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Union National Bank and Trust Company

Barbourville, KY · Cert 11983

FDIC

Q2 2008

$194.8MAssets
$126.2MLoans
$171.8MDeposits
$17.2MEquity
Loan mix
88%RE $83.2M11%C&I $10.9M1%Consumer $0.7MQ2 2007Q2 2008
Deposit mix
87%Interest-bearing $150.0M13%Noninterest $21.9MQ2 2007Q2 2008

NIM

6.44%Q2 ’066.54%Q2 ’075.82%Q2 ’08-11%-2%

Non-interest income vs. expense

2.91%Q2 ’062.92%Q2 ’072.85%Q2 ’08+1%-4%

Executive Summary

  • Earnings: ROA of 0.22%, down 58 bps year over year; NIM at 3.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.04%.
  • Funding: loans stand at 73.44% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.22%-58 bps YoY

Net Interest Margin (quarter, annualized)

3.49%-7 bps YoY

Efficiency Ratio (quarter, annualized)

72.75%-124 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.80%0.52%-0.18%0.48%0.22%-58 bps
Return on Equity8.50%5.56%-1.98%5.46%2.45%-605 bps
Net Interest Margin3.56%3.55%3.38%3.36%3.49%-7 bps
Efficiency Ratio73.99%77.77%81.23%74.34%72.75%-124 bps
Non-Interest Burden2.53%2.70%2.65%2.39%2.42%-11 bps
Growth
Asset Growth (YoY)-0.54%1.95%6.80%2.74%1.40%+194 bps
Loan Growth (YoY)-3.54%-7.08%-6.01%-7.68%-1.99%+156 bps
Deposit Growth (YoY)1.88%2.55%7.80%2.86%1.12%-77 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.14%1.53%-0.02%1.04%+92 bps
Allowance / Loans1.26%1.31%1.30%1.52%1.50%+24 bps
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 Capital15.19%15.30%14.75%15.43%15.05%-14 bps
Equity / Assets9.35%9.42%8.61%9.04%8.84%-51 bps
Liquidity & Funding
Loans / Deposits75.77%73.50%70.55%70.11%73.44%-233 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