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Union Bank and Trust Company of Indiana

Greensburg, IN · Cert 10093

FDIC

Q3 2002

$352.7MAssets
$222.9MLoans
$287.6MDeposits
$33.1MEquity
Loan mix
83%RE $154.8M17%C&I $30.9M1%Consumer $1.1MQ3 2001Q3 2002
Deposit mix
89%Interest-bearing $255.8M11%Noninterest $31.7MQ3 2001Q3 2002

NIM

7.39%Q1 ’017.01%Q3 ’016.09%Q3 ’02+6%+10%

Non-interest income vs. expense

2.75%Q1 ’012.96%Q3 ’013.36%Q3 ’02+0%+6%

Executive Summary

  • Earnings: ROA of 1.27%, up 11 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 77.52% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.27%+11 bps YoY

Net Interest Margin (quarter, annualized)

4.09%+36 bps YoY

Efficiency Ratio (quarter, annualized)

58.24%-228 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.17%1.36%1.38%1.47%1.27%+11 bps
Return on Equity12.67%14.42%14.81%15.53%13.55%+88 bps
Net Interest Margin3.73%4.04%4.26%4.10%4.09%+36 bps
Efficiency Ratio60.52%57.01%56.12%55.33%58.24%-228 bps
Non-Interest Burden1.80%1.78%1.94%1.79%1.92%+11 bps
Growth
Asset Growth (YoY)0.61%-2.19%-3.69%-3.69%0.70%+8 bps
Loan Growth (YoY)7.26%3.12%-0.92%-4.23%-4.20%-1,146 bps
Deposit Growth (YoY)-0.99%-2.27%-8.46%-4.61%-5.43%-444 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.04%0.07%0.09%0.06%+4 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital11.46%11.77%11.81%11.30%11.63%+17 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits76.53%72.60%78.78%75.46%77.52%+99 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a