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First Banking Center

Burlington, WI · Cert 5287

FDIC

Q3 2010

$750.7MAssets
$558.4MLoans
$664.8MDeposits
$8.5MEquity
Loan mix
94%RE $450.4M6%C&I $28.1M0%Consumer $0.2MQ3 2009Q3 2010
Deposit mix
89%Interest-bearing $593.1M11%Noninterest $71.6MQ3 2009Q3 2010

NIM

6.14%Q3 ’085.03%Q3 ’095.03%Q3 ’10-17%+4%

Non-interest income vs. expense

2.46%Q3 ’082.47%Q3 ’093.18%Q3 ’10+17%+40%

Executive Summary

  • Earnings: ROA of -4.42%, down 218 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.08%.
  • Funding: loans stand at 84.00% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

-4.42%-218 bps YoY

Net Interest Margin (YTD, annualized)

2.79%+11 bps YoY

Efficiency Ratio (YTD, annualized)

90.67%+1,792 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-2.24%-3.43%0.14%-5.12%-4.42%-218 bps
Return on Equity-34.69%-58.42%3.75%-167.07%-167.79%-13,310 bps
Net Interest Margin2.68%2.73%2.82%2.83%2.79%+11 bps
Efficiency Ratio72.74%75.28%75.40%86.76%90.67%+1,792 bps
Non-Interest Burden1.78%1.90%1.97%2.40%2.49%+71 bps
Growth
Asset Growth (YoY)3.69%-1.94%-3.81%-18.30%-20.23%-2,392 bps
Loan Growth (YoY)-11.33%-17.10%-17.87%-17.22%-15.51%-417 bps
Deposit Growth (YoY)10.83%6.96%4.21%-13.87%-15.42%-2,625 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans5.47%7.71%0.51%2.06%2.08%-339 bps
Allowance / Loans2.78%3.80%3.75%5.73%6.67%+389 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 Capital9.31%6.92%7.15%4.59%3.74%-556 bps
Equity / Assets5.34%3.50%3.99%1.60%1.13%-421 bps
Liquidity & Funding
Loans / Deposits84.09%79.60%82.57%81.46%84.00%-9 bps
Liquid Assets / Assets6.87%5.98%4.31%8.15%8.29%+142 bps
CRE / Total Capitaln/an/an/an/an/an/an/a