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Fortress Bank of Westby

Westby, WI · Cert 9521

FDIC

Q3 2007

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 2007, the quarter ended September 30, 2007, 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

Fortress Bank of Westby

Westby, WI · Cert 9521

FDIC

Q3 2007

$178.1MAssets
$145.1MLoans
$142.0MDeposits
$16.8MEquity
Loan mix
70%RE $61.5M30%C&I $26.4M1%Consumer $0.5MQ3 2006Q3 2007
Deposit mix
91%Interest-bearing $129.1M9%Noninterest $12.9MQ3 2006Q3 2007

NIM

5.77%Q3 ’056.56%Q3 ’066.57%Q3 ’07+3%-13%

Non-interest income vs. expense

2.51%Q3 ’052.82%Q3 ’062.86%Q3 ’07+1%+8%

Executive Summary

  • Earnings: ROA of 0.32%, down 61 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.77%.
  • Funding: loans stand at 102.20% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

0.32%-61 bps YoY

Net Interest Margin (YTD, annualized)

3.28%-48 bps YoY

Efficiency Ratio (YTD, annualized)

74.52%+1,150 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.93%0.88%0.60%0.55%0.32%-61 bps
Return on Equity9.95%9.31%6.05%5.56%3.29%-666 bps
Net Interest Margin3.75%3.73%3.43%3.32%3.28%-48 bps
Efficiency Ratio63.02%64.62%72.56%74.25%74.52%+1,150 bps
Non-Interest Burden2.19%2.26%2.41%2.37%2.36%+18 bps
Growth
Asset Growth (YoY)-0.23%-1.25%-1.47%0.11%4.22%+446 bps
Loan Growth (YoY)3.39%4.05%1.45%5.34%6.38%+299 bps
Deposit Growth (YoY)-0.71%-3.72%-0.14%3.46%7.66%+837 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.61%1.46%0.51%0.92%0.77%-84 bps
Allowance / Loans1.77%1.57%1.55%1.21%1.42%-36 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 Capital10.49%10.72%11.03%10.73%9.96%-53 bps
Equity / Assets9.71%9.79%10.13%9.76%9.45%-26 bps
Liquidity & Funding
Loans / Deposits103.43%102.05%98.15%100.31%102.20%-123 bps
Liquid Assets / Assets0.00%0.01%0.01%0.01%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a