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Letter portraitLegal landscapeQuarterYTD

Salt Creek Valley Bank, The

Laurelville, OH · Cert 13677

FDIC

Q2 2007

$35.4MAssets
$23.0MLoans
$30.5MDeposits
$4.7MEquity
Loan mix
93%RE $16.2M6%C&I $1.1M1%Consumer $0.3MQ2 2006Q2 2007
Deposit mix
82%Interest-bearing $25.1M18%Noninterest $5.4MQ2 2006Q2 2007

NIM

5.23%Q2 ’055.63%Q2 ’066.21%Q2 ’07-4%+5%

Non-interest income vs. expense

3.93%Q2 ’054.07%Q2 ’064.14%Q2 ’07+3%-1%

Executive Summary

  • Earnings: ROA of 0.95%, up 15 bps year over year; NIM at 4.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.99%.
  • Funding: loans stand at 75.58% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.95%+15 bps YoY

Net Interest Margin (quarter, annualized)

4.37%+22 bps YoY

Efficiency Ratio (quarter, annualized)

74.60%-335 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.80%0.74%1.03%0.85%0.95%+15 bps
Return on Equity6.23%5.63%7.76%6.53%7.32%+109 bps
Net Interest Margin4.15%4.30%4.34%4.36%4.37%+22 bps
Efficiency Ratio77.95%80.47%73.31%75.41%74.60%-335 bps
Non-Interest Burden3.00%3.23%2.88%3.00%2.96%-4 bps
Growth
Asset Growth (YoY)5.53%3.00%4.01%3.54%3.35%-218 bps
Loan Growth (YoY)9.63%7.59%8.02%6.37%4.70%-493 bps
Deposit Growth (YoY)2.76%3.35%4.16%3.29%6.76%+400 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.51%0.02%0.04%0.04%0.99%+48 bps
Allowance / Loans0.83%0.82%0.81%0.78%0.53%-31 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 Capital23.84%24.79%24.70%24.43%24.30%+46 bps
Equity / Assets12.89%13.45%13.16%12.91%13.13%+24 bps
Liquidity & Funding
Loans / Deposits77.06%75.97%74.70%73.21%75.58%-149 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