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Kentucky Trust Bank

Beaver Dam, KY · Cert 12144

FDIC

Q3 2007

$111.2MAssets
$84.0MLoans
$94.5MDeposits
$7.9MEquity
Loan mix
69%RE $43.3M28%C&I $17.8M2%Consumer $1.6MQ3 2006Q3 2007
Deposit mix
86%Interest-bearing $81.6M14%Noninterest $12.9MQ3 2006Q3 2007

NIM

5.63%Q3 ’056.35%Q3 ’066.94%Q3 ’07+1%+3%

Non-interest income vs. expense

4.22%Q3 ’054.72%Q3 ’065.34%Q3 ’07+16%+10%

Executive Summary

  • Earnings: ROA of 0.05%, down 21 bps year over year; NIM at 3.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 88.94% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

0.05%-21 bps YoY

Net Interest Margin (YTD, annualized)

3.68%+12 bps YoY

Efficiency Ratio (YTD, annualized)

93.82%+409 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.26%0.37%0.65%0.67%0.05%-21 bps
Return on Equity3.45%4.84%8.89%9.06%0.68%-277 bps
Net Interest Margin3.57%3.59%3.67%3.73%3.68%+12 bps
Efficiency Ratio89.73%87.63%78.06%78.53%93.82%+409 bps
Non-Interest Burden3.03%2.92%2.51%2.55%3.33%+31 bps
Growth
Asset Growth (YoY)18.34%12.86%8.74%2.84%-6.61%-2,496 bps
Loan Growth (YoY)20.34%12.68%4.26%-0.94%-10.65%-3,099 bps
Deposit Growth (YoY)16.99%21.09%18.11%6.02%-0.70%-1,769 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%0.13%-0.01%0.00%0.02%-14 bps
Allowance / Loans1.21%1.26%1.36%1.46%1.52%+32 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 Capital10.87%11.40%11.62%11.50%10.63%-24 bps
Equity / Assets7.24%7.33%7.39%7.50%7.12%-12 bps
Liquidity & Funding
Loans / Deposits98.84%89.29%86.31%85.81%88.94%-990 bps
Liquid Assets / Assets0.51%0.50%0.51%0.52%0.55%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a