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S&C Bank, Polk County

Balsam Lake, WI · Cert 15250

FDIC

Q2 2001

$68.1MAssets
$52.3MLoans
$55.3MDeposits
$6.4MEquity
Loan mix
87%RE $29.0M12%C&I $4.1M1%Consumer $0.3MQ2 2000Q2 2001
Deposit mix
84%Interest-bearing $46.5M16%Noninterest $8.8MQ2 2000Q2 2001

NIM

7.70%Q1 ’017.72%Q2 ’01+6%

Non-interest income vs. expense

3.24%Q1 ’013.26%Q2 ’01-3%

Executive Summary

  • Earnings: ROA of 1.25%, up 13 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 94.50% of deposits as of Q2 2001.

Financial Results

Return on Assets (quarter, annualized)

1.25%+13 bps YoY

Net Interest Margin (quarter, annualized)

4.07%

Efficiency Ratio (quarter, annualized)

64.62%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2000Q3 2000Q4 2000Q1 2001Q2 2001YoY ΔTrend
Earnings
Return on Assets1.12%1.04%1.10%1.00%1.25%+13 bps
Return on Equityn/an/an/an/a13.73%n/an/a
Net Interest Marginn/an/an/a3.85%4.07%n/a
Efficiency Ration/an/an/a68.64%64.62%n/a
Non-Interest Burdenn/an/an/a2.37%2.29%n/a
Growth
Asset Growth (YoY)7.84%13.77%11.89%9.92%4.30%-354 bps
Loan Growth (YoY)16.28%21.36%16.28%17.93%11.75%-452 bps
Deposit Growth (YoY)5.46%4.14%4.26%2.69%-2.01%-747 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a-0.02%0.02%n/a
Allowance / Loansn/an/an/a1.88%1.94%n/a
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 Capitaln/an/an/a14.53%13.44%n/a
Equity / Assetsn/an/an/a8.89%9.33%n/a
Liquidity & Funding
Loans / Deposits82.87%92.76%93.38%92.60%94.50%+1,164 bps
Liquid Assets / Assets0.00%0.00%0.00%0.02%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a