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Northway State Bank

Grayslake, IL · Cert 35097

FDIC

Q3 2005

$50.4MAssets
$41.9MLoans
$44.8MDeposits
$5.2MEquity
Deposit mix
83%Interest-bearing $37.2M17%Noninterest $7.6MQ3 2004Q3 2005

NIM

4.74%Q3 ’034.78%Q3 ’045.78%Q3 ’05+1%+17%

Non-interest income vs. expense

3.01%Q3 ’032.75%Q3 ’043.33%Q3 ’05-10%+29%

Executive Summary

  • Earnings: ROA of 0.40%, down 6 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 93.34% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.40%-6 bps YoY

Net Interest Margin (quarter, annualized)

3.84%+57 bps YoY

Efficiency Ratio (quarter, annualized)

80.65%+549 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.47%0.21%0.60%0.50%0.40%-6 bps
Return on Equity4.78%2.17%6.12%4.94%3.87%-90 bps
Net Interest Margin3.27%3.40%3.53%3.68%3.84%+57 bps
Efficiency Ratio75.16%91.12%76.99%86.46%80.65%+549 bps
Non-Interest Burden2.36%3.07%2.66%3.13%3.04%+68 bps
Growth
Asset Growth (YoY)13.08%10.57%-0.28%-1.43%-3.07%-1,616 bps
Loan Growth (YoY)28.01%8.98%0.61%-4.47%-0.69%-2,871 bps
Deposit Growth (YoY)12.14%11.29%-1.05%-2.45%-4.21%-1,635 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.02%-0.02%0.06%0.00%+1 bps
Allowance / Loans1.17%1.18%1.20%1.13%1.12%-5 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 Capital11.20%11.56%11.87%12.32%12.13%+93 bps
Equity / Assets9.56%9.83%9.93%10.54%10.29%+73 bps
Liquidity & Funding
Loans / Deposits90.03%91.91%88.57%91.63%93.34%+331 bps
Liquid Assets / Assets11.92%10.42%13.69%11.47%9.16%-276 bps
CRE / Total Capitaln/an/an/an/an/an/an/a