Wednesday, May 16, 2018
MANAGING DIRECTOR: Scott Carrithers   PORTFOLIO SALES AND SERVICE: Steve Panknin • George Morris • Jeff Goble • Chris Thompson • Sean Doherty Kevin Doyle • Lonnie Harris •  Mark Tranckino • Robert Schuyler • Tom Toburen • Josh Kiefer  Nicole Burczyk • Kelley Frye • Natalie Regan • Aaron Stoffer • Chuck Honeywell • Gus Koppen

US Treasury Market
Date	1 mo	3 mo	6 mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr	20 yr	30 yr
5/09/18	1.68	1.88	2.05	2.27	2.54	2.68	2.84	2.96	3.00	3.07	3.16
5/10/18	1.69	1.90	2.05	2.27	2.54	2.69	2.83	2.94	2.97	3.04	3.12
5/11/18	1.68	1.92	2.06	2.28	2.54	2.69	2.84	2.94	2.97	3.03	3.10
5/14/18	1.70	1.93	2.09	2.28	2.55	2.70	2.85	2.96	3.00	3.06	3.13
5/15/18	1.69	1.92	2.09	2.31	2.58	2.75	2.92	3.04	3.08	3.14	3.20

                                                                                      Source: U.S. Department of the Treasury, as of 05/15/18  

                                                                                    Earnings

 
Recently our subsidiary, The Capital Corporation, updated the earnings performance for Midwestern Community banks for the first quarter of 2018.  Below are the top performing banks, (we have attempted to eliminate the banks which have a high amount of fee income) based on pre-tax Return on Assets and Net Interest Margin.  Take a look and see how you stack up:

                                
Yesterday’s large bond market selloff had fixed-income again testing highs in yields.  In fact, the 5 year Treasury tested highs in yields that date back to June 2009.  All yields are up.  Towards the top of the yield pool, (with extension protection) is the following:

New issue 15 year final FNMA pool MA 3393 4.00% due 6-1-2033 offered at 102.906 which yields 3.36% to a 5.41 year average life, 41 basis points over the curve.
 
 
                                                                                                                                                    Source:  Bloomberg
                                                                                                                                 
                                                       
        

This information is intended for institutional investors only. The material provided in this document/presentation is for informational purposes only and is intended solely for private use. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instruments.

•Not FDIC Insured •No Bank Guarantee •May Lose Value