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Letter portraitLegal landscapeQuarterYTD

First Indiana Bank, National Association

Indianapolis, IN · Cert 29057

FDIC

Q4 2007

$2.1BAssets
$1.6BLoans
$1.6BDeposits
$188.7MEquity
Loan mix
71%RE $987.4M29%C&I $397.0M1%Consumer $8.2MQ4 2006Q4 2007
Deposit mix
86%Interest-bearing $1.4B14%Noninterest $0.2BQ4 2006Q4 2007

NIM

5.49%Q4 ’056.31%Q4 ’066.68%Q4 ’07-3%+2%

Non-interest income vs. expense

3.48%Q4 ’053.10%Q4 ’063.86%Q4 ’07-37%+151%

Executive Summary

  • Earnings: ROA of -0.16%, down 180 bps year over year; NIM at 3.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.53%.
  • Funding: loans stand at 98.90% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

-0.16%-180 bps YoY

Net Interest Margin (YTD, annualized)

3.70%+8 bps YoY

Efficiency Ratio (YTD, annualized)

80.65%+2,569 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.64%1.32%1.11%1.09%-0.16%-180 bps
Return on Equity16.15%13.50%11.40%11.11%-1.67%-1,782 bps
Net Interest Margin3.62%3.73%3.66%3.64%3.70%+8 bps
Efficiency Ratio54.95%56.95%60.49%61.38%80.65%+2,569 bps
Non-Interest Burden1.11%1.60%1.84%1.85%2.79%+168 bps
Growth
Asset Growth (YoY)9.94%4.28%6.37%-2.01%-2.09%-1,203 bps
Loan Growth (YoY)8.07%6.76%2.99%1.04%-7.84%-1,591 bps
Deposit Growth (YoY)11.19%5.98%5.60%-6.21%-2.13%-1,332 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.42%0.26%0.26%0.59%1.53%+111 bps
Allowance / Loans1.80%1.75%1.65%1.34%2.06%+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 Capital11.99%11.43%11.17%10.77%10.21%-179 bps
Equity / Assets9.66%9.86%9.64%9.95%8.93%-73 bps
Liquidity & Funding
Loans / Deposits105.03%104.81%102.50%108.92%98.90%-613 bps
Liquid Assets / Assets0.29%0.12%0.10%0.12%0.02%-27 bps
CRE / Total Capitaln/an/an/an/an/an/an/a