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Fort Knox National Bank

Radcliff, KY · Cert 18178

FDIC

Q1 2007

$195.6MAssets
$23.2MLoans
$189.0MDeposits
$6.3MEquity
Deposit mix
11%Interest-bearing $19.9M89%Noninterest $169.2MQ1 2006Q1 2007

NIM

3.82%Q1 ’053.97%Q1 ’064.82%Q1 ’07-8%+9%

Non-interest income vs. expense

4.29%Q1 ’054.17%Q1 ’063.63%Q1 ’07+7%-7%

Executive Summary

  • Earnings: ROA of 0.14%, up 15 bps year over year; NIM at 2.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 12.27% of deposits as of Q1 2007.

Financial Results

Return on Assets (YTD, annualized)

0.14%+15 bps YoY

Net Interest Margin (YTD, annualized)

2.90%+23 bps YoY

Efficiency Ratio (YTD, annualized)

89.30%-1,026 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets-0.01%0.50%0.87%0.68%0.14%+15 bps
Return on Equity-0.09%4.18%6.94%5.10%2.53%+262 bps
Net Interest Margin2.66%2.95%3.15%3.35%2.90%+23 bps
Efficiency Ratio99.57%88.56%81.23%86.10%89.30%-1,026 bps
Non-Interest Burden2.64%2.40%2.14%2.58%2.46%-18 bps
Growth
Asset Growth (YoY)32.11%21.83%14.46%-6.82%315%+28,285 bps
Loan Growth (YoY)5.47%3.26%-5.58%-6.28%-10.25%-1,572 bps
Deposit Growth (YoY)29.90%32.69%7.86%-6.16%414%+38,386 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.01%-0.01%0.00%-0.03%-3 bps
Allowance / Loans0.43%0.44%0.46%0.49%0.54%+11 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 Capital29.76%30.83%31.60%34.38%12.59%-1,717 bps
Equity / Assets13.11%13.90%14.44%17.14%3.24%-987 bps
Liquidity & Funding
Loans / Deposits70.25%75.99%75.03%81.70%12.27%-5,798 bps
Liquid Assets / Assets0.00%0.02%0.02%0.02%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a