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First American Bank

Vincennes, IN · Cert 29630

FDIC

Q2 2006

$115.7MAssets
$77.5MLoans
$76.8MDeposits
$16.3MEquity
Loan mix
85%RE $44.1M15%C&I $8.0M0%Consumer $0.1MQ2 2005Q2 2006
Deposit mix
85%Interest-bearing $65.4M15%Noninterest $11.4MQ2 2005Q2 2006

NIM

5.08%Q2 ’045.13%Q2 ’055.87%Q2 ’06+20%+9%

Non-interest income vs. expense

3.06%Q2 ’043.17%Q2 ’053.37%Q2 ’06+295%-49%

Executive Summary

  • Earnings: ROA of 1.34%, up 100 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 100.89% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

1.34%+100 bps YoY

Net Interest Margin (quarter, annualized)

3.31%+26 bps YoY

Efficiency Ratio (quarter, annualized)

60.94%-1,943 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.34%1.15%0.96%0.97%1.34%+100 bps
Return on Equity2.83%9.12%7.50%7.74%10.17%+734 bps
Net Interest Margin3.05%3.14%3.11%3.24%3.31%+26 bps
Efficiency Ratio80.37%60.47%66.74%65.24%60.94%-1,943 bps
Non-Interest Burden2.27%1.06%1.49%1.57%1.15%-112 bps
Growth
Asset Growth (YoY)-8.02%-7.52%-3.67%0.39%-4.67%+335 bps
Loan Growth (YoY)-7.47%-5.00%-9.27%-9.68%-8.46%-99 bps
Deposit Growth (YoY)-0.64%-4.02%-2.00%4.92%2.33%+297 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.40%2.17%0.27%-0.05%0.21%-19 bps
Allowance / Loans2.19%1.87%1.95%2.08%2.00%-19 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 Capital16.68%17.33%17.89%18.19%19.31%+263 bps
Equity / Assets12.40%12.90%12.71%12.34%14.05%+165 bps
Liquidity & Funding
Loans / Deposits112.78%109.41%102.46%99.75%100.89%-1,189 bps
Liquid Assets / Assets0.72%1.03%0.30%0.18%0.57%-14 bps
CRE / Total Capitaln/an/an/an/an/an/an/a