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First Community Bank & Trust

Bargersville, IN · Cert 29596

FDIC

Q3 2004

$159.5MAssets
$107.6MLoans
$118.2MDeposits
$28.4MEquity
Loan mix
55%RE $31.1M43%C&I $24.5M2%Consumer $0.9MQ3 2003Q3 2004
Deposit mix
85%Interest-bearing $100.8M15%Noninterest $17.4MQ3 2003Q3 2004

NIM

6.73%Q3 ’024.81%Q3 ’035.01%Q3 ’04-9%+2%

Non-interest income vs. expense

3.65%Q3 ’023.50%Q3 ’033.75%Q3 ’04-8%+17%

Executive Summary

  • Earnings: ROA of 0.71%, down 17 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.46%.
  • Funding: loans stand at 91.01% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

0.71%-17 bps YoY

Net Interest Margin (quarter, annualized)

3.96%+6 bps YoY

Efficiency Ratio (quarter, annualized)

72.92%+612 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.88%0.27%0.64%0.61%0.71%-17 bps
Return on Equity5.43%1.56%3.78%3.55%4.06%-137 bps
Net Interest Margin3.90%3.65%3.61%3.78%3.96%+6 bps
Efficiency Ratio66.80%77.42%77.16%75.97%72.92%+612 bps
Non-Interest Burden2.28%2.70%2.64%2.70%2.68%+39 bps
Growth
Asset Growth (YoY)4.36%17.47%16.13%0.73%3.82%-54 bps
Loan Growth (YoY)-10.70%-6.58%-4.38%-4.50%-6.41%+429 bps
Deposit Growth (YoY)-7.88%3.73%4.92%-5.55%5.58%+1,346 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.61%0.35%-0.02%1.85%0.46%-15 bps
Allowance / Loans1.68%1.78%1.83%1.46%1.46%-23 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 Capital11.18%11.13%11.69%11.60%12.11%+93 bps
Equity / Assets17.67%16.66%17.42%17.07%17.80%+12 bps
Liquidity & Funding
Loans / Deposits102.66%94.31%92.77%95.83%91.01%-1,165 bps
Liquid Assets / Assets1.30%3.01%1.68%0.10%0.15%-115 bps
CRE / Total Capitaln/an/an/an/an/an/an/a