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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

4.73%Q4 ’045.47%Q4 ’055.86%Q4 ’06-14%-23%

Non-interest income vs. expense

1.70%Q4 ’041.41%Q4 ’051.53%Q4 ’06-11%+3%

Executive Summary

  • Earnings: ROA of 0.40%, down 43 bps year over year; NIM at 1.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 85.90% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

0.40%-43 bps YoY

Net Interest Margin (quarter, annualized)

1.92%-58 bps YoY

Efficiency Ratio (quarter, annualized)

72.31%+1,837 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.83%0.56%0.63%0.72%0.40%-43 bps
Return on Equity11.20%7.49%8.49%9.60%5.21%-599 bps
Net Interest Margin2.49%2.23%2.03%1.99%1.92%-58 bps
Efficiency Ratio53.94%68.46%62.16%66.33%72.31%+1,837 bps
Non-Interest Burden1.29%1.46%1.17%1.25%1.33%+4 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%0.09%0.00%0 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