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Classic Bank Corporation

Ashland, KY · Cert 29884

FDIC

Q1 2005

$333.2MAssets
$256.0MLoans
$240.6MDeposits
$36.6MEquity
Loan mix
71%RE $124.4M29%C&I $50.7M0%Consumer $0.8MQ1 2004Q1 2005
Deposit mix
85%Interest-bearing $205.3M15%Noninterest $35.3MQ1 2004Q1 2005

NIM

5.88%Q1 ’035.41%Q1 ’045.50%Q1 ’05-2%+0%

Non-interest income vs. expense

2.73%Q1 ’032.73%Q1 ’042.63%Q1 ’05+3%-7%

Executive Summary

  • Earnings: ROA of 1.15%, down 6 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.46%.
  • Funding: loans stand at 106.44% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

1.15%-6 bps YoY

Net Interest Margin (YTD, annualized)

3.82%0 bps YoY

Efficiency Ratio (YTD, annualized)

57.44%-272 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.22%1.28%1.29%1.25%1.15%-6 bps
Return on Equity12.59%13.11%13.06%12.52%10.78%-181 bps
Net Interest Margin3.81%3.84%3.84%3.81%3.82%0 bps
Efficiency Ratio60.16%56.97%56.17%56.89%57.44%-272 bps
Non-Interest Burden2.06%1.92%1.87%1.88%1.92%-14 bps
Growth
Asset Growth (YoY)36.77%2.22%2.19%1.11%-2.24%-3,902 bps
Loan Growth (YoY)37.28%5.71%3.09%3.31%-1.40%-3,868 bps
Deposit Growth (YoY)36.83%3.58%-7.33%-4.79%-7.57%-4,440 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.18%0.16%0.19%0.46%+33 bps
Allowance / Loans0.85%0.85%0.86%0.85%0.85%-1 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 Capital10.95%11.60%12.05%12.14%13.03%+208 bps
Equity / Assets9.84%9.90%10.37%10.45%10.99%+116 bps
Liquidity & Funding
Loans / Deposits99.78%99.97%107.32%108.84%106.44%+666 bps
Liquid Assets / Assets0.12%0.07%0.03%0.21%0.02%-9 bps
CRE / Total Capitaln/an/an/an/an/an/an/a