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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

3.72%Q2 ’034.33%Q2 ’045.05%Q2 ’05+39%+16%

Non-interest income vs. expense

2.31%Q2 ’032.31%Q2 ’042.60%Q2 ’05-1%+16%

Executive Summary

  • Earnings: ROA of 0.82%, down 34 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.04%.
  • Funding: loans stand at 65.67% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

0.82%-34 bps YoY

Net Interest Margin (quarter, annualized)

3.75%+51 bps YoY

Efficiency Ratio (quarter, annualized)

60.77%-59 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.15%0.98%1.10%1.32%0.82%-34 bps
Return on Equity12.09%10.27%10.82%12.87%7.86%-424 bps
Net Interest Margin3.24%3.41%3.16%3.68%3.75%+51 bps
Efficiency Ratio61.36%69.28%66.79%59.57%60.77%-59 bps
Non-Interest Burden1.78%2.20%1.93%1.92%2.07%+29 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-0.06%-0.08%-0.07%0.03%-0.04%+2 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