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Berea National Bank, The

Berea, KY · Cert 2681

FDIC

Q4 2005

$84.1MAssets
$46.5MLoans
$73.5MDeposits
$8.1MEquity
Loan mix
82%RE $27.0M18%C&I $6.0M0%Consumer $0.0MQ4 2004Q4 2005
Deposit mix
81%Interest-bearing $59.4M19%Noninterest $14.1MQ4 2004Q4 2005

NIM

4.89%Q4 ’034.85%Q4 ’045.19%Q4 ’05+4%-1%

Non-interest income vs. expense

3.73%Q4 ’034.04%Q4 ’045.47%Q4 ’05+15%+51%

Executive Summary

  • Earnings: ROA of -1.37%, down 158 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.70%.
  • Funding: loans stand at 63.25% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

-1.37%-158 bps YoY

Net Interest Margin (YTD, annualized)

3.65%-4 bps YoY

Efficiency Ratio (YTD, annualized)

112.46%+3,014 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets0.21%0.14%0.33%0.24%-1.37%-158 bps
Return on Equity1.95%1.32%3.04%2.18%-12.86%-1,481 bps
Net Interest Margin3.69%3.43%3.40%3.46%3.65%-4 bps
Efficiency Ratio82.33%94.46%90.60%92.69%112.46%+3,014 bps
Non-Interest Burden2.82%3.18%2.97%3.12%4.26%+144 bps
Growth
Asset Growth (YoY)-4.14%-1.86%-2.40%0.85%-0.25%+388 bps
Loan Growth (YoY)-2.48%7.77%4.79%5.86%1.78%+426 bps
Deposit Growth (YoY)-5.41%-1.68%-1.30%1.62%1.06%+647 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.93%0.12%0.35%0.28%0.70%-23 bps
Allowance / Loans1.31%1.26%1.16%1.18%2.00%+69 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 Capital20.26%19.36%19.31%19.71%17.72%-254 bps
Equity / Assets11.14%10.74%10.82%10.80%9.65%-149 bps
Liquidity & Funding
Loans / Deposits62.81%63.26%63.15%63.56%63.25%+44 bps
Liquid Assets / Assets27.44%23.86%22.50%26.26%27.00%-44 bps
CRE / Total Capitaln/an/an/an/an/an/an/a