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Northwoods State Bank

Elcho, WI · Cert 10738

FDIC

Q4 2004

$80.7MAssets
$65.8MLoans
$70.3MDeposits
$9.1MEquity
Loan mix
87%RE $33.7M13%C&I $4.9M0%Consumer $0.1MQ4 2003Q4 2004
Deposit mix
89%Interest-bearing $62.3M11%Noninterest $8.0MQ4 2003Q4 2004

NIM

4.20%Q4 ’026.19%Q4 ’036.19%Q4 ’04+53%-3%

Non-interest income vs. expense

1.44%Q4 ’022.41%Q4 ’032.26%Q4 ’04+65%-2%

Executive Summary

  • Earnings: ROA of 1.10%, down 2 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.50%.
  • Funding: loans stand at 93.59% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

1.10%-2 bps YoY

Net Interest Margin (YTD, annualized)

4.13%-11 bps YoY

Efficiency Ratio (YTD, annualized)

47.12%-101 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.12%1.41%1.26%1.16%1.10%-2 bps
Return on Equity11.33%14.72%12.79%11.60%10.80%-53 bps
Net Interest Margin4.24%4.42%4.15%4.15%4.13%-11 bps
Efficiency Ratio48.13%41.48%43.46%46.09%47.12%-101 bps
Non-Interest Burden1.89%1.72%1.69%1.82%1.85%-4 bps
Growth
Asset Growth (YoY)24.13%18.56%11.77%5.78%-2.54%-2,667 bps
Loan Growth (YoY)26.48%19.81%12.20%3.61%-10.93%-3,741 bps
Deposit Growth (YoY)19.03%11.65%15.78%9.90%2.33%-1,670 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.54%0.41%0.40%0.50%+42 bps
Allowance / Loans1.51%1.51%1.53%1.57%1.70%+18 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 Capital10.17%10.75%11.40%11.89%13.43%+325 bps
Equity / Assets9.47%9.72%10.31%10.41%11.22%+175 bps
Liquidity & Funding
Loans / Deposits107.52%105.02%104.55%100.42%93.59%-1,394 bps
Liquid Assets / Assets0.02%0.01%0.00%0.02%0.01%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a