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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

4.53%Q3 ’124.26%Q3 ’134.29%Q3 ’14-3%+4%

Non-interest income vs. expense

2.84%Q3 ’123.09%Q3 ’133.27%Q3 ’14+3%+18%

Executive Summary

  • Earnings: ROA of 0.70%, unchanged from a year ago; NIM at 3.92%.
  • 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 (quarter, annualized)

0.70%0 bps YoY

Net Interest Margin (quarter, annualized)

3.92%+14 bps YoY

Efficiency Ratio (quarter, annualized)

78.89%+427 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.69%0.95%0.76%-1.37%0.70%0 bps
Return on Equity6.35%8.79%6.88%-12.61%6.46%+12 bps
Net Interest Margin3.78%3.75%3.50%-2.77%3.92%+14 bps
Efficiency Ratio74.61%64.38%73.56%155.23%78.89%+427 bps
Non-Interest Burden2.73%2.26%2.47%-1.23%3.21%+48 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 / Loans0.12%0.62%0.00%0.00%0.00%-12 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