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Pioneer Bank

Canmer, KY · Cert 16827

FDIC

Q4 2004

$67.1MAssets
$54.2MLoans
$56.3MDeposits
$7.3MEquity
Loan mix
87%RE $26.6M13%C&I $4.0M0%Consumer $0.1MQ4 2003Q4 2004
Deposit mix
86%Interest-bearing $48.1M14%Noninterest $8.1MQ4 2003Q4 2004

NIM

6.81%Q4 ’026.49%Q4 ’036.31%Q4 ’04+2%+4%

Non-interest income vs. expense

4.57%Q4 ’024.66%Q4 ’034.61%Q4 ’04-2%-7%

Executive Summary

  • Earnings: ROA of 2.25%, up 54 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 96.26% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

2.25%+54 bps YoY

Net Interest Margin (YTD, annualized)

4.09%+16 bps YoY

Efficiency Ratio (YTD, annualized)

64.76%-280 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.71%1.79%2.12%2.25%2.25%+54 bps
Return on Equity16.48%17.08%20.10%21.30%21.15%+466 bps
Net Interest Margin3.93%3.91%3.90%4.10%4.09%+16 bps
Efficiency Ratio67.56%69.24%65.97%64.66%64.76%-280 bps
Non-Interest Burden1.69%1.84%1.54%1.57%1.58%-11 bps
Growth
Asset Growth (YoY)-1.64%-0.63%-4.05%2.31%2.34%+398 bps
Loan Growth (YoY)4.40%7.11%4.70%5.48%3.33%-106 bps
Deposit Growth (YoY)1.49%1.77%-2.66%4.28%3.59%+210 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%0.04%-0.01%0.24%0.23%-6 bps
Allowance / Loans1.60%1.61%1.72%1.60%1.65%+5 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 Capital13.45%13.38%13.79%14.01%14.23%+78 bps
Equity / Assets10.70%10.22%10.71%10.71%10.94%+24 bps
Liquidity & Funding
Loans / Deposits96.50%93.41%97.24%95.46%96.26%-24 bps
Liquid Assets / Assets0.07%0.13%0.26%0.13%0.16%+8 bps
CRE / Total Capitaln/an/an/an/an/an/an/a