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Legacy Bank

Milwaukee, WI · Cert 34818

FDIC

Q4 2010

$190.4MAssets
$157.9MLoans
$183.3MDeposits
$2.4MEquity
Loan mix
95%RE $148.2M5%C&I $8.3M0%Consumer $0.1MQ4 2009Q4 2010
Deposit mix
94%Interest-bearing $172.0M6%Noninterest $11.3MQ4 2009Q4 2010

NIM

6.57%Q4 ’086.16%Q4 ’094.82%Q4 ’10+22%-30%

Non-interest income vs. expense

1.85%Q4 ’082.98%Q4 ’094.80%Q4 ’10-49%+419%

Executive Summary

  • Earnings: ROA of -5.87%, up 1,902 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.04%.
  • Funding: loans stand at 86.14% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-5.87%+1,902 bps YoY

Net Interest Margin (quarter, annualized)

2.86%-122 bps YoY

Efficiency Ratio (quarter, annualized)

149.97%+10,199 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-24.89%1.07%-7.59%-5.18%-5.87%+1,902 bps
Return on Equity-330%23.07%-182.86%-170.94%-299%+3,121 bps
Net Interest Margin4.09%3.91%3.26%2.51%2.86%-122 bps
Efficiency Ratio47.98%67.97%172.79%95.74%149.97%+10,199 bps
Non-Interest Burden0.86%2.49%5.92%2.39%4.46%+360 bps
Growth
Asset Growth (YoY)-0.84%2.20%-10.07%-11.13%-15.06%-1,421 bps
Loan Growth (YoY)-5.03%-8.12%-8.86%-10.80%-8.26%-323 bps
Deposit Growth (YoY)9.24%15.34%5.03%4.47%-11.58%-2,082 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans18.85%0.95%0.36%1.59%1.04%-1,780 bps
Allowance / Loans8.05%7.99%9.75%11.53%12.95%+491 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 Capital6.90%7.44%5.64%4.30%1.75%-515 bps
Equity / Assets4.50%4.78%3.44%2.60%1.27%-322 bps
Liquidity & Funding
Loans / Deposits83.03%75.26%81.87%81.64%86.14%+311 bps
Liquid Assets / Assets3.42%2.90%2.01%4.54%7.48%+406 bps
CRE / Total Capitaln/an/an/an/an/an/an/a