PRESIDENT’S MESSAGE
Tom Jensen President & CEO
1st National Bank remains focused on the success of people and businesses in the communities we serve. Our clients recognize that they have a strategic partner to turn to for all of their financial needs. Building on a foundation of strength for the past 138 years, 1st National Bank is committed to serving financial needs for many years to come. We are confident that the products and services we offer are competitive and suit our clients well. We also know what sets us apart from the competition is what and how we give back to our communities. With over 5,000 volunteer hours given in 2013, our team never falls short of any challenge and always pitches in to support organizations and people in need.
Our team, our products, and our services continue to evolve to meet the ever-changing demands of our clients. Our strategy will continue to focus on building a knowledgeable team of people focused on our clients, enhancing product offerings and technology. 1st National Bank closed 2013 with an annual net income of $2,109,000. The book value per share rested at $626.48. Our Net Interest Margin remains strong at 4.39%. 1st National Bank is considered a well-capitalized bank with a Tier I Capital ratio of 8.91% on December 31, 2013. Capital levels now exceed $28,000,000. Our balance sheet is well-positioned and will continue to meet the financial needs of individuals and businesses in the communities we serve.
Your investment in First Berlin Bancorp is protected by a strong and informed Board of Directors. These Directors provide valuable leadership, insight, and wisdom to the bank’s team of employees. Proof of this accomplishment is being voted as the number three, ‘Best Bank to Work For’, by the American Bankers Association in 2013. Through a stringent application process, we were able to prove that the work of our board, directors, and employees ensured that 1st National Bank is a quality employer and service provider. Thank you for your investment in First Berlin Bancorp. We look forward to many more successful years to come.
BOARD OF DIRECTORS RUSS KUEHN Retired President and Co-Chairman of the Board, 1st National Bank
ROGER FIELD Business Owner and Retired Pharmacist
HENRY DERLETH Retired President and Chairman of the Board, Ripon Athletic
BRUCE BOHN Bohn Farms, Inc. Co-Chairman of the Board, 1st National Bank
MARK MILBRANT Manager, Apollo Tool
DR. THOMAS R. WILLETT General Practitioner, Green Lake Medical Clinic
TOM JENSEN President and CEO, 1st National Bank
PATRICK SEAMAN Retired Auto Dealer, West Side Garage
JEFF WALKER Retired Insurance Agent, Walker Agency, Inc.
EXECUTIVE TEAM TOM JENSEN President and CEO WENDY SEAMAN Personal Banking Team Executive Leader
ERIC CERBINS Business Banking Team Executive Leader
LORI PHILLIPPI Organizational Development Executive Leader
ACCOMPLISHMENTS ACQUIRED Baylake Bank personal deposits in Berlin and Poy Sippi Served more than 1500 BUSINESS CLIENTS–helping local economies grow Awarded the “BEST BANKS TO WORK FOR” honor from the American Banker— Ranked number 3, of all banks under $3 billion in assets $53,000 given to local COMMUNITY ORGANIZATIONS through sponsorships and donations Loan Department went PAPERLESS
$28,000 invested for Financial Literacy programs in schools: MONEYISLAND and EVERFI. Touched over 2,000 students with these programs. $3,500 in SCHOLARSHIPS granted to high school students for higher-education. Launched PARTNERS ADVANTAGE program; bringing benefits, perks, and discounts to business owners and their employees $20,000 earned MEDIA COVERAGE through free publications, social media, online articles
5,185 community service hours logged by 85 employees, touching more than 300 LOCAL ORGANIZATIONS Became a $349 MILLION asset bank, up $38,000 from 2012 1st SELF-SERVICE machine installed in Berlin lobby to count coins
STATEMENT OF INCOME 1st National Bank Report of Key Figures and Ratios Balance Sheet Items: Total Loans Reserve for Loan Losses (RLL) Total Deposits
12/31/2013 12 Months $ 223,601.00 $ 2,585.00 $ 301,514.00
12/31/2012 12 Months $ 203,647.00 $ 2,857.00 $ 279,566.00
Total Assets Total Equity
$ $
$ $
Capital Ratios: Tier One Leveraged Capital Risk Based Capital RLL / Total Loans Income Statement: Interest Income Interest Expense Non-Interest Income Net Income After Taxes Net Interest Margin (1) Return on Equity Return on Assets Efficiency Ratio
346,646.00 28,082.00 8.91% 13.60% 1.16%
$ $ $ $
13,260.00 938.00 3,567.00 2,109.00 4.39% 7.72% 0.69% 77.53%
308,820.00 26,775.00 8.86% 13.58% 1.40%
$ $ $ $
12,784.00 1,248.00 3,749.00 2,330.00 4.39% 9.45% 0.80% 71.82%
(1) The “Net Interest Margin� reflects interest income net of interest expenses, adjusted for tax-exempt loans and securities, as a percentage of average Shares: Shares Outstanding Earnings per Share (annualized) Book Value
YTD YTD 12/31/2013 12/31/2012 44,825 42,572 $ 47.05 $ 54.72 $ 626.48 $ 628.93
LOCATIONS BERLIN 140 W. Huron Street PO Box 310 Berlin, WI 54923
MONTELLO 408 Main Street PO Box 828 Montello, WI 53949
WAUNAKEE 1330 Montondon Avenue Waunakee, WI 53597
GREEN LAKE W1208 St. Rd. 23/49 PO Box 506 Green Lake, WI 54941
OMRO 120 Alder Avenue PO Box 504 Omro, WI 54963
WESTFILED 356 S. Pioneer Park Road PO Box 237 Westfield, WI 53964
GREEN BAY Loan Production Office 2181 S. Oneida St. Ste 2 Green Bay, WI 54304
POY SIPPI N4259 St. Rd. 49 PO Box 170 Poy Sippi, WI 54967
WINNECONNE 908 E. Main Street PO Box 280 Winneconne, WI 54986
CONTACT 855.876.1500 | www.FirstNationalBanks.biz