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Letter portraitLegal landscapeQuarterYTD

Bright National Bank, The

Flora, IN · Cert 13815

FDIC

Q3 2002

$151.5MAssets
$119.6MLoans
$112.6MDeposits
$16.2MEquity
Deposit mix
88%Interest-bearing $98.8M12%Noninterest $13.8MQ3 2001Q3 2002

NIM

8.19%Q1 ’017.71%Q3 ’016.50%Q3 ’02+6%+3%

Non-interest income vs. expense

2.32%Q1 ’013.28%Q3 ’013.10%Q3 ’02+67%-18%

Executive Summary

  • Earnings: ROA of 1.24%, up 41 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 106.18% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

1.24%+41 bps YoY

Net Interest Margin (quarter, annualized)

4.20%+12 bps YoY

Efficiency Ratio (quarter, annualized)

60.61%-947 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.83%1.44%1.30%1.31%1.24%+41 bps
Return on Equity8.53%12.70%11.63%11.37%11.02%+249 bps
Net Interest Margin4.08%3.92%3.90%3.95%4.20%+12 bps
Efficiency Ratio70.08%53.72%54.91%56.01%60.61%-947 bps
Non-Interest Burden2.68%1.65%1.76%1.88%2.19%-49 bps
Growth
Asset Growth (YoY)-1.05%-6.43%-6.62%-4.57%-10.09%-904 bps
Loan Growth (YoY)-3.16%-8.97%-10.38%-6.78%-6.42%-327 bps
Deposit Growth (YoY)-3.63%-8.64%-11.70%-9.93%-12.05%-841 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.22%0.12%0.11%0.10%+6 bps
Allowance / Loans1.69%1.73%1.74%1.73%1.69%0 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 Capital16.43%16.01%16.61%16.52%15.42%-101 bps
Equity / Assets11.55%11.11%11.27%11.80%10.69%-86 bps
Liquidity & Funding
Loans / Deposits99.80%98.42%97.72%98.88%106.18%+638 bps
Liquid Assets / Assets1.99%2.54%2.21%1.77%1.78%-21 bps
CRE / Total Capitaln/an/an/an/an/an/an/a