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Sand Ridge Bank

Highland, IN · Cert 20086

FDIC

Q2 2005

$901.8MAssets
$615.5MLoans
$705.2MDeposits
$65.1MEquity
Loan mix
89%RE $361.3M11%C&I $43.9M1%Consumer $2.2MQ2 2004Q2 2005
Deposit mix
83%Interest-bearing $584.8M17%Noninterest $120.4MQ2 2004Q2 2005

NIM

5.48%Q2 ’035.10%Q2 ’045.24%Q2 ’05-1%-5%

Non-interest income vs. expense

2.96%Q2 ’032.71%Q2 ’043.03%Q2 ’05-2%+3%

Executive Summary

  • Earnings: ROA of 1.21%, down 8 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 87.27% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

1.21%-8 bps YoY

Net Interest Margin (quarter, annualized)

3.43%-18 bps YoY

Efficiency Ratio (quarter, annualized)

62.68%+537 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.29%1.19%1.20%1.22%1.21%-8 bps
Return on Equity17.19%16.16%16.14%16.56%16.64%-56 bps
Net Interest Margin3.61%3.60%3.53%3.46%3.43%-18 bps
Efficiency Ratio57.31%60.91%61.34%61.08%62.68%+537 bps
Non-Interest Burden1.60%1.76%1.74%1.55%1.64%+4 bps
Growth
Asset Growth (YoY)0.97%-1.42%0.77%3.19%4.14%+317 bps
Loan Growth (YoY)7.08%7.21%7.28%6.79%7.34%+27 bps
Deposit Growth (YoY)2.00%-2.03%2.05%2.91%1.77%-23 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.10%0.11%0.08%0.10%-26 bps
Allowance / Loans1.38%1.36%1.34%1.34%1.29%-9 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 Capital12.95%12.83%12.73%12.37%12.04%-91 bps
Equity / Assets7.28%7.47%7.42%7.29%7.22%-6 bps
Liquidity & Funding
Loans / Deposits82.74%86.35%85.94%85.29%87.27%+453 bps
Liquid Assets / Assets1.06%1.60%1.37%1.47%1.91%+85 bps
CRE / Total Capitaln/an/an/an/an/an/an/a