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Franklin State Bank

Franklin, WI · Cert 24120

FDIC

Q1 2007

$90.3MAssets
$80.4MLoans
$79.1MDeposits
$8.5MEquity
Loan mix
69%RE $41.2M30%C&I $17.9M1%Consumer $0.4MQ1 2006Q1 2007
Deposit mix
84%Interest-bearing $66.1M16%Noninterest $13.0MQ1 2006Q1 2007

NIM

5.53%Q1 ’056.14%Q1 ’066.59%Q1 ’07-5%-6%

Non-interest income vs. expense

3.49%Q1 ’053.45%Q1 ’063.18%Q1 ’07+5%-7%

Executive Summary

  • Earnings: ROA of 0.71%, down 2 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.18%.
  • Funding: loans stand at 101.59% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

0.71%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.86%-23 bps YoY

Efficiency Ratio (YTD, annualized)

73.00%-103 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.73%0.80%0.86%0.89%0.71%-2 bps
Return on Equity7.82%8.73%9.35%9.67%7.66%-16 bps
Net Interest Margin4.08%4.03%3.98%3.94%3.86%-23 bps
Efficiency Ratio74.04%71.25%69.55%68.52%73.00%-103 bps
Non-Interest Burden2.88%2.71%2.58%2.50%2.68%-19 bps
Growth
Asset Growth (YoY)0.95%1.12%2.71%4.51%1.59%+64 bps
Loan Growth (YoY)0.02%0.01%5.14%9.07%2.29%+227 bps
Deposit Growth (YoY)-3.09%-4.71%1.54%6.30%10.73%+1,382 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.07%0.06%0.09%-0.18%-18 bps
Allowance / Loans1.37%1.29%1.27%1.18%1.29%-8 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 Capital11.63%11.19%11.61%11.32%12.04%+41 bps
Equity / Assets9.28%8.94%9.33%9.11%9.46%+19 bps
Liquidity & Funding
Loans / Deposits109.96%110.66%109.13%105.41%101.59%-837 bps
Liquid Assets / Assets0.01%0.05%0.03%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a