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First Bank and Trust

Menomonie, WI · Cert 15911

FDIC

Q4 2007

$124.4MAssets
$74.4MLoans
$95.4MDeposits
$11.3MEquity
Loan mix
80%RE $50.4M19%C&I $12.2M0%Consumer $0.2MQ1 2006Q4 2007
Deposit mix
89%Interest-bearing $85.0M11%Noninterest $10.4MQ1 2006Q4 2007

Executive Summary

  • Earnings: ROA of 0.87%, up 10 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.54%.
  • Funding: loans stand at 77.96% of deposits as of Q4 2007.

Return on Assets (quarter, annualized)

0.87%+10 bps YoY

Net Interest Margin (quarter, annualized)

3.42%+35 bps YoY

Efficiency Ratio (quarter, annualized)

63.07%-597 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.29%Q4 ’055.87%Q4 ’066.53%Q4 ’07-2%+11%

Non-interest income vs. expense

2.38%Q4 ’052.45%Q4 ’062.52%Q4 ’07+9%-1%

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.84%0.85%0.72%0.77%0.77%0.80%0.74%0.87%+10 bps
Return on Equity9.86%9.67%8.18%9.02%9.09%9.44%9.08%10.34%+132 bps
Net Interest Margin3.25%3.08%3.05%3.07%2.98%3.06%2.93%3.42%+35 bps
Efficiency Ratio68.31%67.17%72.33%69.04%69.12%67.96%67.84%63.07%-597 bps
Non-Interest Burden2.04%1.88%2.07%1.97%1.92%1.92%1.86%1.94%-3 bps
Growth
Asset Growth (YoY)3.72%6.06%1.73%5.06%11.45%12.22%20.90%3.83%-123 bps
Loan Growth (YoY)3.59%6.44%4.65%3.80%4.12%7.65%6.07%9.73%+593 bps
Deposit Growth (YoY)8.10%6.91%2.95%6.60%7.26%7.55%11.44%-7.13%-1,372 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.54%+54 bps
Allowance / Loans1.41%1.36%1.33%1.34%1.35%1.26%1.25%1.10%-24 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital15.90%15.41%15.24%14.64%15.34%14.99%14.94%15.53%+89 bps
Equity / Assets8.86%8.78%8.92%8.28%8.57%8.38%7.90%9.07%+78 bps
Liquidity & Funding
Loans / Deposits69.64%71.77%71.08%65.98%67.61%71.84%67.66%77.96%+1,198 bps
Liquid Assets / Assets0.80%0.76%0.45%0.45%2.14%0.43%0.32%0.11%-34 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a