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Letter portraitLegal landscapeQuarterYTD

Indian Village Community Bank

Gnadenhutten, OH · Cert 28749

FDIC

Q3 2008

$83.5MAssets
$58.5MLoans
$59.7MDeposits
$6.4MEquity
Deposit mix
97%Interest-bearing $58.0M3%Noninterest $1.6MQ3 2007Q3 2008

NIM

5.52%Q3 ’066.10%Q3 ’075.86%Q3 ’08+7%-1%

Non-interest income vs. expense

1.87%Q3 ’062.23%Q3 ’073.02%Q3 ’08+26%+33%

Executive Summary

  • Earnings: ROA of -1.72%, down 132 bps year over year; NIM at 2.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.99%.
  • Funding: loans stand at 98.05% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.72%-132 bps YoY

Net Interest Margin (YTD, annualized)

2.01%-1 bps YoY

Efficiency Ratio (YTD, annualized)

125.82%+2,785 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets-0.40%-0.37%-0.09%-1.66%-1.72%-132 bps
Return on Equity-5.26%-4.81%-1.08%-20.59%-21.57%-1,631 bps
Net Interest Margin2.02%2.02%1.93%1.93%2.01%-1 bps
Efficiency Ratio97.96%96.49%101.06%128.93%125.82%+2,785 bps
Non-Interest Burden1.97%1.94%1.95%2.58%2.63%+66 bps
Growth
Asset Growth (YoY)-14.57%-11.68%-6.75%-14.38%-14.39%+19 bps
Loan Growth (YoY)-11.63%-12.25%-13.06%-15.74%-16.23%-460 bps
Deposit Growth (YoY)-18.61%-14.68%-8.07%-10.32%-10.00%+861 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.55%0.55%1.19%0.78%0.99%+44 bps
Allowance / Loans1.45%1.44%1.36%1.47%1.71%+26 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 Capital14.48%14.70%15.04%14.68%14.16%-32 bps
Equity / Assets7.83%8.06%8.15%7.90%7.64%-19 bps
Liquidity & Funding
Loans / Deposits105.33%104.79%97.94%99.75%98.05%-729 bps
Liquid Assets / Assets1.93%4.88%11.78%8.77%10.38%+845 bps
CRE / Total Capitaln/an/an/an/an/an/an/a