Marathon Ashland Division

Ashland, WI · Charter 66577

Q2 1998

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 1998, the quarter ended June 30, 1998, on both parts.

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

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Ashland, WI · Charter 66577

Q2 1998

$3.3MAssets

$1.1MLoans

$2.8MShares

n/aNet Worth

Return on Assets (YTD, annualized)

3.91%-54 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	Q2 1997	Q4 1997	Q2 1998	YoY Δ	Trend
Earnings
Return on Assets	3.83%	4.47%	4.30%	4.45%	4.54%	5.11%	4.82%	3.91%	-54 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	6.01%	9.49%	13.23%	10.96%	14.23%	+821 bps
Loan Growth (YoY)	n/a	n/a	n/a	26.29%	28.63%	21.29%	16.44%	-18.47%	-4,476 bps
Share Growth (YoY)	n/a	n/a	n/a	7.13%	11.22%	15.75%	12.80%	16.85%	+972 bps
Asset Quality
Delinquent Loans / Loans	1.76%	1.92%	1.19%	1.62%	0.53%	0.74%	0.66%	4.18%	+256 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.14%	0.12%	0.28%	0.29%	0.27%	0.17%	0.24%	0.46%	+17 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	53.20%	63.72%	64.43%	57.84%	61.53%	66.77%	66.51%	40.36%	-1,748 bps
Liquid Assets / Assets	53.45%	47.38%	19.17%	18.66%	18.86%	28.83%	43.51%	63.24%	+4,457 bps