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Commonwealth Bank and Trust Company

Louisville, KY · Cert 33243

FDIC

Q1 2002

$293.3MAssets
$235.6MLoans
$197.6MDeposits
$23.0MEquity
Loan mix
86%RE $124.0M13%C&I $18.3M1%Consumer $2.0MQ1 2001Q1 2002
Deposit mix
87%Interest-bearing $172.1M13%Noninterest $25.5MQ1 2001Q1 2002

NIM

7.84%Q1 ’015.89%Q1 ’02+7%

Non-interest income vs. expense

3.94%Q1 ’013.86%Q1 ’02-1%

Executive Summary

  • Earnings: ROA of 0.93%, down 3 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
  • Funding: loans stand at 119.24% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.93%-3 bps YoY

Net Interest Margin (quarter, annualized)

3.65%+23 bps YoY

Efficiency Ratio (quarter, annualized)

68.08%-363 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets0.96%0.75%1.02%1.49%0.93%-3 bps
Return on Equityn/a9.69%12.61%18.86%12.17%n/a
Net Interest Margin3.42%3.24%3.57%3.76%3.65%+23 bps
Efficiency Ratio71.72%74.76%69.18%67.40%68.08%-363 bps
Non-Interest Burden1.87%1.87%1.82%1.68%1.85%-2 bps
Growth
Asset Growth (YoY)12.02%2.43%1.82%12.74%3.31%-870 bps
Loan Growth (YoY)15.62%9.52%7.66%19.03%10.28%-534 bps
Deposit Growth (YoY)12.97%5.97%13.92%8.40%-3.17%-1,614 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.65%0.06%0.36%0.22%+12 bps
Allowance / Loans1.07%1.00%1.05%0.95%1.03%-3 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 Capital11.16%11.21%11.13%10.49%10.68%-48 bps
Equity / Assets7.66%7.90%8.27%7.53%7.84%+18 bps
Liquidity & Funding
Loans / Deposits104.70%112.57%108.21%112.85%119.24%+1,454 bps
Liquid Assets / Assets0.20%0.24%0.24%0.21%0.19%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a