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Letter portraitLegal landscapeQuarterYTD

National City Bank of Southern Indiana

New Albany, IN · Cert 13096

FDIC

Q2 2006

$408.3MAssets
$49.0MLoans
$338.8MDeposits
$41.8MEquity
Loan mix
46%RE $13.9M52%C&I $15.6M2%Consumer $0.6MQ2 2005Q2 2006
Deposit mix
86%Interest-bearing $291.5M14%Noninterest $47.3MQ2 2005Q2 2006

NIM

1.99%Q2 ’043.64%Q2 ’054.82%Q2 ’06+137%+23%

Non-interest income vs. expense

1.84%Q2 ’042.14%Q2 ’051.36%Q2 ’06+56%-115%

Executive Summary

  • Earnings: ROA of 1.62%, up 180 bps year over year; NIM at 2.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 14.46% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

1.62%+180 bps YoY

Net Interest Margin (quarter, annualized)

2.31%+43 bps YoY

Efficiency Ratio (quarter, annualized)

35.30%-3,830 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets-0.18%2.06%0.70%0.57%1.62%+180 bps
Return on Equity-1.90%21.41%7.11%5.79%15.88%+1,779 bps
Net Interest Margin1.88%1.81%1.77%2.18%2.31%+43 bps
Efficiency Ratio73.60%74.15%77.16%70.14%35.30%-3,830 bps
Non-Interest Burden1.11%1.03%1.12%1.21%-0.17%-128 bps
Growth
Asset Growth (YoY)6.26%4.52%3.74%4.57%1.77%-449 bps
Loan Growth (YoY)-14.21%-13.81%-23.84%-23.67%-24.02%-981 bps
Deposit Growth (YoY)7.81%5.21%7.91%4.10%1.19%-663 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.68%0.60%-0.11%0.04%0.29%-139 bps
Allowance / Loans4.17%1.67%1.18%1.26%1.17%-300 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 Capital28.81%31.42%32.16%33.79%34.06%+524 bps
Equity / Assets9.20%10.04%9.70%10.11%10.24%+105 bps
Liquidity & Funding
Loans / Deposits19.25%18.39%15.00%14.97%14.46%-480 bps
Liquid Assets / Assets67.93%69.92%73.26%73.87%73.04%+512 bps
CRE / Total Capitaln/an/an/an/an/an/an/a