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F&M Bank - Wisconsin

Kaukauna, WI · Cert 5305

FDIC

Q1 2005

$1.5BAssets
$970.1MLoans
$1.1BDeposits
$197.5MEquity
Loan mix
83%RE $458.5M16%C&I $90.0M1%Consumer $3.3MQ1 2004Q1 2005
Deposit mix
86%Interest-bearing $957.2M14%Noninterest $152.9MQ1 2004Q1 2005

NIM

5.34%Q1 ’035.10%Q1 ’045.10%Q1 ’05+7%-1%

Non-interest income vs. expense

3.03%Q1 ’033.22%Q1 ’043.19%Q1 ’05+5%+1%

Executive Summary

  • Earnings: ROA of 0.97%, up 23 bps year over year; NIM at 3.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.54%.
  • Funding: loans stand at 87.39% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

0.97%+23 bps YoY

Net Interest Margin (quarter, annualized)

3.52%-4 bps YoY

Efficiency Ratio (quarter, annualized)

74.61%+93 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.75%0.61%0.75%0.72%0.97%+23 bps
Return on Equity6.31%5.12%6.18%5.80%7.75%+144 bps
Net Interest Margin3.56%3.61%3.56%3.44%3.52%-4 bps
Efficiency Ratio73.69%77.86%78.05%75.77%74.61%+93 bps
Non-Interest Burden2.41%2.64%2.61%2.42%2.44%+3 bps
Growth
Asset Growth (YoY)-9.35%-8.30%-4.67%-1.91%-5.47%+388 bps
Loan Growth (YoY)-12.14%-12.41%-11.23%-9.26%-8.23%+391 bps
Deposit Growth (YoY)-14.15%-11.24%-7.52%-3.00%-7.47%+668 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.76%0.85%0.76%1.65%0.54%-22 bps
Allowance / Loans4.55%4.58%4.59%4.49%4.36%-19 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 Capital16.25%16.69%17.43%17.65%18.21%+195 bps
Equity / Assets12.11%11.80%12.43%12.33%12.84%+72 bps
Liquidity & Funding
Loans / Deposits88.12%88.31%85.88%81.97%87.39%-72 bps
Liquid Assets / Assets0.10%0.10%0.10%0.10%0.09%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a