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S&C Bank

New Richmond, WI · Cert 14800

FDIC

Q4 2007

$404.1MAssets
$309.2MLoans
$331.9MDeposits
$47.7MEquity
Loan mix
90%RE $236.5M9%C&I $24.8M0%Consumer $1.0MQ4 2006Q4 2007
Deposit mix
82%Interest-bearing $271.4M18%Noninterest $60.4MQ4 2006Q4 2007

NIM

6.10%Q4 ’056.70%Q4 ’066.65%Q4 ’07+1%-1%

Non-interest income vs. expense

3.34%Q4 ’053.70%Q4 ’062.88%Q4 ’07+19%-29%

Executive Summary

  • Earnings: ROA of 1.52%, up 39 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.85%.
  • Funding: loans stand at 93.17% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

1.52%+39 bps YoY

Net Interest Margin (quarter, annualized)

4.13%-4 bps YoY

Efficiency Ratio (quarter, annualized)

54.91%-1,409 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.13%1.05%1.24%1.10%1.52%+39 bps
Return on Equity9.70%8.92%10.29%8.89%12.51%+281 bps
Net Interest Margin4.17%4.05%4.34%4.23%4.13%-4 bps
Efficiency Ratio69.00%70.47%67.44%68.67%54.91%-1,409 bps
Non-Interest Burden2.51%2.50%2.51%2.55%1.77%-74 bps
Growth
Asset Growth (YoY)-0.57%-0.43%-0.35%-0.69%0.41%+97 bps
Loan Growth (YoY)-1.15%-1.52%2.80%2.20%3.56%+471 bps
Deposit Growth (YoY)-0.69%-2.53%-1.77%-0.55%0.28%+97 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.33%0.10%-0.06%0.38%0.85%+52 bps
Allowance / Loans1.33%1.29%1.28%1.19%0.96%-36 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 Capital15.09%15.24%15.53%15.59%14.32%-77 bps
Equity / Assets11.68%11.85%12.17%12.48%11.80%+13 bps
Liquidity & Funding
Loans / Deposits90.22%90.70%93.88%91.56%93.17%+295 bps
Liquid Assets / Assets0.04%0.03%0.03%0.03%0.03%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a