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Frances Slocum Bank and Trust Company

Wabash, IN · Cert 18927

FDIC

Q1 2007

$213.1MAssets
$171.3MLoans
$153.3MDeposits
$27.4MEquity
Loan mix
63%RE $57.3M36%C&I $32.6M1%Consumer $0.8MQ1 2006Q1 2007
Deposit mix
86%Interest-bearing $131.1M14%Noninterest $22.2MQ1 2006Q1 2007

NIM

5.43%Q1 ’055.90%Q1 ’066.25%Q1 ’07-6%-11%

Non-interest income vs. expense

2.89%Q1 ’052.86%Q1 ’062.63%Q1 ’07-1%-13%

Executive Summary

  • Earnings: ROA of 0.86%, down 5 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 111.76% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

0.86%-5 bps YoY

Net Interest Margin (quarter, annualized)

3.38%-40 bps YoY

Efficiency Ratio (quarter, annualized)

60.08%-6 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.91%0.99%1.04%0.88%0.86%-5 bps
Return on Equity6.08%6.90%7.67%6.52%6.52%+44 bps
Net Interest Margin3.77%3.73%3.66%3.51%3.38%-40 bps
Efficiency Ratio60.14%57.65%55.27%59.33%60.08%-6 bps
Non-Interest Burden2.27%2.12%1.94%2.10%1.98%-30 bps
Growth
Asset Growth (YoY)3.01%13.67%14.48%13.37%13.34%+1,033 bps
Loan Growth (YoY)9.43%19.33%19.42%20.06%15.38%+594 bps
Deposit Growth (YoY)-4.59%-6.38%13.70%8.63%8.08%+1,268 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.42%0.28%0.20%0.28%+13 bps
Allowance / Loans1.57%1.39%1.27%1.23%1.18%-39 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 Capital13.02%12.30%11.58%11.87%11.32%-170 bps
Equity / Assets14.79%14.03%13.22%13.66%12.86%-193 bps
Liquidity & Funding
Loans / Deposits104.70%122.64%100.15%123.51%111.76%+706 bps
Liquid Assets / Assets0.34%0.39%0.31%0.27%0.38%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a