Merrill Federal Savings & Loan Association

Merrill, WI · Cert 30120

FDIC · 1 branch

Q3 2016

$47.1MAssets

$40.5MLoans

$39.4MDeposits

$6.5MEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of 0.60%, down 23 bps year over year; NIM at 3.73%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.

Return on Assets (YTD, annualized)

0.60%-23 bps YoY

Net Interest Margin (YTD, annualized)

3.73%-10 bps YoY

Efficiency Ratio (YTD, annualized)

74.51%+975 bps YoY

Tier 1 Leverage Ratio

13.48%+41 bps YoY

Year to date, annualized, through each quarter.

Metric	Q3 2015	Q4 2015	Q1 2016	Q2 2016	Q3 2016	YoY Δ	Trend
Earnings
Return on Assets	0.82%	0.82%	0.87%	0.58%	0.60%	-23 bps
Return on Equity	6.31%	6.25%	6.49%	4.33%	4.41%	-190 bps
Net Interest Margin	3.83%	3.81%	3.77%	3.79%	3.73%	-10 bps
Efficiency Ratio	64.76%	65.06%	63.35%	74.81%	74.51%	+975 bps
Non-Interest Burden	2.40%	2.40%	2.30%	2.77%	2.71%	+31 bps
Growth
Asset Growth (YoY)	-0.90%	0.94%	1.94%	3.55%	1.09%	+200 bps
Loan Growth (YoY)	0.96%	0.46%	1.69%	-2.59%	-3.27%	-423 bps
Deposit Growth (YoY)	-1.50%	0.68%	1.89%	3.79%	0.91%	+241 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.04%	0.02%	0.20%	0.10%	0.09%	+5 bps
Allowance / Loans	1.19%	1.20%	1.15%	1.19%	1.18%	-1 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	13.07%	13.16%	13.21%	13.37%	13.48%	+41 bps
Total Risk-Based Capital	18.52%	19.22%	19.05%	18.96%	19.26%	+74 bps
Equity / Assets	13.33%	13.21%	13.62%	13.46%	13.84%	+51 bps
Liquidity & Funding
Loans / Deposits	107.25%	103.91%	105.74%	101.40%	102.80%	-444 bps
Liquid Assets / Assets	6.20%	4.50%	7.48%	5.54%	5.97%	-23 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a