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Letter portraitLegal landscapeQuarterYTD

Bank of Buffalo

Cochrane, WI · Cert 15906

FDIC

Q4 2002

$39.5MAssets
$22.5MLoans
$36.2MDeposits
$2.3MEquity
Loan mix
77%RE $9.6M22%C&I $2.7M1%Consumer $0.1MQ4 2001Q4 2002
Deposit mix
91%Interest-bearing $33.1M9%Noninterest $3.1MQ4 2001Q4 2002

NIM

7.11%Q1 ’016.39%Q4 ’015.86%Q4 ’02-5%+15%

Non-interest income vs. expense

2.79%Q1 ’012.47%Q4 ’012.79%Q4 ’02-4%+10%

Executive Summary

  • Earnings: ROA of -1.28%, up 14 bps year over year; NIM at 2.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.90%.
  • Funding: loans stand at 62.10% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

-1.28%+14 bps YoY

Net Interest Margin (YTD, annualized)

2.99%+39 bps YoY

Efficiency Ratio (YTD, annualized)

78.17%-258 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-1.42%0.15%-1.70%-0.99%-1.28%+14 bps
Return on Equityn/a2.55%-29.90%-16.74%-21.92%n/a
Net Interest Margin2.59%2.69%2.80%3.00%2.99%+39 bps
Efficiency Ratio80.75%80.68%74.97%76.34%78.17%-258 bps
Non-Interest Burden2.01%2.08%1.97%2.15%2.21%+20 bps
Growth
Asset Growth (YoY)13.42%8.91%-0.17%-7.36%-8.33%-2,174 bps
Loan Growth (YoY)-7.50%-2.24%-5.45%-9.16%-9.66%-216 bps
Deposit Growth (YoY)17.99%13.23%2.43%-5.89%-8.13%-2,612 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.35%-0.02%3.83%2.60%1.90%-145 bps
Allowance / Loans1.57%1.76%1.84%2.03%3.59%+202 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 Capital10.21%9.76%8.62%9.10%8.77%-144 bps
Equity / Assets5.94%5.62%5.49%6.54%5.70%-24 bps
Liquidity & Funding
Loans / Deposits63.15%62.36%65.67%66.56%62.10%-106 bps
Liquid Assets / Assets2.44%1.27%1.34%1.37%1.39%-106 bps
CRE / Total Capitaln/an/an/an/an/an/an/a