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Letter portraitLegal landscapeQuarterYTD

Knisely National Bank of Butler, The

Butler, IN · Cert 14608

FDIC

Q3 2007

$46.7MAssets
$32.2MLoans
$41.4MDeposits
$5.0MEquity
Loan mix
92%RE $26.3M8%C&I $2.2M0%Consumer $0.0MQ3 2006Q3 2007
Deposit mix
78%Interest-bearing $32.4M22%Noninterest $9.0MQ3 2006Q3 2007

NIM

4.80%Q3 ’055.49%Q3 ’065.80%Q3 ’07+6%+7%

Non-interest income vs. expense

3.25%Q3 ’053.76%Q3 ’063.95%Q3 ’07-3%+15%

Executive Summary

  • Earnings: ROA of 0.96%, down 14 bps year over year; NIM at 4.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 77.92% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

0.96%-14 bps YoY

Net Interest Margin (quarter, annualized)

4.04%+26 bps YoY

Efficiency Ratio (quarter, annualized)

79.97%+308 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.10%1.15%1.10%1.71%0.96%-14 bps
Return on Equity12.04%12.13%11.47%17.08%8.99%-306 bps
Net Interest Margin3.78%3.60%3.57%4.34%4.04%+26 bps
Efficiency Ratio76.88%74.50%75.22%67.20%79.97%+308 bps
Non-Interest Burden2.65%2.47%2.49%2.65%3.05%+41 bps
Growth
Asset Growth (YoY)-12.05%-12.58%4.94%-0.57%-1.71%+1,034 bps
Loan Growth (YoY)-5.13%1.03%3.41%-2.13%-3.02%+211 bps
Deposit Growth (YoY)-10.37%-4.91%4.35%-2.40%-3.44%+694 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.06%0.05%0.04%0.05%-6 bps
Allowance / Loans0.90%0.90%0.89%0.93%0.93%+3 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 Capital16.82%17.44%17.20%18.80%19.21%+239 bps
Equity / Assets9.20%9.77%9.44%10.59%10.71%+151 bps
Liquidity & Funding
Loans / Deposits77.59%80.17%75.65%79.11%77.92%+34 bps
Liquid Assets / Assets0.00%0.00%0.08%0.09%0.10%+10 bps
CRE / Total Capitaln/an/an/an/an/an/an/a