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Community Bank of Kentucky

Bardstown, KY · Cert 31626

FDIC

Q3 2003

$68.1MAssets
$55.9MLoans
$45.2MDeposits
$6.9MEquity
Loan mix
86%RE $31.8M14%C&I $5.3M0%Consumer $0.1MQ3 2002Q3 2003
Deposit mix
92%Interest-bearing $41.4M8%Noninterest $3.8MQ3 2002Q3 2003

NIM

7.31%Q3 ’015.90%Q3 ’025.22%Q3 ’03-11%-7%

Non-interest income vs. expense

2.39%Q3 ’012.57%Q3 ’022.86%Q3 ’03+12%+1%

Executive Summary

  • Earnings: ROA of 0.34%, down 31 bps year over year; NIM at 2.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 123.80% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

0.34%-31 bps YoY

Net Interest Margin (quarter, annualized)

2.61%-20 bps YoY

Efficiency Ratio (quarter, annualized)

86.64%+730 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.65%0.47%0.69%0.74%0.34%-31 bps
Return on Equity5.21%3.72%5.58%6.54%3.28%-193 bps
Net Interest Margin2.81%2.59%2.82%2.57%2.61%-20 bps
Efficiency Ratio79.34%79.77%67.08%67.95%86.64%+730 bps
Non-Interest Burden2.15%1.94%1.67%1.55%2.17%+3 bps
Growth
Asset Growth (YoY)6.61%-0.93%12.01%14.89%20.98%+1,437 bps
Loan Growth (YoY)12.39%13.28%24.05%20.75%26.49%+1,410 bps
Deposit Growth (YoY)11.52%-1.71%13.29%36.68%27.03%+1,551 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.11%0.00%0 bps
Allowance / Loans0.90%0.93%0.89%0.81%0.74%-16 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 Capital18.40%18.68%16.97%15.82%14.54%-386 bps
Equity / Assets12.45%12.90%11.77%10.83%10.13%-233 bps
Liquidity & Funding
Loans / Deposits124.33%129.51%133.68%115.78%123.80%-53 bps
Liquid Assets / Assets0.87%0.62%0.37%0.29%0.26%-61 bps
CRE / Total Capitaln/an/an/an/an/an/an/a