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Bank of Turtle Lake

Turtle Lake, WI · Cert 12786

FDIC

Q4 2013

$65.5MAssets
$31.7MLoans
$60.1MDeposits
$5.3MEquity
Loan mix
79%RE $20.5M10%C&I $2.7M11%Consumer $2.7MQ4 2012Q4 2013
Deposit mix
77%Interest-bearing $46.2M23%Noninterest $13.9MQ4 2012Q4 2013

NIM

3.71%Q4 ’113.75%Q4 ’123.40%Q4 ’13+6%-8%

Non-interest income vs. expense

2.89%Q4 ’113.06%Q4 ’122.88%Q4 ’13+6%-7%

Executive Summary

  • Earnings: ROA of 0.62%, down 8 bps year over year; NIM at 2.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 52.74% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.62%-8 bps YoY

Net Interest Margin (YTD, annualized)

2.97%-25 bps YoY

Efficiency Ratio (YTD, annualized)

84.01%+72 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.70%0.44%0.55%0.61%0.62%-8 bps
Return on Equity7.82%5.14%6.41%7.15%7.30%-52 bps
Net Interest Margin3.22%2.74%2.91%2.94%2.97%-25 bps
Efficiency Ratio83.29%86.11%87.11%84.12%84.01%+72 bps
Non-Interest Burden2.61%2.31%2.48%2.40%2.42%-18 bps
Growth
Asset Growth (YoY)-1.17%6.00%-0.14%-0.42%-3.11%-193 bps
Loan Growth (YoY)0.99%-1.14%-0.39%-1.05%-1.57%-256 bps
Deposit Growth (YoY)-1.08%6.70%0.80%0.40%-2.61%-153 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.01%0.00%0.00%0.02%-2 bps
Allowance / Loans1.35%1.39%1.36%1.35%1.28%-7 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 Capital17.59%18.45%18.83%18.97%18.66%+107 bps
Equity / Assets8.60%8.61%8.46%8.33%8.16%-44 bps
Liquidity & Funding
Loans / Deposits52.18%50.48%55.21%53.52%52.74%+56 bps
Liquid Assets / Assets16.14%16.04%13.38%16.77%20.01%+387 bps
CRE / Total Capitaln/an/an/an/an/an/an/a