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Lafayette Bank and Trust Company

Lafayette, IN · Cert 16512

FDIC

Q2 2009

$1.1BAssets
$634.0MLoans
$926.6MDeposits
$133.3MEquity
Loan mix
77%RE $314.8M23%C&I $91.6M0%Consumer $0.5MQ2 2008Q2 2009
Deposit mix
86%Interest-bearing $797.7M14%Noninterest $128.9MQ2 2008Q2 2009

NIM

5.67%Q2 ’075.11%Q2 ’083.78%Q2 ’09+3%-16%

Non-interest income vs. expense

2.12%Q2 ’072.06%Q2 ’082.15%Q2 ’09+3%+7%

Executive Summary

  • Earnings: ROA of 0.51%, down 18 bps year over year; NIM at 2.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.22%.
  • Funding: loans stand at 68.42% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

0.51%-18 bps YoY

Net Interest Margin (YTD, annualized)

2.40%-45 bps YoY

Efficiency Ratio (YTD, annualized)

64.21%+1,104 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets0.69%0.57%0.51%0.66%0.51%-18 bps
Return on Equity5.06%4.10%3.66%4.71%3.91%-114 bps
Net Interest Margin2.85%2.94%3.03%2.88%2.40%-45 bps
Efficiency Ratio53.16%52.95%55.85%59.68%64.21%+1,104 bps
Non-Interest Burden1.33%1.35%1.53%1.58%1.42%+9 bps
Growth
Asset Growth (YoY)3.00%-1.73%-8.75%-1.72%13.57%+1,057 bps
Loan Growth (YoY)2.21%1.79%-1.40%-4.82%-1.83%-404 bps
Deposit Growth (YoY)5.71%0.05%-7.18%-5.03%17.15%+1,144 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.70%0.63%0.52%1.49%1.22%+52 bps
Allowance / Loans1.05%1.25%1.54%1.51%1.60%+54 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 Capital11.03%11.47%12.23%11.65%11.29%+26 bps
Equity / Assets13.54%14.29%14.55%13.30%11.65%-189 bps
Liquidity & Funding
Loans / Deposits81.65%88.30%84.49%77.92%68.42%-1,323 bps
Liquid Assets / Assets1.20%0.84%0.86%9.89%3.10%+189 bps
CRE / Total Capitaln/an/an/an/an/an/an/a