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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

5.26%Q4 ’055.67%Q4 ’065.64%Q4 ’07-10%-2%

Non-interest income vs. expense

3.18%Q4 ’052.99%Q4 ’062.25%Q4 ’07+4%-26%

Executive Summary

  • Earnings: ROA of 0.91%, up 12 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 0.09%.
  • Funding: loans stand at 72.74% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

0.91%+12 bps YoY

Net Interest Margin (quarter, annualized)

2.97%-5 bps YoY

Efficiency Ratio (quarter, annualized)

63.90%-1,827 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.79%0.51%0.60%0.83%0.91%+12 bps
Return on Equity8.62%5.49%6.29%8.57%9.16%+55 bps
Net Interest Margin3.02%3.04%3.05%3.01%2.97%-5 bps
Efficiency Ratio82.17%83.92%79.40%70.64%63.90%-1,827 bps
Non-Interest Burden2.49%2.57%2.41%2.01%1.85%-64 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 / Loans0.15%0.00%0.51%0.17%0.09%-5 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