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Fulton Bank

Fulton, KY · Cert 16338

FDIC

Q3 2001

$54.4MAssets
$36.9MLoans
$45.8MDeposits
$5.2MEquity
Loan mix
69%RE $14.8M30%C&I $6.4M1%Consumer $0.2MQ3 2000Q3 2001
Deposit mix
91%Interest-bearing $41.5M9%Noninterest $4.3MQ3 2000Q3 2001

NIM

7.66%Q1 ’017.62%Q2 ’017.41%Q3 ’01+6%-1%

Non-interest income vs. expense

3.20%Q1 ’012.91%Q2 ’012.69%Q3 ’01-14%-14%

Executive Summary

  • Earnings: ROA of -1.80%, down 297 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 8.95%.
  • Funding: loans stand at 80.42% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

-1.80%-297 bps YoY

Net Interest Margin (quarter, annualized)

3.85%

Efficiency Ratio (quarter, annualized)

58.91%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.17%1.08%0.51%0.54%-1.80%-297 bps
Return on Equityn/an/an/a5.52%-18.34%n/a
Net Interest Marginn/an/a3.65%3.89%3.85%n/a
Efficiency Ration/an/a76.21%64.50%58.91%n/a
Non-Interest Burdenn/an/a2.65%2.29%1.98%n/a
Growth
Asset Growth (YoY)1.84%3.57%3.39%0.20%-1.09%-293 bps
Loan Growth (YoY)12.65%6.98%2.46%-3.12%-6.42%-1,907 bps
Deposit Growth (YoY)2.62%3.90%3.62%0.04%-0.30%-292 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a-0.19%0.05%8.95%n/a
Allowance / Loansn/an/a1.55%1.92%1.49%n/a
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 Capitaln/an/a14.89%15.53%15.28%n/a
Equity / Assetsn/an/a9.59%10.00%9.64%n/a
Liquidity & Funding
Loans / Deposits85.68%82.89%81.82%83.86%80.42%-526 bps
Liquid Assets / Assets0.00%0.00%2.28%2.35%2.37%+237 bps
CRE / Total Capitaln/an/an/an/an/an/an/a