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Bank North

Crivitz, WI · Cert 15093

FDIC · 5 branches

Q3 2014

$119.4MAssets
$80.3MLoans
$100.7MDeposits
$13.2MEquity
Loan mix
91%RE $69.4M7%C&I $5.4M2%Consumer $1.8MQ3 2013Q3 2014
Deposit mix
81%Interest-bearing $81.6M19%Noninterest $19.1MQ3 2013Q3 2014

NIM

4.46%Q3 ’124.24%Q3 ’131.72%Q3 ’14-3%-57%

Non-interest income vs. expense

2.93%Q3 ’123.08%Q3 ’131.56%Q3 ’14+1%-44%

Executive Summary

  • Earnings: ROA of 0.03%, down 62 bps year over year; NIM at 1.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 79.78% of deposits as of Q3 2014.

Financial Results

Return on Assets (YTD, annualized)

0.03%1-62 bps YoY

Net Interest Margin (YTD, annualized)

1.58%-213 bps YoY

Efficiency Ratio (YTD, annualized)

92.13%+1,678 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.64%0.72%0.76%-0.30%0.03%1-62 bps
Return on Equity5.81%6.53%6.88%-2.78%0.24%-557 bps
Net Interest Margin3.71%3.70%3.50%0.40%1.58%-213 bps
Efficiency Ratio75.35%72.55%73.56%150.54%92.13%+1,678 bps
Non-Interest Burden2.70%2.58%2.47%0.65%1.51%-119 bps
Growth
Asset Growth (YoY)3.59%2.34%-0.33%-0.46%-4.44%-803 bps
Loan Growth (YoY)1.37%0.46%-0.06%-2.00%-3.66%-504 bps
Deposit Growth (YoY)0.66%-0.08%-0.15%3.89%-0.94%-160 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.19%0.00%0.00%0.00%-4 bps
Allowance / Loans1.86%1.74%1.80%0.04%0.18%-169 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 Capital19.65%19.45%20.09%13.53%14.33%-532 bps
Equity / Assets10.82%10.81%11.15%10.52%11.02%+20 bps
Liquidity & Funding
Loans / Deposits82.04%81.58%77.37%76.97%79.78%-226 bps
Liquid Assets / Assets1.86%1.44%1.45%1.44%4.01%+216 bps
CRE / Total Capitaln/an/an/an/an/an/an/a