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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

5.94%Q3 ’084.93%Q3 ’094.53%Q3 ’10-24%-1%

Non-interest income vs. expense

2.49%Q3 ’082.23%Q3 ’093.31%Q3 ’10-7%+55%

Executive Summary

  • Earnings: ROA of -2.82%, up 12 bps year over year; NIM at 2.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.94%.
  • Funding: loans stand at 84.00% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

-2.82%+12 bps YoY

Net Interest Margin (quarter, annualized)

2.42%-3 bps YoY

Efficiency Ratio (quarter, annualized)

99.09%+2,837 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets-2.94%-7.06%0.14%-10.66%-2.82%+12 bps
Return on Equity-52.58%-159.24%3.75%-377%-205%-15,277 bps
Net Interest Margin2.45%2.57%2.82%2.73%2.42%-3 bps
Efficiency Ratio70.72%83.35%75.40%100.12%99.09%+2,837 bps
Non-Interest Burden1.55%2.04%1.97%2.75%2.41%+85 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 / Loans8.74%13.35%0.51%3.59%1.94%-680 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