First Federal Savings Bank of Elizabethtown

Elizabethtown, KY · Cert 28610

FDIC · 17 branches

Q4 2014

$775.1MAssets

$430.1MLoans

$697.9MDeposits

$61.9MEquity

Loan mix

Deposit mix

NIM

Market Position · Elizabethtown-Fort Knox, KY · 2014 SOD (annual) · 19.7% share · #1 of 17 inst. · $0.4B of $2.1B

18.8% Hardin

18.8% Bullitt

43.4% Meade

0.6% Jefferson

Earnings: ROA of -0.11%, down 40 bps year over year; NIM at 2.79%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.10%.
Funding: loans stand at 61.62% of deposits as of Q4 2014.

Return on Assets (YTD, annualized)

-0.11%-40 bps YoY

Net Interest Margin (YTD, annualized)

2.79%-10 bps YoY

Efficiency Ratio (YTD, annualized)

123.46%+2,143 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 2013	Q1 2014	Q2 2014	Q3 2014	Q4 2014	YoY Δ	Trend
Earnings
Return on Assets	0.29%	0.14%	0.06%	0.18%	-0.11%	-40 bps
Return on Equity	4.26%	1.98%	0.81%	2.37%	-1.38%	-563 bps
Net Interest Margin	2.89%	2.75%	2.81%	2.86%	2.79%	-10 bps
Efficiency Ratio	102.03%	95.31%	111.09%	110.46%	123.46%	+2,143 bps
Non-Interest Burden	2.97%	2.58%	3.21%	3.25%	3.65%	+69 bps
Growth
Asset Growth (YoY)	-14.74%	-10.96%	-9.17%	-11.33%	-9.72%	+503 bps
Loan Growth (YoY)	-11.61%	-9.38%	-7.59%	-8.40%	-7.98%	+363 bps
Deposit Growth (YoY)	-15.09%	-11.24%	-9.38%	-9.81%	-10.94%	+415 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.98%	-0.03%	0.06%	-0.07%	-0.10%	-108 bps
Allowance / Loans	2.05%	2.09%	2.09%	1.88%	1.79%	-26 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	13.48%	14.16%	14.93%	15.79%	15.88%	+239 bps
Equity / Assets	6.81%	7.36%	7.86%	8.44%	7.99%	+118 bps
Liquidity & Funding
Loans / Deposits	59.64%	60.56%	63.10%	64.86%	61.62%	+199 bps
Liquid Assets / Assets	4.31%	8.05%	7.48%	5.86%	8.23%	+392 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a