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Letter portraitLegal landscapeQuarterYTD

Central Bank

Russiaville, IN · Cert 16545

FDIC

Q3 2009

$53.6MAssets
$26.9MLoans
$46.3MDeposits
$4.6MEquity
Loan mix
89%RE $21.4M11%C&I $2.6M1%Consumer $0.2MQ3 2008Q3 2009
Deposit mix
82%Interest-bearing $37.9M18%Noninterest $8.4MQ3 2008Q3 2009

NIM

5.66%Q3 ’075.21%Q3 ’084.78%Q3 ’09-2%+4%

Non-interest income vs. expense

4.32%Q3 ’073.86%Q3 ’084.39%Q3 ’09-10%+18%

Executive Summary

  • Earnings: ROA of 0.23%, up 54 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 58.21% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

0.23%1+54 bps YoY

Net Interest Margin (YTD, annualized)

3.78%+16 bps YoY

Efficiency Ratio (YTD, annualized)

99.07%+945 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-0.31%-0.43%0.77%10.68%10.23%1+54 bps
Return on Equity-3.76%-5.32%9.77%8.33%2.79%+656 bps
Net Interest Margin3.62%3.65%3.68%3.81%3.78%+16 bps
Efficiency Ratio89.62%90.36%85.31%89.44%99.07%+945 bps
Non-Interest Burden3.18%3.23%3.04%3.34%3.74%+56 bps
Growth
Asset Growth (YoY)4.84%3.83%2.66%-4.48%-4.82%-966 bps
Loan Growth (YoY)0.41%2.57%-0.43%-2.66%-4.27%-467 bps
Deposit Growth (YoY)2.28%1.58%3.08%-5.69%-5.83%-812 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.89%1.44%0.34%0.56%0.44%-145 bps
Allowance / Loans1.25%1.98%2.09%2.13%2.14%+89 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 Capital16.18%15.72%15.92%16.45%15.47%-71 bps
Equity / Assets8.03%7.75%8.00%8.65%8.51%+48 bps
Liquidity & Funding
Loans / Deposits57.26%54.69%52.82%57.14%58.21%+95 bps
Liquid Assets / Assets3.58%9.40%0.18%2.24%0.28%-330 bps
CRE / Total Capitaln/an/an/an/an/an/an/a