PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Elmwood

Racine, WI · Cert 18321

FDIC

Q3 2009

$327.4MAssets
$281.6MLoans
$272.8MDeposits
$7.4MEquity
Loan mix
94%RE $217.8M5%C&I $12.4M1%Consumer $2.6MQ3 2008Q3 2009
Deposit mix
92%Interest-bearing $249.9M8%Noninterest $22.9MQ3 2008Q3 2009

NIM

6.96%Q3 ’075.91%Q3 ’084.96%Q3 ’09-15%-22%

Non-interest income vs. expense

3.15%Q3 ’073.28%Q3 ’083.80%Q3 ’09+7%+66%

Executive Summary

  • Earnings: ROA of -4.13%, down 107 bps year over year; NIM at 2.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.14%.
  • Funding: loans stand at 103.22% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-4.13%-107 bps YoY

Net Interest Margin (quarter, annualized)

2.51%-71 bps YoY

Efficiency Ratio (quarter, annualized)

243%+15,263 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-3.06%-13.55%1.11%-2.18%-4.13%-107 bps
Return on Equity-46.51%-281%31.29%-63.35%-153.44%-10,693 bps
Net Interest Margin3.22%3.09%3.01%2.67%2.51%-71 bps
Efficiency Ratio90.15%126.79%65.97%136.16%243%+15,263 bps
Non-Interest Burden2.86%4.00%1.94%4.14%4.74%+188 bps
Growth
Asset Growth (YoY)3.73%-6.57%-7.03%-7.36%-10.35%-1,408 bps
Loan Growth (YoY)3.97%1.70%-3.15%-8.30%-11.35%-1,532 bps
Deposit Growth (YoY)0.33%-7.48%3.22%8.19%4.68%+435 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.53%6.57%0.20%2.30%2.14%+60 bps
Allowance / Loans2.00%4.06%4.11%3.96%4.09%+209 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 Capital9.78%5.59%6.00%5.37%4.23%-554 bps
Equity / Assets6.24%3.32%3.79%3.10%2.27%-397 bps
Liquidity & Funding
Loans / Deposits121.88%123.12%108.72%104.04%103.22%-1,866 bps
Liquid Assets / Assets0.16%0.17%0.18%7.62%8.66%+850 bps
CRE / Total Capitaln/an/an/an/an/an/an/a