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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

5.97%Q4 ’056.67%Q4 ’066.31%Q4 ’07-4%-2%

Non-interest income vs. expense

3.38%Q4 ’052.81%Q4 ’066.56%Q4 ’07-4%+243%

Executive Summary

  • Earnings: ROA of -3.98%, down 527 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.17%.
  • Funding: loans stand at 98.90% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

-3.98%-527 bps YoY

Net Interest Margin (quarter, annualized)

3.58%-8 bps YoY

Efficiency Ratio (quarter, annualized)

139.86%+8,258 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.29%1.32%0.91%1.02%-3.98%-527 bps
Return on Equity13.32%13.50%9.36%10.44%-42.12%-5,544 bps
Net Interest Margin3.66%3.73%3.63%3.63%3.58%-8 bps
Efficiency Ratio57.28%56.95%64.50%63.10%139.86%+8,258 bps
Non-Interest Burden1.59%1.60%2.10%1.89%5.46%+387 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 / Loans1.06%0.26%0.26%1.26%4.17%+310 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