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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

5.51%Q4 ’025.05%Q4 ’034.91%Q4 ’04+1%+0%

Non-interest income vs. expense

1.60%Q4 ’021.78%Q4 ’031.87%Q4 ’04+44%+23%

Executive Summary

  • Earnings: ROA of 1.12%, down 16 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 90.69% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

1.12%-16 bps YoY

Net Interest Margin (quarter, annualized)

2.85%+1 bps YoY

Efficiency Ratio (quarter, annualized)

52.33%+434 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets1.28%1.03%1.14%1.22%1.12%-16 bps
Return on Equity15.29%12.06%13.23%14.35%12.59%-270 bps
Net Interest Margin2.84%2.90%2.99%3.06%2.85%+1 bps
Efficiency Ratio47.99%55.57%54.23%50.40%52.33%+434 bps
Non-Interest Burden1.01%1.31%1.31%1.22%1.23%+23 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 / Loans0.21%0.09%0.16%0.02%0.11%-10 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