PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Area Bank

Owensboro, KY · Cert 18478

FDIC

Q2 2002

$2.5BAssets
$1.6BLoans
$1.9BDeposits
$502.2MEquity
Loan mix
69%RE $642.2M20%C&I $190.0M11%Consumer $98.6MQ2 2001Q2 2002
Deposit mix
84%Interest-bearing $1.6B16%Noninterest $0.3BQ2 2001Q2 2002

NIM

7.70%Q1 ’017.61%Q2 ’012.39%Q2 ’02+2%-63%

Non-interest income vs. expense

2.34%Q1 ’012.33%Q2 ’010.73%Q2 ’02-3%-96%

Executive Summary

  • Earnings: ROA of 0.97%, down 79 bps year over year; NIM at 1.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 84.97% of deposits as of Q2 2002.

Financial Results

Return on Assets (YTD, annualized)

0.97%-79 bps YoY

Net Interest Margin (YTD, annualized)

1.55%-264 bps YoY

Efficiency Ratio (YTD, annualized)

41.92%-405 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets1.76%1.80%1.82%0.00%0.97%-79 bps
Return on Equityn/an/an/a0.00%5.95%n/a
Net Interest Margin4.19%4.00%3.94%0.00%1.55%-264 bps
Efficiency Ratio45.97%44.97%44.68%n/a41.92%-405 bps
Non-Interest Burden1.45%1.31%1.26%0.00%0.06%-139 bps
Growth
Asset Growth (YoY)4628%182.98%7.96%8.00%6.23%-462,215 bps
Loan Growth (YoY)6973%210%1.81%-4.04%-5.39%-697,817 bps
Deposit Growth (YoY)4509%173.20%-0.55%-3.60%-0.53%-451,000 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.24%0.29%0.29%0.00%0.03%-20 bps
Allowance / Loans1.45%1.40%1.35%2.00%2.00%+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 Capital13.35%13.99%14.81%14.31%15.81%+246 bps
Equity / Assets11.48%10.50%10.76%18.67%19.77%+829 bps
Liquidity & Funding
Loans / Deposits89.34%90.06%89.11%85.71%84.97%-437 bps
Liquid Assets / Assets6.29%6.80%6.80%0.12%0.13%-616 bps
CRE / Total Capitaln/an/an/an/an/an/an/a