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Riverbank, The

Osceola, WI · Cert 15275

FDIC

Q4 2006

$325.0MAssets
$289.4MLoans
$257.8MDeposits
$27.6MEquity
Loan mix
54%RE $50.6M45%C&I $42.5M1%Consumer $0.8MQ4 2005Q4 2006
Deposit mix
86%Interest-bearing $222.6M14%Noninterest $35.1MQ4 2005Q4 2006

NIM

6.06%Q4 ’047.02%Q4 ’057.68%Q4 ’06+3%-10%

Non-interest income vs. expense

3.44%Q4 ’043.04%Q4 ’052.96%Q4 ’06+33%-16%

Executive Summary

  • Earnings: ROA of 1.35%, down 8 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 112.26% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

1.35%-8 bps YoY

Net Interest Margin (quarter, annualized)

4.12%-44 bps YoY

Efficiency Ratio (quarter, annualized)

54.99%+50 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.43%1.35%1.44%1.24%1.35%-8 bps
Return on Equity16.95%16.25%17.32%15.00%16.08%-87 bps
Net Interest Margin4.57%4.29%4.35%4.18%4.12%-44 bps
Efficiency Ratio54.49%55.17%52.96%57.45%54.99%+50 bps
Non-Interest Burden2.04%1.86%1.78%1.95%1.70%-34 bps
Growth
Asset Growth (YoY)20.76%21.69%15.21%19.19%13.37%-739 bps
Loan Growth (YoY)23.32%23.40%17.08%18.67%12.62%-1,070 bps
Deposit Growth (YoY)18.27%17.09%10.54%14.97%12.30%-597 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.03%0.00%0.20%0.02%-5 bps
Allowance / Loans1.36%1.39%1.38%1.37%1.41%+4 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 Capital10.13%10.24%10.08%10.17%10.36%+23 bps
Equity / Assets8.28%8.39%8.27%8.30%8.49%+21 bps
Liquidity & Funding
Loans / Deposits111.95%108.08%114.10%111.79%112.26%+32 bps
Liquid Assets / Assets0.01%0.01%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a