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Tri-County National Bank

Corbin, KY · Cert 26376

FDIC

Q3 2007

$99.8MAssets
$76.5MLoans
$85.0MDeposits
$9.4MEquity
Deposit mix
84%Interest-bearing $71.1M16%Noninterest $13.9MQ3 2006Q3 2007

NIM

5.70%Q3 ’056.29%Q3 ’066.77%Q3 ’07-3%+5%

Non-interest income vs. expense

3.65%Q3 ’053.49%Q3 ’064.20%Q3 ’07-9%+13%

Executive Summary

  • Earnings: ROA of 0.56%, down 14 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 90.06% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

0.56%-14 bps YoY

Net Interest Margin (quarter, annualized)

3.92%+20 bps YoY

Efficiency Ratio (quarter, annualized)

80.14%+459 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.70%0.43%0.58%0.53%0.56%-14 bps
Return on Equity7.83%5.06%6.78%5.78%5.98%-186 bps
Net Interest Margin3.72%3.70%3.65%3.74%3.92%+20 bps
Efficiency Ratio75.56%81.72%77.98%81.53%80.14%+459 bps
Non-Interest Burden2.62%2.97%2.67%2.89%2.96%+34 bps
Growth
Asset Growth (YoY)4.95%8.76%6.86%3.74%5.95%+100 bps
Loan Growth (YoY)10.23%6.73%8.42%6.77%9.24%-100 bps
Deposit Growth (YoY)5.17%6.41%9.81%3.03%0.04%-513 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.20%0.02%0.08%0.06%-1 bps
Allowance / Loans1.53%1.44%1.44%1.48%1.42%-11 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 Capital15.78%14.51%15.62%15.78%14.97%-80 bps
Equity / Assets9.00%8.04%9.09%9.35%9.38%+38 bps
Liquidity & Funding
Loans / Deposits82.48%82.05%82.44%84.85%90.06%+758 bps
Liquid Assets / Assets0.07%0.05%0.05%0.07%0.08%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a