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Marine Bank

Wauwatosa, WI · Cert 30187

FDIC

Q1 2009

$364.4MAssets
$267.8MLoans
$317.5MDeposits
$32.5MEquity
Loan mix
79%RE $156.7M21%C&I $41.8M0%Consumer $0.0MQ1 2008Q1 2009
Deposit mix
93%Interest-bearing $295.6M7%Noninterest $21.9MQ1 2008Q1 2009

NIM

6.49%Q1 ’077.12%Q1 ’085.02%Q1 ’09+35%-36%

Non-interest income vs. expense

2.98%Q1 ’072.45%Q1 ’082.31%Q1 ’09+42%-4%

Executive Summary

  • Earnings: ROA of -0.85%, up 12 bps year over year; NIM at 2.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.82%.
  • Funding: loans stand at 84.36% of deposits as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

-0.85%+12 bps YoY

Net Interest Margin (YTD, annualized)

2.37%-134 bps YoY

Efficiency Ratio (YTD, annualized)

95.16%+3,074 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets-0.97%-3.27%-4.01%-3.29%-0.85%+12 bps
Return on Equity-8.80%-32.06%-41.50%-35.25%-10.14%-133 bps
Net Interest Margin3.71%3.11%3.01%3.15%2.37%-134 bps
Efficiency Ratio64.42%73.33%73.92%74.27%95.16%+3,074 bps
Non-Interest Burden2.35%2.26%2.21%2.32%2.25%-10 bps
Growth
Asset Growth (YoY)2.85%11.88%0.78%-2.54%-12.78%-1,563 bps
Loan Growth (YoY)3.65%8.39%2.77%1.55%-3.38%-703 bps
Deposit Growth (YoY)-10.90%3.47%3.75%10.68%8.26%+1,916 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%2.04%2.57%4.78%2.82%+273 bps
Allowance / Loans3.08%4.00%5.64%3.67%3.59%+51 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 Capital14.27%12.47%12.19%13.31%13.32%-95 bps
Equity / Assets10.80%8.60%8.02%7.93%8.91%-188 bps
Liquidity & Funding
Loans / Deposits94.52%95.00%88.21%81.85%84.36%-1,017 bps
Liquid Assets / Assets0.53%0.17%0.88%0.40%2.71%+218 bps
CRE / Total Capitaln/an/an/an/an/an/an/a