Union Bank and Trust Company

North Vernon, IN · Cert 10479

FDIC

Q3 2001

$132.4MAssets

$110.6MLoans

$106.4MDeposits

$11.3MEquity

Deposit mix

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.

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.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	2.31%	2.30%	2.26%	2.21%	2.01%	1.69%	1.76%	1.72%	-49 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	21.57%	20.94%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.30%	4.41%	4.59%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	40.49%	39.55%	41.88%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	1.39%	1.38%	1.62%	n/a
Growth
Asset Growth (YoY)	10.72%	14.52%	-0.54%	13.43%	13.26%	6.65%	10.50%	3.59%	-985 bps
Loan Growth (YoY)	19.06%	25.05%	1.04%	18.97%	10.54%	4.65%	4.90%	1.98%	-1,699 bps
Deposit Growth (YoY)	3.91%	12.10%	-0.54%	19.87%	26.59%	11.67%	13.86%	7.19%	-1,268 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.09%	0.09%	0.13%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.27%	1.28%	1.30%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	12.21%	11.92%	12.31%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	8.42%	7.92%	8.54%	n/a
Liquidity & Funding
Loans / Deposits	114.92%	113.49%	107.48%	109.34%	100.36%	106.36%	99.02%	104.02%	-532 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.24%	0.16%	+16 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a