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Logan County Bank

Lincoln, IL · Cert 18484

FDIC

Q4 2012

$95.8MAssets
$36.0MLoans
$83.7MDeposits
$8.9MEquity
Loan mix
83%RE $23.5M14%C&I $4.0M3%Consumer $0.9MQ4 2011Q4 2012
Deposit mix
85%Interest-bearing $71.1M15%Noninterest $12.6MQ4 2011Q4 2012

NIM

4.00%Q4 ’103.76%Q4 ’113.08%Q4 ’12+4%-15%

Non-interest income vs. expense

2.10%Q4 ’102.01%Q4 ’112.19%Q4 ’12-5%+13%

Executive Summary

  • Earnings: ROA of 0.63%, down 43 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.22%.
  • Funding: loans stand at 42.96% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

0.63%-43 bps YoY

Net Interest Margin (quarter, annualized)

2.69%-46 bps YoY

Efficiency Ratio (quarter, annualized)

69.26%+1,404 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets1.06%0.80%0.65%0.63%0.63%-43 bps
Return on Equity11.35%8.69%7.24%6.91%6.81%-454 bps
Net Interest Margin3.15%2.85%2.74%2.67%2.69%-46 bps
Efficiency Ratio55.22%63.07%64.08%69.29%69.26%+1,404 bps
Non-Interest Burden1.52%1.65%1.58%1.71%1.71%+19 bps
Growth
Asset Growth (YoY)-1.89%3.04%2.95%5.70%2.73%+461 bps
Loan Growth (YoY)-4.47%-11.30%-9.69%-9.24%-10.61%-614 bps
Deposit Growth (YoY)-2.20%-0.14%0.42%2.38%2.70%+490 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%0.12%0.25%0.00%-0.22%-51 bps
Allowance / Loans0.98%1.14%1.16%1.14%1.17%+19 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 Capital16.08%17.50%17.75%17.86%18.78%+270 bps
Equity / Assets9.31%9.02%9.03%9.08%9.33%+2 bps
Liquidity & Funding
Loans / Deposits49.35%38.89%42.60%42.23%42.96%-639 bps
Liquid Assets / Assets2.49%15.38%17.54%16.00%14.88%+1,239 bps
CRE / Total Capitaln/an/an/an/an/an/an/a