South Central Bank of Daviess County, Inc.

Owensboro, KY · Cert 33963

FDIC · 4 branches

Q4 2014

$205.4MAssets

$92.2MLoans

$151.6MDeposits

$16.4MEquity

Loan mix

Deposit mix

NIM

Market Position · Owensboro, KY · 2014 SOD (annual) · 5.5% share · #6 of 15 inst. · $0.2B of $2.8B

Earnings: ROA of 0.32%, up 8 bps year over year; NIM at 2.94%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
Funding: loans stand at 60.81% of deposits as of Q4 2014.

Return on Assets (quarter, annualized)

0.32%+8 bps YoY

Net Interest Margin (quarter, annualized)

2.94%+2 bps YoY

Efficiency Ratio (quarter, annualized)

87.84%-416 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2013	Q1 2014	Q2 2014	Q3 2014	Q4 2014	YoY Δ	Trend
Earnings
Return on Assets	0.24%	0.42%	0.40%	0.62%	0.32%	+8 bps
Return on Equity	2.91%	5.09%	4.43%	6.84%	3.70%	+80 bps
Net Interest Margin	2.92%	3.11%	3.11%	3.07%	2.94%	+2 bps
Efficiency Ratio	92.00%	85.10%	86.05%	78.01%	87.84%	-416 bps
Non-Interest Burden	2.62%	2.52%	2.57%	2.20%	2.51%	-11 bps
Growth
Asset Growth (YoY)	-2.96%	-3.09%	-1.36%	-1.51%	2.34%	+530 bps
Loan Growth (YoY)	-2.30%	-0.93%	-1.80%	-4.22%	-0.88%	+142 bps
Deposit Growth (YoY)	-2.14%	-4.13%	-1.97%	-1.31%	1.19%	+333 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.20%	-0.01%	-0.06%	0.35%	0.22%	+2 bps
Allowance / Loans	1.97%	1.99%	2.02%	1.96%	1.86%	-11 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	17.33%	18.20%	18.32%	18.64%	17.91%	+59 bps
Equity / Assets	7.57%	8.87%	9.00%	9.27%	8.00%	+43 bps
Liquidity & Funding
Loans / Deposits	62.09%	60.44%	59.45%	59.35%	60.81%	-127 bps
Liquid Assets / Assets	24.40%	16.19%	14.34%	12.44%	22.95%	-145 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a