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Mitchell Bank

Milwaukee, WI · Cert 13029

FDIC · 3 branches

Q3 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2020, the quarter ended September 30, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Mitchell Bank

Milwaukee, WI · Cert 13029

FDIC · 3 branches

Q3 2020

$57.4MAssets
$16.9MLoans
$48.8MDeposits
$8.6MEquity
Loan mix
59%RE $8.5M41%C&I $5.9M0%Consumer $0.0MQ3 2019Q3 2020
Deposit mix
54%Interest-bearing $26.2M46%Noninterest $22.6MQ3 2019Q3 2020

NIM

3.29%Q3 ’183.43%Q3 ’192.54%Q3 ’20+3%-25%

Non-interest income vs. expense

3.98%Q3 ’183.38%Q3 ’192.74%Q3 ’20+1%-12%

Market Position · Milwaukee-Waukesha, WI · 2020 SOD (annual) · 0.1% share · #42 of 48 inst. · $0.0B of $76.4B

0.1% Milwaukee
0.1% Waukesha

Executive Summary

  • Earnings: ROA of 0.10%, down 34 bps year over year; NIM at 2.50%.
  • Asset quality: problem loans at 0.14% of loans (-21 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 15.11%, down 193 bps from a year ago.
  • Funding: loans stand at 34.75% of deposits as of Q3 2020.

Financial Results

Return on Assets (YTD, annualized)

0.10%-34 bps YoY

Net Interest Margin (YTD, annualized)

2.50%-81 bps YoY

Efficiency Ratio (YTD, annualized)

95.65%+1,059 bps YoY

Tier 1 Leverage Ratio

15.11%-193 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets0.44%0.44%-0.02%0.11%0.10%-34 bps
Return on Equity2.45%2.46%-0.09%0.63%0.57%-188 bps
Net Interest Margin3.32%3.26%2.79%2.80%2.50%-81 bps
Efficiency Ratio85.06%85.02%100.52%95.35%95.65%+1,059 bps
Non-Interest Burden2.70%2.64%2.79%2.64%2.37%-33 bps
Growth
Asset Growth (YoY)1.74%0.84%1.98%11.19%17.55%+1,581 bps
Loan Growth (YoY)-16.54%-15.87%-8.81%7.01%21.51%+3,806 bps
Deposit Growth (YoY)2.18%1.11%2.23%13.37%21.19%+1,901 bps
Asset Quality
Nonperforming Loans / Loans0.34%0.32%0.28%0.15%0.14%-21 bps
Net Charge-Offs / Loans0.00%-0.01%-0.03%0.16%0.13%+13 bps
Allowance / Loans1.46%1.46%1.38%1.10%1.11%-35 bps
Allowance Coverage of NPLs4.2x4.6x4.9x7.6x8.2x+3.9x
Capital
Tier 1 Leverage Ratio17.03%17.05%17.47%16.29%15.11%-193 bps
Total Risk-Based Capital61.31%61.15%54.18%60.48%62.04%+74 bps
Equity / Assets17.53%18.16%17.52%16.13%15.01%-252 bps
Liquidity & Funding
Loans / Deposits34.66%36.08%36.83%38.51%34.75%+9 bps
Liquid Assets / Assets64.57%64.11%61.04%62.25%64.91%+33 bps
CRE / Total Capitaln/an/an/an/an/an/an/a