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Green Lake State Bank

Green Lake, WI · Cert 15148

FDIC

Q1 2008

$93.5MAssets
$79.4MLoans
$75.5MDeposits
$8.0MEquity
Loan mix
65%RE $34.7M35%C&I $18.6M0%Consumer $0.1MQ1 2007Q1 2008
Deposit mix
86%Interest-bearing $65.3M14%Noninterest $10.3MQ1 2007Q1 2008

NIM

7.16%Q1 ’067.60%Q1 ’076.54%Q1 ’08-8%-19%

Non-interest income vs. expense

2.14%Q1 ’061.99%Q1 ’072.05%Q1 ’08-19%-4%

Executive Summary

  • Earnings: ROA of 1.16%, down 45 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.40%.
  • Funding: loans stand at 105.15% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

1.16%-45 bps YoY

Net Interest Margin (YTD, annualized)

3.28%-76 bps YoY

Efficiency Ratio (YTD, annualized)

50.54%+821 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.61%1.71%1.75%1.69%1.16%-45 bps
Return on Equity18.88%19.53%19.78%19.24%13.64%-524 bps
Net Interest Margin4.04%4.30%4.35%4.28%3.28%-76 bps
Efficiency Ratio42.33%40.95%40.01%38.92%50.54%+821 bps
Non-Interest Burden1.33%1.31%1.33%1.21%1.28%-5 bps
Growth
Asset Growth (YoY)14.51%11.40%11.29%3.98%16.71%+220 bps
Loan Growth (YoY)16.39%13.34%15.29%18.03%16.78%+39 bps
Deposit Growth (YoY)17.29%9.60%11.54%-1.04%10.30%-699 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.05%1.09%0.76%0.40%+40 bps
Allowance / Loans1.44%1.48%0.82%1.02%0.93%-51 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 Capital11.30%11.01%10.49%10.16%9.92%-139 bps
Equity / Assets9.07%9.17%9.06%8.54%8.51%-57 bps
Liquidity & Funding
Loans / Deposits99.31%105.76%100.44%100.87%105.15%+584 bps
Liquid Assets / Assets0.03%0.02%0.05%0.03%0.02%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a