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Letter portraitLegal landscapeQuarterYTD

Great River Bank & Trust

Princeton, IA · Cert 5823

FDIC

Q1 2008

$73.7MAssets
$40.0MLoans
$62.9MDeposits
$7.0MEquity
Loan mix
69%RE $18.9M31%C&I $8.5M1%Consumer $0.1MQ1 2007Q1 2008
Deposit mix
84%Interest-bearing $52.7M16%Noninterest $10.1MQ1 2007Q1 2008

NIM

6.40%Q1 ’066.62%Q1 ’075.96%Q1 ’08-8%-13%

Non-interest income vs. expense

3.42%Q1 ’063.39%Q1 ’073.90%Q1 ’080%+15%

Executive Summary

  • Earnings: ROA of -0.21%, down 79 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.49%.
  • Funding: loans stand at 63.67% of deposits as of Q1 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.21%-79 bps YoY

Net Interest Margin (YTD, annualized)

3.12%-45 bps YoY

Efficiency Ratio (YTD, annualized)

107.99%+2,323 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.58%0.41%0.20%0.00%-0.21%-79 bps
Return on Equity7.14%5.07%2.46%-0.04%-2.31%-945 bps
Net Interest Margin3.57%3.46%3.60%3.52%3.12%-45 bps
Efficiency Ratio84.76%89.33%94.46%103.96%107.99%+2,323 bps
Non-Interest Burden2.96%3.04%3.38%3.67%3.41%+45 bps
Growth
Asset Growth (YoY)2.38%-2.92%-12.89%-7.42%-10.86%-1,324 bps
Loan Growth (YoY)-11.18%-18.62%-18.27%-16.83%-20.21%-903 bps
Deposit Growth (YoY)7.08%0.09%-5.59%-6.73%-6.41%-1,349 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.39%0.41%0.29%0.25%3.49%+310 bps
Allowance / Loans1.52%1.58%1.59%1.67%1.61%+9 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 Capital12.25%13.26%13.60%12.68%12.91%+66 bps
Equity / Assets8.29%8.06%8.90%8.78%9.53%+124 bps
Liquidity & Funding
Loans / Deposits74.68%67.74%73.13%65.62%63.67%-1,101 bps
Liquid Assets / Assets0.26%0.73%0.54%0.32%0.31%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a