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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

7.32%Q4 ’026.38%Q4 ’035.76%Q4 ’04-11%-16%

Non-interest income vs. expense

2.97%Q4 ’022.97%Q4 ’032.22%Q4 ’04+36%-40%

Executive Summary

  • Earnings: ROA of 0.92%, up 32 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.66%.
  • Funding: loans stand at 93.59% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

0.92%+32 bps YoY

Net Interest Margin (quarter, annualized)

3.66%-71 bps YoY

Efficiency Ratio (quarter, annualized)

50.65%-1,366 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.60%1.41%1.10%0.96%0.92%+32 bps
Return on Equity6.27%14.72%11.00%9.31%8.48%+221 bps
Net Interest Margin4.37%4.42%3.99%4.00%3.66%-71 bps
Efficiency Ratio64.31%41.48%45.58%51.68%50.65%-1,366 bps
Non-Interest Burden2.90%1.72%1.71%2.02%1.74%-116 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 / Loans-0.01%0.54%0.28%0.38%0.66%+67 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