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First State Bank

Fountain City, WI · Cert 9041

FDIC

Q2 2004

$21.3MAssets
$12.5MLoans
$19.2MDeposits
$1.8MEquity
Loan mix
50%RE $4.0M49%C&I $3.9M1%Consumer $0.0MQ3 2002Q2 2004
Deposit mix
89%Interest-bearing $17.0M11%Noninterest $2.1MQ3 2002Q2 2004

Executive Summary

  • Earnings: ROA of 0.64%, down 24 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 65.23% of deposits as of Q2 2004.

Return on Assets (YTD, annualized)

0.64%-24 bps YoY

Net Interest Margin (YTD, annualized)

3.29%-49 bps YoY

Efficiency Ratio (YTD, annualized)

79.89%+833 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.20%Q2 ’025.52%Q2 ’034.75%Q2 ’04+2%-13%

Non-interest income vs. expense

2.74%Q2 ’022.85%Q2 ’032.79%Q2 ’04+6%-2%

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.87%0.83%0.95%0.88%0.84%0.71%0.69%0.64%-24 bps
Return on Equity7.13%6.80%7.81%7.24%6.88%5.90%5.94%6.05%-119 bps
Net Interest Margin3.80%3.83%3.89%3.79%3.66%3.61%3.29%3.29%-49 bps
Efficiency Ratio73.29%74.61%69.81%71.57%72.76%77.91%78.19%79.89%+833 bps
Non-Interest Burden2.72%2.79%2.66%2.65%2.61%2.76%2.53%2.59%-6 bps
Growth
Asset Growth (YoY)2.78%1.20%2.49%3.15%3.87%4.57%2.52%2.17%-98 bps
Loan Growth (YoY)1.32%-1.69%1.91%-1.30%-3.45%-6.18%-3.23%-3.04%-174 bps
Deposit Growth (YoY)2.83%1.19%2.46%3.35%4.64%5.40%3.19%5.23%+188 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.19%0.10%+10 bps
Allowance / Loans1.31%1.33%1.31%1.31%1.36%1.42%1.31%1.30%-1 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital19.38%19.45%19.60%19.37%19.98%19.74%19.33%14.05%-532 bps
Equity / Assets12.56%12.15%12.18%12.10%12.18%11.55%11.80%8.24%-386 bps
Liquidity & Funding
Loans / Deposits74.24%71.05%70.89%70.79%68.49%63.24%66.47%65.23%-556 bps
Liquid Assets / Assets15.06%13.67%14.93%15.39%16.19%14.42%14.42%11.19%-420 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a