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La Farge State Bank

La Farge, WI · Cert 15127

FDIC · 2 branches

Q2 2014

$47.2MAssets
$19.5MLoans
$33.8MDeposits
$13.3MEquity
Loan mix
65%RE $9.1M29%C&I $4.1M6%Consumer $0.8MQ2 2013Q2 2014
Deposit mix
85%Interest-bearing $28.8M15%Noninterest $5.0MQ2 2013Q2 2014

NIM

4.28%Q2 ’124.12%Q2 ’133.62%Q2 ’14-1%-12%

Non-interest income vs. expense

1.27%Q2 ’121.51%Q2 ’131.38%Q2 ’14+5%+3%

Executive Summary

  • Earnings: ROA of 1.57%, down 42 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.36%.
  • Funding: loans stand at 57.78% of deposits as of Q2 2014.

Financial Results

Return on Assets (YTD, annualized)

1.57%-42 bps YoY

Net Interest Margin (YTD, annualized)

3.34%-44 bps YoY

Efficiency Ratio (YTD, annualized)

38.43%+247 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2013Q3 2013Q4 2013Q1 2014Q2 2014YoY ΔTrend
Earnings
Return on Assets1.99%1.78%1.82%1.38%1.57%-42 bps
Return on Equity7.71%6.84%6.92%5.03%5.67%-204 bps
Net Interest Margin3.78%3.83%3.72%3.33%3.34%-44 bps
Efficiency Ratio35.96%35.40%36.33%44.03%38.43%+247 bps
Non-Interest Burden1.09%1.13%1.15%1.33%1.13%+4 bps
Growth
Asset Growth (YoY)-8.70%-8.41%-0.74%-1.82%0.02%+872 bps
Loan Growth (YoY)-0.04%-8.53%-14.05%-10.51%-22.04%-2,199 bps
Deposit Growth (YoY)-1.01%2.92%-1.27%-4.76%-0.91%+9 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.17%0.00%3.36%+336 bps
Allowance / Loans1.43%1.93%1.90%1.93%0.42%-100 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 Capital41.17%43.62%45.52%46.56%49.56%+839 bps
Equity / Assets26.65%26.57%27.29%27.65%28.27%+162 bps
Liquidity & Funding
Loans / Deposits73.44%65.94%62.88%62.13%57.78%-1,566 bps
Liquid Assets / Assets43.61%45.54%50.71%49.96%54.69%+1,108 bps
CRE / Total Capitaln/an/an/an/an/an/an/a