PackageTrendsPeer
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

5.83%Q3 ’075.17%Q3 ’084.47%Q3 ’09-3%-2%

Non-interest income vs. expense

4.29%Q3 ’073.87%Q3 ’085.05%Q3 ’09-9%+39%

Executive Summary

  • Earnings: ROA of -0.72%, up 84 bps year over year; NIM at 3.59%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 58.21% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

-0.72%+84 bps YoY

Net Interest Margin (quarter, annualized)

3.59%-6 bps YoY

Efficiency Ratio (quarter, annualized)

119.83%+3,034 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-1.56%-0.80%0.77%10.57%1-0.72%+84 bps
Return on Equity-19.45%-10.14%9.77%6.88%-8.36%+1,109 bps
Net Interest Margin3.65%3.67%3.68%3.78%3.59%-6 bps
Efficiency Ratio89.49%92.59%85.31%93.68%119.83%+3,034 bps
Non-Interest Burden3.20%3.35%3.04%3.50%4.43%+123 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 / Loans3.84%0.13%0.34%0.77%0.21%-363 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