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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

5.63%Q4 ’035.75%Q4 ’046.89%Q4 ’05+10%+10%

Non-interest income vs. expense

1.56%Q4 ’031.23%Q4 ’041.44%Q4 ’05-22%+25%

Executive Summary

  • Earnings: ROA of 1.28%, down 3 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.64%.
  • Funding: loans stand at 87.55% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.28%-3 bps YoY

Net Interest Margin (quarter, annualized)

3.51%+31 bps YoY

Efficiency Ratio (quarter, annualized)

39.22%+314 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.31%1.53%1.34%1.30%1.28%-3 bps
Return on Equity13.67%15.90%13.79%13.65%12.73%-94 bps
Net Interest Margin3.20%3.34%3.21%3.41%3.51%+31 bps
Efficiency Ratio36.08%37.47%41.00%37.63%39.22%+314 bps
Non-Interest Burden1.02%0.90%1.18%1.14%1.28%+26 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 / Loans0.00%-0.02%-0.31%0.00%0.64%+64 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