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Letter portraitLegal landscapeQuarterYTD

Bank of Herrin, The

Herrin, IL · Cert 15486

FDIC

Q4 2006

$145.0MAssets
$87.3MLoans
$129.6MDeposits
$14.7MEquity
Loan mix
66%RE $31.7M34%C&I $16.1M0%Consumer $0.0MQ4 2005Q4 2006
Deposit mix
88%Interest-bearing $113.8M12%Noninterest $15.8MQ4 2005Q4 2006

NIM

4.38%Q4 ’044.94%Q4 ’055.91%Q4 ’06+2%+9%

Non-interest income vs. expense

2.37%Q4 ’042.66%Q4 ’053.45%Q4 ’06+11%+37%

Executive Summary

  • Earnings: ROA of 0.43%, down 47 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 67.39% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

0.43%-47 bps YoY

Net Interest Margin (quarter, annualized)

3.60%+28 bps YoY

Efficiency Ratio (quarter, annualized)

82.00%+1,374 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.90%0.89%1.30%1.38%0.43%-47 bps
Return on Equity8.41%8.82%13.54%13.97%4.28%-413 bps
Net Interest Margin3.31%3.28%3.36%3.52%3.60%+28 bps
Efficiency Ratio68.25%66.47%52.70%52.29%82.00%+1,374 bps
Non-Interest Burden2.08%1.97%1.53%1.60%2.84%+77 bps
Growth
Asset Growth (YoY)3.60%7.52%8.80%8.17%7.14%+355 bps
Loan Growth (YoY)11.93%20.98%23.76%26.36%19.64%+772 bps
Deposit Growth (YoY)2.25%8.25%9.92%8.62%9.52%+727 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.00%0.01%0.01%0.20%+18 bps
Allowance / Loans0.54%0.54%0.52%0.49%0.44%-11 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 Capital19.32%16.83%16.77%16.85%16.63%-269 bps
Equity / Assets10.63%9.53%9.61%10.07%10.13%-50 bps
Liquidity & Funding
Loans / Deposits61.69%62.23%63.86%67.84%67.39%+570 bps
Liquid Assets / Assets0.49%0.48%0.40%0.28%0.27%-22 bps
CRE / Total Capitaln/an/an/an/an/an/an/a