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Letter portraitLegal landscapeQuarterYTD

First National Bank of Blanchardville, The

Blanchardville, WI · Cert 11639

FDIC

Q1 2003

$34.5MAssets
$32.6MLoans
$28.8MDeposits
$2.2MEquity
Loan mix
35%RE $7.8M64%C&I $14.5M1%Consumer $0.3MQ1 2002Q1 2003
Deposit mix
95%Interest-bearing $27.2M5%Noninterest $1.5MQ1 2002Q1 2003

NIM

9.36%Q1 ’018.14%Q1 ’027.04%Q1 ’030%-8%

Non-interest income vs. expense

2.72%Q1 ’012.49%Q1 ’021.81%Q1 ’03+2%-33%

Executive Summary

  • Earnings: ROA of 1.73%, up 3 bps year over year; NIM at 4.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 113.31% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

1.73%+3 bps YoY

Net Interest Margin (YTD, annualized)

4.65%-40 bps YoY

Efficiency Ratio (YTD, annualized)

34.35%-892 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets1.70%1.68%1.74%1.75%1.73%+3 bps
Return on Equity20.64%21.12%22.27%22.85%25.43%+480 bps
Net Interest Margin5.06%4.85%4.38%4.28%4.65%-40 bps
Efficiency Ratio43.27%40.63%38.81%42.93%34.35%-892 bps
Non-Interest Burden1.79%1.45%1.21%1.43%1.19%-60 bps
Growth
Asset Growth (YoY)15.70%26.99%27.10%37.89%48.77%+3,307 bps
Loan Growth (YoY)4.25%19.52%27.48%41.95%71.22%+6,697 bps
Deposit Growth (YoY)10.39%18.37%23.57%39.87%47.46%+3,708 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.02%0.07%0.14%0.02%0 bps
Allowance / Loans2.13%1.87%1.79%1.60%1.37%-76 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 Capital12.88%11.30%11.12%10.40%8.76%-413 bps
Equity / Assets7.92%7.55%7.36%7.19%6.46%-146 bps
Liquidity & Funding
Loans / Deposits97.59%108.36%104.30%98.38%113.31%+1,572 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a