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First Bank and Trust Company of Princeton, Kentucky

Princeton, KY · Cert 2764

FDIC

Q2 2005

$84.2MAssets
$48.7MLoans
$74.1MDeposits
$8.8MEquity
Loan mix
83%RE $19.4M17%C&I $4.1M0%Consumer $0.0MQ2 2004Q2 2005
Deposit mix
85%Interest-bearing $63.0M15%Noninterest $11.1MQ2 2004Q2 2005

NIM

2.71%Q2 ’034.35%Q2 ’044.96%Q2 ’05+94%+14%

Non-interest income vs. expense

1.64%Q2 ’032.28%Q2 ’042.59%Q2 ’05+35%+13%

Executive Summary

  • Earnings: ROA of 1.07%, down 9 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 65.67% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

1.07%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.71%+47 bps YoY

Efficiency Ratio (YTD, annualized)

60.16%-46 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.15%1.10%1.10%1.32%1.07%-9 bps
Return on Equity11.97%11.26%11.15%12.87%10.36%-161 bps
Net Interest Margin3.24%3.34%3.29%3.68%3.71%+47 bps
Efficiency Ratio60.62%63.56%64.34%59.57%60.16%-46 bps
Non-Interest Burden1.77%1.93%1.93%1.92%2.00%+23 bps
Growth
Asset Growth (YoY)-1.74%-0.88%-1.60%-2.50%-3.74%-200 bps
Loan Growth (YoY)-8.60%2.46%18.94%41.95%40.76%+4,935 bps
Deposit Growth (YoY)0.41%-2.17%-1.91%-1.88%-5.39%-579 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.31%-0.23%-0.16%0.03%0.00%+31 bps
Allowance / Loans1.49%1.46%1.25%1.09%1.09%-40 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 Capital12.02%12.08%10.99%10.56%10.43%-159 bps
Equity / Assets8.99%10.06%10.18%10.29%10.46%+147 bps
Liquidity & Funding
Loans / Deposits44.14%47.56%55.87%63.75%65.67%+2,153 bps
Liquid Assets / Assets0.01%0.01%0.00%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a