PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Lincoln Bank

Plainfield, IN · Cert 28617

FDIC

Q1 2009

$907.1MAssets
$630.0MLoans
$650.9MDeposits
$125.4MEquity
Loan mix
90%RE $403.3M10%C&I $46.7M0%Consumer $0.5MQ2 2007Q1 2009
Deposit mix
93%Interest-bearing $603.2M7%Noninterest $47.7MQ2 2007Q1 2009

Executive Summary

  • Earnings: ROA of 0.61%, up 50 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 96.80% of deposits as of Q1 2009.

Return on Assets (YTD, annualized)

0.61%+50 bps YoY

Net Interest Margin (YTD, annualized)

3.18%+51 bps YoY

Efficiency Ratio (YTD, annualized)

61.13%-1,881 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.93%Q1 ’075.70%Q1 ’084.84%Q1 ’09+11%+19%

Non-interest income vs. expense

2.63%Q1 ’072.87%Q1 ’082.62%Q1 ’09-25%-8%

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.12%0.18%0.23%0.11%0.28%-3.36%-3.73%0.61%+50 bps
Return on Equity1.11%1.65%2.13%0.93%2.51%-31.51%-36.03%5.27%+434 bps
Net Interest Margin2.37%2.43%2.46%2.66%2.77%2.82%2.75%3.18%+51 bps
Efficiency Ratio94.21%90.96%88.10%79.94%79.54%79.31%119.97%61.13%-1,881 bps
Non-Interest Burden2.27%2.23%2.16%2.01%2.08%5.84%6.38%1.86%-15 bps
Growth
Asset Growth (YoY)1.88%-0.18%0.63%-2.96%-3.29%-6.63%-1.26%5.18%+814 bps
Loan Growth (YoY)-1.39%1.80%1.13%-1.34%3.89%-1.18%-1.46%-1.27%+6 bps
Deposit Growth (YoY)6.34%0.26%-0.08%-6.42%-9.79%-12.31%-0.93%1.62%+805 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.06%0.08%0.06%0.06%0.09%0.53%0.33%+26 bps
Allowance / Loans1.02%0.97%1.02%1.25%1.28%1.31%1.36%1.84%+59 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital11.33%10.99%11.26%11.17%11.47%11.55%7.86%13.66%+249 bps
Equity / Assets10.68%10.93%11.12%11.47%11.26%8.69%9.16%13.83%+236 bps
Liquidity & Funding
Loans / Deposits87.32%94.52%98.10%99.64%100.56%106.51%97.57%96.80%-284 bps
Liquid Assets / Assets2.83%0.57%1.04%1.06%1.56%0.74%2.81%2.80%+174 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a