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Dairyman's State Bank

Clintonville, WI · Cert 13052

FDIC

Q4 2007

$109.7MAssets
$61.5MLoans
$84.6MDeposits
$11.0MEquity
Loan mix
80%RE $42.2M20%C&I $10.4M0%Consumer $0.0MQ4 2006Q4 2007
Deposit mix
83%Interest-bearing $69.8M17%Noninterest $14.8MQ4 2006Q4 2007

NIM

4.88%Q4 ’055.51%Q4 ’065.71%Q4 ’07-6%-3%

Non-interest income vs. expense

3.20%Q4 ’053.07%Q4 ’062.74%Q4 ’07-6%-11%

Executive Summary

  • Earnings: ROA of 0.71%, up 10 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 72.74% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

0.71%+10 bps YoY

Net Interest Margin (YTD, annualized)

3.02%-9 bps YoY

Efficiency Ratio (YTD, annualized)

74.54%-577 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.61%0.51%0.56%0.64%0.71%+10 bps
Return on Equity6.16%5.49%5.91%6.77%7.38%+122 bps
Net Interest Margin3.12%3.04%3.06%3.05%3.02%-9 bps
Efficiency Ratio80.31%83.92%81.64%77.86%74.54%-577 bps
Non-Interest Burden2.48%2.57%2.50%2.34%2.21%-26 bps
Growth
Asset Growth (YoY)0.97%-1.51%-3.54%0.06%2.13%+117 bps
Loan Growth (YoY)3.99%1.87%-4.67%1.51%1.60%-239 bps
Deposit Growth (YoY)-4.00%0.55%-4.90%-3.09%-0.12%+388 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.00%0.26%0.22%0.19%+12 bps
Allowance / Loans1.17%1.23%1.16%1.10%0.81%-35 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 Capital12.87%13.36%13.60%13.33%13.55%+68 bps
Equity / Assets9.15%9.59%9.53%9.76%10.01%+87 bps
Liquidity & Funding
Loans / Deposits71.51%72.53%72.68%75.28%72.74%+123 bps
Liquid Assets / Assets2.68%2.61%2.29%2.21%1.85%-83 bps
CRE / Total Capitaln/an/an/an/an/an/an/a