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Sycamore National Bank, The

Cincinnati, OH · Cert 31032

FDIC

Q3 2007

$49.1MAssets
$44.6MLoans
$44.2MDeposits
$4.6MEquity
Deposit mix
92%Interest-bearing $40.5M8%Noninterest $3.8MQ3 2006Q3 2007

NIM

7.29%Q3 ’057.96%Q3 ’067.87%Q3 ’07+2%-9%

Non-interest income vs. expense

4.07%Q3 ’054.29%Q3 ’064.38%Q3 ’07+6%+4%

Executive Summary

  • Earnings: ROA of 0.33%, down 42 bps year over year; NIM at 4.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.66%.
  • Funding: loans stand at 100.76% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

0.33%-42 bps YoY

Net Interest Margin (quarter, annualized)

4.83%-50 bps YoY

Efficiency Ratio (quarter, annualized)

83.67%+968 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.74%0.59%0.45%0.40%0.33%-42 bps
Return on Equity8.27%6.50%4.90%4.31%3.49%-478 bps
Net Interest Margin5.34%5.07%4.78%4.88%4.83%-50 bps
Efficiency Ratio73.99%76.66%79.55%81.51%83.67%+968 bps
Non-Interest Burden3.83%3.81%3.73%3.90%3.98%+15 bps
Growth
Asset Growth (YoY)0.93%1.50%-0.42%1.14%0.83%-10 bps
Loan Growth (YoY)0.27%-2.31%1.20%7.87%7.66%+739 bps
Deposit Growth (YoY)0.54%1.14%-1.07%0.71%0.47%-7 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.73%0.51%0.12%0.45%0.66%-8 bps
Allowance / Loans1.48%1.49%1.51%1.45%1.36%-12 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 Capital11.55%11.79%11.68%11.57%11.47%-8 bps
Equity / Assets9.04%9.07%9.17%9.41%9.39%+35 bps
Liquidity & Funding
Loans / Deposits94.03%91.62%94.94%99.89%100.76%+673 bps
Liquid Assets / Assets0.03%0.05%0.04%0.02%0.02%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a