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Exchange Bank, The

Luckey, OH · Cert 2066

FDIC

Q4 2006

$86.5MAssets
$64.2MLoans
$69.7MDeposits
$12.1MEquity
Loan mix
83%RE $33.7M17%C&I $6.9M0%Consumer $0.1MQ4 2005Q4 2006
Deposit mix
81%Interest-bearing $56.4M19%Noninterest $13.4MQ4 2005Q4 2006

NIM

5.25%Q4 ’045.61%Q4 ’056.11%Q4 ’06+12%-2%

Non-interest income vs. expense

4.21%Q4 ’045.39%Q4 ’055.66%Q4 ’06+34%-13%

Executive Summary

  • Earnings: ROA of -0.13%, up 142 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 92.10% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

-0.13%+142 bps YoY

Net Interest Margin (YTD, annualized)

4.13%-10 bps YoY

Efficiency Ratio (YTD, annualized)

97.21%-1,903 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets-1.56%-0.75%-0.33%-0.12%-0.13%+142 bps
Return on Equity-17.08%-6.64%-2.75%-0.97%-1.03%+1,605 bps
Net Interest Margin4.23%4.29%4.06%4.07%4.13%-10 bps
Efficiency Ratio116.24%122.88%102.89%96.04%97.21%-1,903 bps
Non-Interest Burden4.98%5.47%4.57%4.20%4.32%-66 bps
Growth
Asset Growth (YoY)-12.09%-0.30%5.28%6.16%8.53%+2,062 bps
Loan Growth (YoY)-6.66%-1.79%3.02%10.06%10.50%+1,716 bps
Deposit Growth (YoY)-16.35%-11.18%-2.85%-0.55%1.62%+1,797 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.88%0.07%-0.04%0.02%0.13%-75 bps
Allowance / Loans2.33%1.52%1.48%1.45%1.29%-104 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 Capital13.95%13.43%12.93%13.12%13.16%-80 bps
Equity / Assets8.46%13.87%13.39%13.96%14.04%+558 bps
Liquidity & Funding
Loans / Deposits84.70%84.60%84.98%90.66%92.10%+740 bps
Liquid Assets / Assets0.04%0.01%0.04%0.04%0.05%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a