United Telephone

Warsaw, IN · Charter 21365

Q4 1996

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 1996, the quarter ended December 31, 1996, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Warsaw, IN · Charter 21365

Q4 1996

$5.6MAssets

$4.4MLoans

$4.6MShares

n/aNet Worth

Return on Assets (YTD, annualized)

5.12%+141 bps YoY

Net Interest Margin (YTD, annualized)

n/a

Efficiency Ratio (YTD, annualized)

n/a

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1994	Q4 1994	Q2 1995	Q4 1995	Q2 1996	Q4 1996	YoY Δ	Trend
Earnings
Return on Assets	3.88%	3.70%	3.68%	3.92%	4.62%	5.12%	+141 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Growth
Asset Growth (YoY)	n/a	n/a	n/a	n/a	8.74%	11.22%	n/a
Loan Growth (YoY)	n/a	n/a	n/a	n/a	31.03%	24.93%	n/a
Share Growth (YoY)	n/a	n/a	n/a	n/a	7.13%	13.05%	n/a
Asset Quality
Delinquent Loans / Loans	1.01%	0.75%	1.34%	1.72%	1.09%	2.00%	+125 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.34%	0.50%	0.61%	0.66%	0.70%	0.69%	+19 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	72.99%	86.86%	82.90%	94.05%	89.28%	95.98%	+913 bps
Liquid Assets / Assets	24.92%	22.19%	26.66%	18.34%	20.20%	18.31%	-388 bps