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United Bank

Osseo, WI · Cert 14629

FDIC · 6 branches

Q3 2018

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 2018, the quarter ended September 30, 2018, 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

United Bank

Osseo, WI · Cert 14629

FDIC · 6 branches

Q3 2018

$269.0MAssets
$203.3MLoans
$227.5MDeposits
$29.7MEquity
Loan mix
83%RE $130.7M16%C&I $24.6M2%Consumer $2.5MQ3 2017Q3 2018
Deposit mix
72%Interest-bearing $164.1M28%Noninterest $63.4MQ3 2017Q3 2018

NIM

3.88%Q3 ’163.86%Q3 ’174.19%Q3 ’180%+7%

Non-interest income vs. expense

3.21%Q3 ’162.90%Q3 ’173.28%Q3 ’18-3%+14%

Market Position · Eau Claire, WI · 2018 SOD (annual) · 3.1% share · #12 of 23 inst. · $0.1B of $3.1B

21.8% Trempealeau
4.3% Eau Claire
5.7% Buffalo

Executive Summary

  • Earnings: ROA of 1.14%, up 6 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.42% of loans (+17 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.93%, up 23 bps from a year ago.
  • Funding: loans stand at 89.34% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

1.14%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.68%+25 bps YoY

Efficiency Ratio (YTD, annualized)

66.73%+291 bps YoY

Tier 1 Leverage Ratio

10.93%+23 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets1.07%1.19%1.29%1.35%1.14%+6 bps
Return on Equity10.55%11.49%12.04%12.70%10.62%+7 bps
Net Interest Margin3.43%3.39%3.48%3.61%3.68%+25 bps
Efficiency Ratio63.82%61.36%62.81%65.69%66.73%+291 bps
Non-Interest Burden1.78%1.59%1.74%1.99%2.04%+26 bps
Growth
Asset Growth (YoY)1.37%1.94%8.01%10.83%4.30%+292 bps
Loan Growth (YoY)3.45%2.58%7.67%1.09%1.60%-185 bps
Deposit Growth (YoY)0.62%0.62%7.56%10.84%3.86%+325 bps
Asset Quality
Nonperforming Loans / Loans0.25%0.45%0.34%0.45%0.42%+17 bps
Net Charge-Offs / Loans0.05%0.05%0.00%0.00%0.01%-4 bps
Allowance / Loans1.04%0.99%0.97%1.02%1.01%-3 bps
Allowance Coverage of NPLs4.2x2.2x2.9x2.2x2.4x-1.8x
Capital
Tier 1 Leverage Ratio10.70%11.16%11.14%10.94%10.93%+23 bps
Total Risk-Based Capital13.74%14.13%14.10%15.00%15.08%+134 bps
Equity / Assets10.73%10.84%10.54%10.51%11.03%+30 bps
Liquidity & Funding
Loans / Deposits91.32%90.50%89.16%82.40%89.34%-198 bps
Liquid Assets / Assets3.88%4.17%6.54%12.65%18.40%+1,452 bps
CRE / Total Capitaln/an/an/an/an/an/an/a