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 ’017.47%Q2 ’014.77%Q2 ’02+3%-27%

Non-interest income vs. expense

2.34%Q1 ’012.29%Q2 ’011.46%Q2 ’02-7%-91%

Executive Summary

  • Earnings: ROA of 1.96%, up 12 bps year over year; NIM at 3.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 84.97% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

1.96%+12 bps YoY

Net Interest Margin (quarter, annualized)

3.10%-114 bps YoY

Efficiency Ratio (quarter, annualized)

41.92%-276 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets1.85%1.93%1.86%0.00%1.96%+12 bps
Return on Equity16.04%17.62%17.45%0.00%10.21%-583 bps
Net Interest Margin4.24%4.10%4.02%0.00%3.10%-114 bps
Efficiency Ratio44.68%43.11%43.84%n/a41.92%-276 bps
Non-Interest Burden1.40%1.18%1.22%0.00%0.13%-127 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 / Loans0.15%0.41%0.28%0.00%0.06%-8 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