PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Fortress Bank of Cresco

Cresco, IA · Cert 34223

FDIC

Q3 2007

$82.0MAssets
$56.4MLoans
$63.3MDeposits
$10.1MEquity
Loan mix
71%RE $22.7M28%C&I $8.9M1%Consumer $0.3MQ3 2006Q3 2007
Deposit mix
96%Interest-bearing $61.0M4%Noninterest $2.3MQ3 2006Q3 2007

NIM

5.09%Q3 ’055.72%Q3 ’066.33%Q3 ’07-4%+4%

Non-interest income vs. expense

2.76%Q3 ’052.66%Q3 ’062.70%Q3 ’07-4%-1%

Executive Summary

  • Earnings: ROA of 0.68%, up 7 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.42%.
  • Funding: loans stand at 88.97% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

0.68%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.08%+11 bps YoY

Efficiency Ratio (YTD, annualized)

71.03%-220 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.61%0.65%0.60%0.66%0.68%+7 bps
Return on Equity5.19%5.48%5.11%5.53%5.66%+47 bps
Net Interest Margin2.97%3.13%3.08%3.07%3.08%+11 bps
Efficiency Ratio73.23%72.16%72.95%71.57%71.03%-220 bps
Non-Interest Burden2.10%2.17%2.18%2.10%2.08%-3 bps
Growth
Asset Growth (YoY)8.36%5.92%3.99%-0.76%-0.38%-874 bps
Loan Growth (YoY)12.67%12.07%9.42%2.49%-1.78%-1,444 bps
Deposit Growth (YoY)5.90%3.81%9.02%7.04%6.77%+87 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.07%0.52%0.55%0.42%+33 bps
Allowance / Loans0.85%0.87%0.72%0.58%0.55%-30 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 Capital10.42%10.61%10.35%10.49%10.88%+46 bps
Equity / Assets11.66%11.80%11.85%12.01%12.26%+60 bps
Liquidity & Funding
Loans / Deposits96.71%95.58%91.82%92.17%88.97%-774 bps
Liquid Assets / Assets0.02%0.10%0.06%0.02%0.04%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a