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State Financial Bank, National Association

Hales Corners, WI · Cert 3753

FDIC

Q3 2005

$1.7BAssets
$997.1MLoans
$1.1BDeposits
$161.9MEquity
Loan mix
62%RE $225.4M37%C&I $135.1M0%Consumer $1.3MQ3 2004Q3 2005
Deposit mix
82%Interest-bearing $864.6M18%Noninterest $186.2MQ3 2004Q3 2005

NIM

4.42%Q3 ’034.55%Q3 ’045.62%Q3 ’05+5%+18%

Non-interest income vs. expense

2.57%Q3 ’032.27%Q3 ’043.55%Q3 ’05+10%+84%

Executive Summary

  • Earnings: ROA of 0.27%, down 75 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.00%.
  • Funding: loans stand at 94.89% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.27%-75 bps YoY

Net Interest Margin (quarter, annualized)

3.86%+58 bps YoY

Efficiency Ratio (quarter, annualized)

77.69%+2,058 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.02%1.05%1.18%1.21%0.27%-75 bps
Return on Equity10.48%10.31%10.94%11.10%2.64%-784 bps
Net Interest Margin3.28%3.49%3.52%3.74%3.86%+58 bps
Efficiency Ratio57.11%57.85%55.65%54.53%77.69%+2,058 bps
Non-Interest Burden1.57%1.67%1.68%1.75%2.88%+131 bps
Growth
Asset Growth (YoY)24.39%1.39%-1.68%-6.53%2.80%-2,160 bps
Loan Growth (YoY)18.09%7.05%7.82%11.89%7.21%-1,088 bps
Deposit Growth (YoY)17.23%5.12%3.23%0.11%-1.19%-1,842 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.19%0.00%0.07%1.00%+92 bps
Allowance / Loans1.32%1.32%1.32%1.33%1.33%+1 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 Capital11.19%11.67%11.90%11.75%11.56%+37 bps
Equity / Assets9.71%10.78%10.86%10.85%9.72%+1 bps
Liquidity & Funding
Loans / Deposits87.45%86.56%89.40%93.87%94.89%+744 bps
Liquid Assets / Assets0.13%0.13%0.13%0.13%0.08%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a