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Usaccess Bank, Inc.

Louisville, KY · Cert 278

FDIC

Q4 2005

$367.2MAssets
$274.9MLoans
$314.0MDeposits
$39.1MEquity
Loan mix
78%RE $51.3M22%C&I $14.4M0%Consumer $0.0MQ4 2004Q4 2005
Deposit mix
98%Interest-bearing $306.2M2%Noninterest $7.8MQ4 2004Q4 2005

NIM

5.56%Q4 ’035.17%Q4 ’046.01%Q4 ’05+0%+14%

Non-interest income vs. expense

1.49%Q4 ’031.34%Q4 ’041.34%Q4 ’05-6%-8%

Executive Summary

  • Earnings: ROA of 1.35%, up 32 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 87.55% of deposits as of Q4 2005.

Financial Results

Return on Assets (YTD, annualized)

1.35%+32 bps YoY

Net Interest Margin (YTD, annualized)

3.18%+38 bps YoY

Efficiency Ratio (YTD, annualized)

38.80%-616 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 Assets1.02%1.53%1.42%1.38%1.35%+32 bps
Return on Equity10.34%15.90%14.81%14.41%13.75%+341 bps
Net Interest Margin2.80%3.34%3.19%3.21%3.18%+38 bps
Efficiency Ratio44.96%37.47%39.17%38.64%38.80%-616 bps
Non-Interest Burden1.16%0.90%1.02%1.04%1.07%-9 bps
Growth
Asset Growth (YoY)15.72%12.23%15.95%14.78%16.74%+102 bps
Loan Growth (YoY)19.02%15.57%10.95%13.65%6.82%-1,220 bps
Deposit Growth (YoY)13.96%14.28%23.63%21.71%23.19%+924 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%-0.02%-0.16%-0.10%0.08%+7 bps
Allowance / Loans1.43%1.50%1.62%1.59%1.52%+8 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 Capital12.44%13.00%13.25%12.76%12.26%-18 bps
Equity / Assets9.36%9.84%9.57%9.43%10.65%+130 bps
Liquidity & Funding
Loans / Deposits100.98%101.90%88.68%93.62%87.55%-1,342 bps
Liquid Assets / Assets0.11%0.08%1.05%1.83%0.09%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a