Town & Country State Bank of Winona

Winona, MN · Cert 20412

FDIC

Q3 2001

$91.8MAssets

$60.6MLoans

$82.6MDeposits

$8.3MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.48%, up 21 bps year over year; NIM at 3.65%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
Funding: loans stand at 73.44% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.48%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.65%

Efficiency Ratio (YTD, annualized)

57.42%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.16%	1.17%	1.19%	1.26%	1.21%	1.28%	1.19%	1.48%	+21 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	3.45%	3.53%	3.65%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	62.85%	61.26%	57.42%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.00%	2.00%	1.92%	n/a
Growth
Asset Growth (YoY)	1.52%	2.77%	3.83%	4.89%	6.91%	7.66%	2.62%	4.18%	-72 bps
Loan Growth (YoY)	14.51%	13.14%	13.03%	6.21%	8.32%	8.97%	6.75%	5.30%	-91 bps
Deposit Growth (YoY)	2.58%	2.74%	3.60%	4.70%	5.97%	6.84%	1.33%	2.46%	-224 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.07%	0.02%	0.10%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.15%	1.23%	1.33%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	11.77%	11.83%	12.81%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	8.05%	8.36%	9.01%	n/a
Liquidity & Funding
Loans / Deposits	69.09%	71.81%	72.82%	71.46%	70.62%	73.24%	76.72%	73.44%	+198 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a