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Hometown National Bank

New Albany, IN · Cert 34236

FDIC

Q4 2002

$86.2MAssets
$62.3MLoans
$78.5MDeposits
$7.4MEquity
Loan mix
37%RE $18.0M63%C&I $30.9M0%Consumer $0.1MQ4 2001Q4 2002
Deposit mix
95%Interest-bearing $74.4M5%Noninterest $4.1MQ4 2001Q4 2002

NIM

7.47%Q1 ’016.15%Q4 ’015.64%Q4 ’02+2%+24%

Non-interest income vs. expense

2.33%Q1 ’012.19%Q4 ’012.31%Q4 ’02+15%+9%

Executive Summary

  • Earnings: ROA of 0.23%, down 28 bps year over year; NIM at 2.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.06%.
  • Funding: loans stand at 79.44% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.23%-28 bps YoY

Net Interest Margin (quarter, annualized)

2.99%+57 bps YoY

Efficiency Ratio (quarter, annualized)

64.88%-792 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.51%0.49%0.66%0.51%0.23%-28 bps
Return on Equity6.61%6.00%7.79%5.85%2.59%-402 bps
Net Interest Margin2.42%2.46%3.15%3.34%2.99%+57 bps
Efficiency Ratio72.80%67.99%57.39%52.54%64.88%-792 bps
Non-Interest Burden1.60%1.55%1.59%1.42%1.74%+14 bps
Growth
Asset Growth (YoY)1.85%6.47%-1.50%4.16%-1.75%-360 bps
Loan Growth (YoY)14.71%14.62%5.91%8.53%9.65%-506 bps
Deposit Growth (YoY)0.37%5.32%-3.45%2.69%-2.29%-266 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.39%0.04%0.24%1.27%1.06%+67 bps
Allowance / Loans0.81%0.82%0.90%0.84%0.95%+14 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 Capital12.18%12.12%12.60%12.24%12.64%+46 bps
Equity / Assets8.00%8.17%8.82%8.72%8.63%+63 bps
Liquidity & Funding
Loans / Deposits70.79%73.48%79.28%84.17%79.44%+865 bps
Liquid Assets / Assets4.67%9.19%8.19%2.95%1.68%-298 bps
CRE / Total Capitaln/an/an/an/an/an/an/a