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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

5.86%Q3 ’075.41%Q3 ’084.79%Q3 ’09+19%-4%

Non-interest income vs. expense

2.11%Q3 ’072.15%Q3 ’082.29%Q3 ’09-16%+31%

Executive Summary

  • Earnings: ROA of 1.01%, down 44 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 113.69% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

1.01%-44 bps YoY

Net Interest Margin (quarter, annualized)

3.35%-15 bps YoY

Efficiency Ratio (quarter, annualized)

50.74%+745 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets1.45%0.57%1.00%1.20%1.01%-44 bps
Return on Equity7.89%3.12%5.41%6.37%5.40%-250 bps
Net Interest Margin3.49%3.50%3.46%3.34%3.35%-15 bps
Efficiency Ratio43.29%48.15%50.64%52.86%50.74%+745 bps
Non-Interest Burden1.11%1.52%1.52%1.41%1.45%+35 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 / Loans0.03%0.01%0.20%0.05%0.16%+13 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