PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mainsource Bank - Ohio

Troy, OH · Cert 28148

FDIC

Q3 2009

$209.5MAssets
$150.8MLoans
$132.7MDeposits
$39.5MEquity
Deposit mix
88%Interest-bearing $116.5M12%Noninterest $16.1MQ3 2008Q3 2009

NIM

5.94%Q3 ’075.63%Q3 ’084.79%Q3 ’09+15%-4%

Non-interest income vs. expense

2.19%Q3 ’072.14%Q3 ’082.33%Q3 ’09-14%+14%

Executive Summary

  • Earnings: ROA of 1.06%, down 24 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 113.69% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

1.06%-24 bps YoY

Net Interest Margin (YTD, annualized)

3.29%-12 bps YoY

Efficiency Ratio (YTD, annualized)

51.43%+604 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets1.30%1.11%1.00%1.09%1.06%-24 bps
Return on Equity7.14%6.13%5.41%5.89%5.72%-142 bps
Net Interest Margin3.42%3.44%3.46%3.38%3.29%-12 bps
Efficiency Ratio45.40%46.07%50.64%51.78%51.43%+604 bps
Non-Interest Burden1.25%1.32%1.52%1.46%1.42%+17 bps
Growth
Asset Growth (YoY)-6.16%0.16%-3.14%2.87%4.13%+1,029 bps
Loan Growth (YoY)-5.79%-3.88%-3.11%-6.25%-6.48%-69 bps
Deposit Growth (YoY)5.44%11.41%11.51%15.13%15.45%+1,001 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.29%0.22%0.20%0.13%0.14%-15 bps
Allowance / Loans0.76%1.05%1.12%1.18%1.24%+47 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 Capital14.64%14.68%15.44%16.11%16.29%+165 bps
Equity / Assets18.57%17.86%19.07%18.64%18.84%+27 bps
Liquidity & Funding
Loans / Deposits140.36%137.34%125.95%113.24%113.69%-2,666 bps
Liquid Assets / Assets0.07%0.09%0.07%0.08%0.03%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a