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Monona State Bank

Monona, WI · Cert 33458

FDIC · 9 branches

Q4 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2022, the quarter ended December 31, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Monona State Bank

Monona, WI · Cert 33458

FDIC · 9 branches

Q4 2022

$1.2BAssets
$987.5MLoans
$1.0BDeposits
$124.4MEquity
Loan mix
85%RE $601.6M14%C&I $100.7M1%Consumer $7.0MQ4 2021Q4 2022
Deposit mix
72%Interest-bearing $748.5M28%Noninterest $290.1MQ4 2021Q4 2022

NIM

3.81%Q4 ’203.48%Q4 ’211.23%Q4 ’22+1%-69%

Non-interest income vs. expense

2.51%Q4 ’202.42%Q4 ’210.77%Q4 ’22+13%-63%

Market Position · Madison, WI · 2022 SOD (annual) · 3.8% share · #10 of 45 inst. · $1.0B of $26.3B

4.3% Dane
1.1% Sauk

Executive Summary

  • Earnings: ROA of -0.30%, down 140 bps year over year; NIM at 1.04%.
  • Asset quality: problem loans at 0.10% of loans (-11 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.22%, down 209 bps from a year ago.
  • Funding: loans stand at 95.09% of deposits as of Q4 2022.

Financial Results

Return on Assets (YTD, annualized)

-0.30%-140 bps YoY

Net Interest Margin (YTD, annualized)

1.04%-228 bps YoY

Efficiency Ratio (YTD, annualized)

59.57%-191 bps YoY

Tier 1 Leverage Ratio

7.22%-209 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2021Q1 2022Q2 2022Q3 2022Q4 2022YoY ΔTrend
Earnings
Return on Assets1.10%0.84%0.89%0.90%-0.30%-140 bps
Return on Equity10.40%8.21%8.66%8.78%-2.95%-1,335 bps
Net Interest Margin3.32%3.05%3.14%3.19%1.04%-228 bps
Efficiency Ratio61.47%68.21%66.40%66.04%59.57%-191 bps
Non-Interest Burden1.80%1.94%1.94%1.96%0.68%-113 bps
Growth
Asset Growth (YoY)11.81%9.84%3.63%5.15%3.60%-821 bps
Loan Growth (YoY)6.21%0.64%2.89%8.75%5.38%-82 bps
Deposit Growth (YoY)14.45%12.47%6.38%5.33%-0.93%-1,538 bps
Asset Quality
Nonperforming Loans / Loans0.21%0.15%0.10%0.08%0.10%-11 bps
Net Charge-Offs / Loans-0.02%0.00%0.00%0.00%0.00%+2 bps
Allowance / Loans1.38%1.39%1.33%1.27%0.96%-42 bps
Allowance Coverage of NPLs6.7x9.3x12.7x15.5x9.6x+3.0x
Capital
Tier 1 Leverage Ratio9.31%9.25%9.65%9.86%7.22%-209 bps
Total Risk-Based Capital12.09%12.30%12.18%11.98%8.87%-322 bps
Equity / Assets10.20%10.24%10.37%10.21%10.02%-19 bps
Liquidity & Funding
Loans / Deposits89.39%89.06%93.37%97.45%95.09%+570 bps
Liquid Assets / Assets7.09%7.02%1.68%0.64%1.30%-580 bps
CRE / Total Capitaln/an/an/an/an/an/an/a