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First National Bank-Fox Valley

Menasha, WI · Cert 5307

FDIC · 5 branches

Q1 2017

$456.6MAssets
$362.5MLoans
$386.9MDeposits
$53.6MEquity
Loan mix
68%RE $170.3M29%C&I $73.2M2%Consumer $5.7MQ1 2016Q1 2017
Deposit mix
80%Interest-bearing $308.8M20%Noninterest $78.1MQ1 2016Q1 2017

NIM

3.71%Q1 ’153.85%Q1 ’163.60%Q1 ’17+4%-9%

Non-interest income vs. expense

2.51%Q1 ’152.54%Q1 ’162.42%Q1 ’17+12%-6%

Market Position · Oshkosh-Neenah, WI · 2016 SOD (annual) · 14.8% share · #2 of 19 inst. · $0.3B of $2.3B

14.8% Winnebago
4.4% Calumet
0.6% Outagamie

Executive Summary

  • Earnings: ROA of 0.65%, down 8 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 1.22% of loans (+122 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.43%, up 10 bps from a year ago.
  • Funding: loans stand at 93.71% of deposits as of Q1 2017.

Financial Results

Return on Assets (YTD, annualized)

0.65%-8 bps YoY

Net Interest Margin (YTD, annualized)

3.10%-32 bps YoY

Efficiency Ratio (YTD, annualized)

70.63%+252 bps YoY

Tier 1 Leverage Ratio

11.43%+10 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.73%0.79%0.79%0.82%0.65%-8 bps
Return on Equity6.25%6.79%6.91%7.10%5.62%-63 bps
Net Interest Margin3.42%3.40%3.31%3.36%3.10%-32 bps
Efficiency Ratio68.11%66.15%65.88%65.90%70.63%+252 bps
Non-Interest Burden2.23%2.12%2.04%2.04%2.09%-14 bps
Growth
Asset Growth (YoY)0.57%8.27%11.03%1.01%3.23%+266 bps
Loan Growth (YoY)6.85%8.52%7.98%0.97%-0.54%-739 bps
Deposit Growth (YoY)-0.57%10.26%13.80%3.96%8.60%+917 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%1.22%+122 bps
Net Charge-Offs / Loans-0.01%-0.03%-0.02%-0.03%0.00%+2 bps
Allowance / Loans1.02%1.02%1.05%1.10%1.11%+9 bps
Allowance Coverage of NPLsn/an/an/an/a0.9xn/an/a
Capital
Tier 1 Leverage Ratio11.33%11.39%11.12%11.43%11.43%+10 bps
Total Risk-Based Capital15.18%14.92%14.89%15.70%15.48%+30 bps
Equity / Assets11.62%11.39%11.14%11.45%11.73%+11 bps
Liquidity & Funding
Loans / Deposits102.33%100.00%96.66%94.92%93.71%-862 bps
Liquid Assets / Assets1.59%3.00%3.20%3.78%2.47%+87 bps
CRE / Total Capitaln/an/an/an/an/an/an/a