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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

4.76%Q4 ’034.77%Q4 ’045.78%Q4 ’05+0%+13%

Non-interest income vs. expense

3.38%Q4 ’034.20%Q4 ’048.77%Q4 ’05+39%+148%

Executive Summary

  • Earnings: ROA of -6.23%, down 592 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.93%.
  • Funding: loans stand at 63.25% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

-6.23%-592 bps YoY

Net Interest Margin (quarter, annualized)

4.08%+46 bps YoY

Efficiency Ratio (quarter, annualized)

165.06%+7,743 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets-0.31%0.14%0.51%0.05%-6.23%-592 bps
Return on Equity-2.76%1.32%4.75%0.47%-60.86%-5,811 bps
Net Interest Margin3.63%3.43%3.45%3.52%4.08%+46 bps
Efficiency Ratio87.63%94.46%86.93%96.72%165.06%+7,743 bps
Non-Interest Burden3.04%3.18%2.84%3.36%7.54%+451 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 / Loans0.85%0.12%0.59%0.12%1.93%+108 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