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Ozaukee Bank

Cedarburg, WI · Cert 22017

FDIC

Q2 2008

$828.6MAssets
$522.5MLoans
$562.3MDeposits
$186.1MEquity
Loan mix
87%RE $403.2M12%C&I $55.5M1%Consumer $4.0MQ2 2007Q2 2008
Deposit mix
86%Interest-bearing $484.9M14%Noninterest $77.3MQ2 2007Q2 2008

NIM

5.98%Q2 ’066.47%Q2 ’073.01%Q2 ’080%-48%

Non-interest income vs. expense

2.38%Q2 ’062.33%Q2 ’071.44%Q2 ’08-1%-40%

Executive Summary

  • Earnings: ROA of 0.59%, down 67 bps year over year; NIM at 1.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 92.92% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

0.59%-67 bps YoY

Net Interest Margin (YTD, annualized)

1.78%-164 bps YoY

Efficiency Ratio (YTD, annualized)

53.59%-139 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.26%1.24%1.15%0.31%0.59%-67 bps
Return on Equity17.17%16.52%15.40%2.05%3.34%-1,383 bps
Net Interest Margin3.42%3.35%3.34%1.09%1.78%-164 bps
Efficiency Ratio54.98%55.89%58.06%50.29%53.59%-139 bps
Non-Interest Burden1.51%1.50%1.60%0.43%0.90%-61 bps
Growth
Asset Growth (YoY)3.00%1.30%5.96%20.47%20.04%+1,704 bps
Loan Growth (YoY)2.25%1.88%-0.04%0.11%-0.57%-282 bps
Deposit Growth (YoY)0.85%-0.93%5.80%5.38%0.45%-40 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.01%0.00%0.01%0 bps
Allowance / Loans1.41%1.44%1.41%1.11%1.14%-27 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 Capital11.10%11.42%11.33%10.27%10.69%-40 bps
Equity / Assets7.47%7.86%7.40%22.15%22.46%+1,499 bps
Liquidity & Funding
Loans / Deposits93.88%94.96%86.11%89.36%92.92%-95 bps
Liquid Assets / Assets0.00%0.00%1.57%0.00%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a