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Union Bank and Trust Company

North Vernon, IN · Cert 10479

FDIC

Q3 2001

$132.4MAssets
$110.6MLoans
$106.4MDeposits
$11.3MEquity
Deposit mix
90%Interest-bearing $95.3M10%Noninterest $11.0MQ3 2000Q3 2001

NIM

8.64%Q1 ’018.42%Q2 ’018.35%Q3 ’01+3%+4%

Non-interest income vs. expense

1.98%Q1 ’011.99%Q2 ’012.15%Q3 ’01-1%+17%

Executive Summary

  • Earnings: ROA of 1.72%, down 49 bps year over year; NIM at 4.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 104.02% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.72%-49 bps YoY

Net Interest Margin (quarter, annualized)

4.59%

Efficiency Ratio (quarter, annualized)

41.88%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets2.21%2.01%1.69%1.76%1.72%-49 bps
Return on Equityn/an/an/a21.57%20.94%n/a
Net Interest Marginn/an/a4.30%4.41%4.59%n/a
Efficiency Ration/an/a40.49%39.55%41.88%n/a
Non-Interest Burdenn/an/a1.39%1.38%1.62%n/a
Growth
Asset Growth (YoY)13.43%13.26%6.65%10.50%3.59%-985 bps
Loan Growth (YoY)18.97%10.54%4.65%4.90%1.98%-1,699 bps
Deposit Growth (YoY)19.87%26.59%11.67%13.86%7.19%-1,268 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.09%0.09%0.13%n/a
Allowance / Loansn/an/a1.27%1.28%1.30%n/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 Capitaln/an/a12.21%11.92%12.31%n/a
Equity / Assetsn/an/a8.42%7.92%8.54%n/a
Liquidity & Funding
Loans / Deposits109.34%100.36%106.36%99.02%104.02%-532 bps
Liquid Assets / Assets0.00%0.00%0.18%0.24%0.16%+16 bps
CRE / Total Capitaln/an/an/an/an/an/an/a