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St. Joseph Capital Bank

Mishawaka, IN · Cert 34324

FDIC

Q4 2006

$492.9MAssets
$337.9MLoans
$393.4MDeposits
$37.7MEquity
Loan mix
59%RE $116.3M39%C&I $77.3M1%Consumer $2.3MQ4 2005Q4 2006
Deposit mix
93%Interest-bearing $366.5M7%Noninterest $26.9MQ4 2005Q4 2006

NIM

4.13%Q4 ’044.94%Q4 ’055.70%Q4 ’06-8%-18%

Non-interest income vs. expense

1.63%Q4 ’041.45%Q4 ’051.50%Q4 ’06-9%-2%

Executive Summary

  • Earnings: ROA of 0.58%, down 29 bps year over year; NIM at 2.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 85.90% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

0.58%-29 bps YoY

Net Interest Margin (YTD, annualized)

2.02%-45 bps YoY

Efficiency Ratio (YTD, annualized)

67.26%+1,138 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.86%0.56%0.59%0.64%0.58%-29 bps
Return on Equity11.60%7.49%8.00%8.51%7.66%-394 bps
Net Interest Margin2.47%2.23%2.10%2.05%2.02%-45 bps
Efficiency Ratio55.88%68.46%65.39%65.69%67.26%+1,138 bps
Non-Interest Burden1.32%1.46%1.30%1.27%1.29%-3 bps
Growth
Asset Growth (YoY)20.46%11.78%10.10%5.86%2.92%-1,754 bps
Loan Growth (YoY)20.11%19.31%13.17%8.20%-0.23%-2,034 bps
Deposit Growth (YoY)9.89%1.08%13.56%13.88%14.05%+416 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%0.03%0.02%+2 bps
Allowance / Loans1.06%1.03%1.02%0.89%0.94%-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 Capital11.17%11.20%11.28%11.45%12.03%+85 bps
Equity / Assets7.26%7.70%7.22%7.82%7.65%+38 bps
Liquidity & Funding
Loans / Deposits98.20%104.35%92.55%94.01%85.90%-1,230 bps
Liquid Assets / Assets0.11%0.08%0.10%0.22%0.14%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a