BNCCORP, INC. REPORTS 2012 THIRD QUARTER NET INCOM

BNCCORP, INC. REPORTS 2012 THIRD QUARTER NET INCOME OF $15.0 MILLION, OR $4.41 PER DILUTED SHARE

2012 Third Quarter Overview

• Credit quality continues to improve: Nonperforming assets are $10.7 million, a decrease of $2.1 million, or 16.5%, in the third quarter


• The ratio of total nonperforming assets to total assets declined to 1.44% from 3.39% at September 30, 2011


• Mortgage banking revenues increase to $7.787 million, rising 183.8%, contributing to 177.0% rise in non-interest income


• Insurance claim for fraud reported in 2010 is resolved, resulting in an increase to pre-tax earnings of approximately $5.0 million


• Deferred tax valuation allowance is reversed and tax benefit of $5.8 million is recorded in third quarter 2012


• Regulatory capital ratio of Bank for tier 1 leverage ratio is 11.73% and total risk based capital of Bank is 22.41%


• Book value per common share is $13.60 as of September 30, 2012

* What this report is telling you is that BNCC is on SALE!! ....todays pps is $10.20.