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Bank of Germantown

Germantown, KY · Cert 13162

FDIC

Q4 2004

$23.0MAssets
$15.9MLoans
$20.6MDeposits
$2.2MEquity
Deposit mix
88%Interest-bearing $18.2M12%Noninterest $2.4MQ4 2003Q4 2004

NIM

6.72%Q4 ’025.99%Q4 ’036.18%Q4 ’04+8%+10%

Non-interest income vs. expense

3.77%Q4 ’024.72%Q4 ’033.87%Q4 ’04+25%-23%

Executive Summary

  • Earnings: ROA of 1.02%, up 118 bps year over year; NIM at 4.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 77.33% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

1.02%+118 bps YoY

Net Interest Margin (quarter, annualized)

4.74%+44 bps YoY

Efficiency Ratio (quarter, annualized)

70.06%-2,356 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets-0.15%0.20%1.10%1.03%1.02%+118 bps
Return on Equity-1.75%2.32%12.57%11.37%10.78%+1,253 bps
Net Interest Margin4.30%4.14%4.33%4.67%4.74%+44 bps
Efficiency Ratio93.62%82.04%63.69%67.31%70.06%-2,356 bps
Non-Interest Burden3.98%3.28%2.42%2.90%3.08%-90 bps
Growth
Asset Growth (YoY)-10.18%-3.96%-2.84%-1.48%-3.15%+703 bps
Loan Growth (YoY)-15.96%-13.72%-13.32%-4.44%1.29%+1,725 bps
Deposit Growth (YoY)-10.81%-4.25%-2.79%-2.35%-4.55%+625 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.83%2.06%2.94%-0.02%0.15%-168 bps
Allowance / Loans3.31%3.12%2.56%2.60%2.63%-68 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 Capital13.47%13.33%14.03%14.68%15.13%+166 bps
Equity / Assets8.65%8.72%8.75%9.40%9.61%+96 bps
Liquidity & Funding
Loans / Deposits72.88%71.43%74.15%77.66%77.33%+446 bps
Liquid Assets / Assets2.11%0.01%0.01%0.01%0.01%-211 bps
CRE / Total Capitaln/an/an/an/an/an/an/a