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Commerce State Bank

West Bend, WI · Cert 58020

FDIC · 4 branches

Q3 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2022, the quarter ended September 30, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Commerce State Bank

West Bend, WI · Cert 58020

FDIC · 4 branches

Q3 2022

$846.7MAssets
$768.2MLoans
$657.4MDeposits
$94.3MEquity
Loan mix
76%RE $509.4M24%C&I $158.6M0%Consumer $1.4MQ3 2021Q3 2022
Deposit mix
77%Interest-bearing $505.6M23%Noninterest $151.8MQ3 2021Q3 2022

NIM

4.24%Q3 ’203.93%Q3 ’213.80%Q3 ’22+11%-7%

Non-interest income vs. expense

1.81%Q3 ’201.86%Q3 ’211.86%Q3 ’22+2%+22%

Market Position · Milwaukee-Waukesha, WI · 2022 SOD (annual) · 0.6% share · #20 of 46 inst. · $0.6B of $90.8B

10.4% Washington
4.9% Sheboygan
2.5% Ozaukee
0.4% Waukesha

Executive Summary

  • Earnings: ROA of 1.61%, up 17 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.04% of loans (-5 bps YoY), with net recoveries of 0.28%.
  • Capital: tier 1 leverage ratio of 10.84%, up 53 bps from a year ago.
  • Funding: loans stand at 116.86% of deposits as of Q3 2022.

Financial Results

Return on Assets (YTD, annualized)

1.61%+17 bps YoY

Net Interest Margin (YTD, annualized)

3.36%-25 bps YoY

Efficiency Ratio (YTD, annualized)

51.15%+659 bps YoY

Tier 1 Leverage Ratio

10.84%+53 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2021Q4 2021Q1 2022Q2 2022Q3 2022YoY ΔTrend
Earnings
Return on Assets1.44%1.46%1.51%1.63%1.61%+17 bps
Return on Equity14.02%14.22%14.48%15.63%15.12%+110 bps
Net Interest Margin3.61%3.66%3.45%3.50%3.36%-25 bps
Efficiency Ratio44.55%42.95%47.83%46.74%51.15%+659 bps
Non-Interest Burden1.30%1.25%1.49%1.48%1.58%+28 bps
Growth
Asset Growth (YoY)5.78%11.38%5.93%3.32%4.56%-123 bps
Loan Growth (YoY)4.95%15.26%2.84%9.71%9.77%+482 bps
Deposit Growth (YoY)4.37%10.48%4.31%2.68%-3.50%-787 bps
Asset Quality
Nonperforming Loans / Loans0.08%1.05%0.04%0.04%0.04%-5 bps
Net Charge-Offs / Loans0.36%0.39%-0.70%-0.30%-0.28%-64 bps
Allowance / Loans1.25%1.24%1.44%1.22%0.85%-40 bps
Allowance Coverage of NPLs15.4x1.2x32.9x32.0x23.5x+8.1x
Capital
Tier 1 Leverage Ratio10.31%10.52%10.70%11.09%10.84%+53 bps
Total Risk-Based Capital12.92%12.50%13.41%12.90%12.86%-6 bps
Equity / Assets10.45%10.22%10.66%10.50%11.13%+69 bps
Liquidity & Funding
Loans / Deposits102.73%101.93%100.66%103.33%116.86%+1,413 bps
Liquid Assets / Assets4.82%5.04%7.17%4.50%3.59%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a