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River Valley Financial Bank

Madison, IN · Cert 28565

FDIC

Q3 2012

$403.7MAssets
$258.7MLoans
$304.7MDeposits
$40.9MEquity
Loan mix
95%RE $218.1M3%C&I $7.4M1%Consumer $3.2MQ3 2011Q3 2012
Deposit mix
89%Interest-bearing $271.3M11%Noninterest $33.4MQ3 2011Q3 2012

NIM

4.40%Q1 ’124.24%Q2 ’124.35%Q3 ’12-3%+5%

Non-interest income vs. expense

2.63%Q1 ’122.65%Q2 ’122.61%Q3 ’12-2%-4%

Executive Summary

  • Earnings: ROA of 0.88%, up 39 bps year over year; NIM at 3.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 84.91% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.88%+39 bps YoY

Net Interest Margin (quarter, annualized)

3.23%

Efficiency Ratio (quarter, annualized)

65.23%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets0.49%0.52%0.67%0.76%0.88%+39 bps
Return on Equityn/an/an/a7.76%8.86%n/a
Net Interest Marginn/an/a3.18%3.07%3.23%n/a
Efficiency Ration/an/a68.20%69.65%65.23%n/a
Non-Interest Burdenn/an/a1.99%1.95%1.88%n/a
Growth
Asset Growth (YoY)5.04%5.29%4.42%1.96%0.48%-456 bps
Loan Growth (YoY)-4.22%-4.98%-2.59%-1.51%1.10%+532 bps
Deposit Growth (YoY)6.30%6.26%4.76%3.24%1.54%-477 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a2.05%-0.03%0.23%n/a
Allowance / Loansn/an/a1.25%1.37%1.41%n/a
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 Capitaln/an/a15.51%15.46%15.58%n/a
Equity / Assetsn/an/a9.79%9.82%10.13%n/a
Liquidity & Funding
Loans / Deposits85.28%82.68%83.46%83.67%84.91%-37 bps
Liquid Assets / Assets0.00%0.00%3.90%2.87%1.13%+113 bps
CRE / Total Capitaln/an/an/an/an/an/an/a