PackageTrendsPeer
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Regional Bank

New Albany, IN · Cert 29664

FDIC

Q4 2004

$251.3MAssets
$158.5MLoans
$174.8MDeposits
$22.7MEquity
Loan mix
67%RE $66.1M33%C&I $32.5M0%Consumer $0.1MQ4 2003Q4 2004
Deposit mix
91%Interest-bearing $159.0M9%Noninterest $15.9MQ4 2003Q4 2004

NIM

5.75%Q4 ’025.06%Q4 ’034.77%Q4 ’04-10%+4%

Non-interest income vs. expense

1.85%Q4 ’021.91%Q4 ’031.92%Q4 ’04+0%+10%

Executive Summary

  • Earnings: ROA of 1.13%, down 3 bps year over year; NIM at 2.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 90.69% of deposits as of Q4 2004.

Financial Results

Return on Assets (YTD, annualized)

1.13%-3 bps YoY

Net Interest Margin (YTD, annualized)

2.82%+10 bps YoY

Efficiency Ratio (YTD, annualized)

53.10%+35 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.15%1.03%1.08%1.13%1.13%-3 bps
Return on Equity13.25%12.06%12.75%13.18%13.02%-23 bps
Net Interest Margin2.72%2.90%2.93%2.93%2.82%+10 bps
Efficiency Ratio52.75%55.57%54.88%53.34%53.10%+35 bps
Non-Interest Burden1.11%1.31%1.30%1.26%1.21%+11 bps
Growth
Asset Growth (YoY)10.93%3.51%7.93%6.47%-2.92%-1,384 bps
Loan Growth (YoY)2.04%4.00%9.75%8.02%3.73%+169 bps
Deposit Growth (YoY)12.57%-6.15%-5.18%7.45%-17.31%-2,987 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.09%0.12%0.09%0.10%+1 bps
Allowance / Loans1.09%1.05%0.98%0.99%0.99%-10 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 Capital11.20%11.67%11.02%11.09%11.64%+44 bps
Equity / Assets8.14%9.04%8.23%8.84%9.03%+89 bps
Liquidity & Funding
Loans / Deposits72.30%87.39%89.94%80.58%90.69%+1,839 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a