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Mount Sterling National Bank

Mount Sterling, KY · Cert 2712

FDIC

Q2 2004

$100.6MAssets
$66.3MLoans
$66.8MDeposits
$14.0MEquity
Deposit mix
81%Interest-bearing $54.1M19%Noninterest $12.6MQ2 2003Q2 2004

NIM

6.72%Q2 ’025.96%Q2 ’035.61%Q2 ’04-1%+1%

Non-interest income vs. expense

3.14%Q2 ’023.00%Q2 ’032.89%Q2 ’04-14%-4%

Executive Summary

  • Earnings: ROA of 1.27%, up 11 bps year over year; NIM at 4.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 99.25% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

1.27%+11 bps YoY

Net Interest Margin (YTD, annualized)

4.04%+2 bps YoY

Efficiency Ratio (YTD, annualized)

59.37%-227 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.16%1.16%1.42%1.26%1.27%+11 bps
Return on Equity7.50%7.49%9.30%8.56%8.80%+130 bps
Net Interest Margin4.02%3.91%3.96%4.10%4.04%+2 bps
Efficiency Ratio61.64%61.94%58.99%59.33%59.37%-227 bps
Non-Interest Burden2.15%2.10%2.00%2.12%2.07%-8 bps
Growth
Asset Growth (YoY)7.36%6.64%3.20%4.65%2.32%-504 bps
Loan Growth (YoY)8.44%6.52%5.72%5.75%5.91%-253 bps
Deposit Growth (YoY)0.84%1.89%1.71%4.32%4.49%+364 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.31%0.35%-0.18%-0.05%-34 bps
Allowance / Loans2.09%2.06%2.07%2.15%2.27%+18 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 Capital20.44%20.68%18.20%18.22%17.75%-269 bps
Equity / Assets15.87%15.36%14.52%14.83%13.88%-199 bps
Liquidity & Funding
Loans / Deposits97.92%97.30%97.33%99.35%99.25%+133 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a