% | 2.57% | 2.09% | -98 bps | |
| Efficiency Ratio | 71.42% | 75.85% | 87.11% | 102.54% | 131.20% | 170.47% | 156.38% | 1009% | +90,672 bps | |
| Non-Interest Burden | 2.35% | 2.53% | 2.70% | 3.17% | 3.69% | 4.35% | 4.03% | 6.36% | +319 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 12.45% | 10.17% | 11.43% | 1.97% | 4.06% | 1.23% | -1.95% | -5.53% | -750 bps | |
| Loan Growth (YoY) | 8.45% | 4.53% | 0.85% | -5.92% | -2.95% | -1.45% | 0.55% | -8.36% | -244 bps | |
| Deposit Growth (YoY) | 20.75% | 10.57% | 21.31% | 7.13% | 10.26% | 13.74% | -3.20% | -2.56% | -969 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 | 0.69% | 0.80% | 0.72% | 1.43% | 0.86% | 1.11% | 0.97% | 14.73% | +1,330 bps | |
| Allowance / Loans | 1.39% | 2.07% | 2.07% | 1.83% | 2.02% | 2.08% | 3.49% | 4.25% | +242 bps | |
| 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 | 12.44% | 11.83% | 11.53% | 11.64% | 10.48% | 9.20% | 7.53% | 2.79% | -885 bps | |
| Equity / Assets | 9.28% | 8.83% | 8.33% | 8.76% | 7.38% | 6.52% | 5.23% | 1.28% | -748 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 108.54% | 112.27% | 96.88% | 103.71% | 95.54% | 97.27% | 100.63% | 97.53% | -618 bps | |
| Liquid Assets / Assets | 0.25% | 0.16% | 0.58% | 0.64% | 0.47% | 0.38% | 0.11% | 0.03% | -61 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |