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Settlers Bank

Deforest, WI · Cert 58651

FDIC · 3 branches

Q2 2023

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: Q2 2023, the quarter ended June 30, 2023, 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

Settlers Bank

Deforest, WI · Cert 58651

FDIC · 3 branches

Q2 2023

$411.5MAssets
$382.3MLoans
$296.4MDeposits
$43.6MEquity
Loan mix
67%RE $176.5M32%C&I $83.8M1%Consumer $1.9MQ2 2022Q2 2023
Deposit mix
73%Interest-bearing $215.8M27%Noninterest $80.5MQ2 2022Q2 2023

NIM

4.62%Q2 ’214.04%Q2 ’225.40%Q2 ’23-11%-11%

Non-interest income vs. expense

2.66%Q2 ’212.76%Q2 ’222.89%Q2 ’23+26%+10%

Market Position · Madison, WI · 2023 SOD (annual) · 1.0% share · #22 of 44 inst. · $0.3B of $26.5B

1.1% Dane
3.6% Calumet

Executive Summary

  • Earnings: ROA of 0.59%, down 54 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.00% of loans (-13 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.22%, down 94 bps from a year ago.
  • Funding: loans stand at 129.01% of deposits as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

0.59%-54 bps YoY

Net Interest Margin (YTD, annualized)

3.41%-41 bps YoY

Efficiency Ratio (YTD, annualized)

75.66%+1,203 bps YoY

Tier 1 Leverage Ratio

11.22%-94 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets1.13%1.10%1.28%0.78%0.59%-54 bps
Return on Equity9.59%9.36%11.16%7.15%5.50%-409 bps
Net Interest Margin3.82%3.78%3.45%3.53%3.41%-41 bps
Efficiency Ratio63.63%64.21%60.98%73.96%75.66%+1,203 bps
Non-Interest Burden2.24%2.26%1.78%2.49%2.48%+23 bps
Growth
Asset Growth (YoY)-6.02%7.23%17.27%16.71%29.04%+3,506 bps
Loan Growth (YoY)3.03%3.32%12.54%17.65%23.47%+2,044 bps
Deposit Growth (YoY)-7.90%4.99%15.18%18.25%27.05%+3,495 bps
Asset Quality
Nonperforming Loans / Loans0.13%0.00%1.00%0.14%0.00%-13 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans2.65%2.55%2.32%2.34%2.14%-50 bps
Allowance Coverage of NPLs19.7xn/a2.3x17.2xn/an/a
Capital
Tier 1 Leverage Ratio12.16%12.17%11.10%10.71%11.22%-94 bps
Total Risk-Based Capital13.98%14.16%12.77%13.16%12.23%-175 bps
Equity / Assets12.51%11.63%10.45%11.29%10.60%-191 bps
Liquidity & Funding
Loans / Deposits132.75%123.48%112.98%121.58%129.01%-374 bps
Liquid Assets / Assets0.71%6.05%5.27%4.92%1.33%+62 bps
CRE / Total Capitaln/an/an/an/an/an/an/a