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River Valley Bank

Russellville, AR · Cert 34479

FDIC

Q1 2003

$53.9MAssets
$44.0MLoans
$49.1MDeposits
$3.9MEquity
Deposit mix
87%Interest-bearing $42.8M13%Noninterest $6.2MQ1 2002Q1 2003

NIM

8.26%Q1 ’017.01%Q1 ’026.51%Q1 ’03+13%+4%

Non-interest income vs. expense

3.31%Q1 ’013.19%Q1 ’023.34%Q1 ’03+6%-7%

Executive Summary

  • Earnings: ROA of 1.05%, up 26 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 89.58% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

1.05%+26 bps YoY

Net Interest Margin (YTD, annualized)

4.09%+15 bps YoY

Efficiency Ratio (YTD, annualized)

62.45%-288 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.79%0.80%0.88%0.96%1.05%+26 bps
Return on Equity11.34%11.50%12.63%13.59%14.50%+316 bps
Net Interest Margin3.95%4.10%4.11%4.18%4.09%+15 bps
Efficiency Ratio65.33%64.13%62.70%61.78%62.45%-288 bps
Non-Interest Burden2.25%2.29%2.21%2.19%2.08%-17 bps
Growth
Asset Growth (YoY)9.29%14.26%12.39%11.22%9.50%+21 bps
Loan Growth (YoY)17.82%17.71%15.02%9.93%3.98%-1,383 bps
Deposit Growth (YoY)9.51%14.29%12.53%10.84%9.32%-19 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.16%0.35%0.31%0.12%+9 bps
Allowance / Loans1.18%1.29%1.24%1.27%1.36%+18 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 Capital10.53%10.35%10.59%10.97%11.22%+69 bps
Equity / Assets6.95%6.97%7.18%7.14%7.28%+33 bps
Liquidity & Funding
Loans / Deposits94.19%95.68%95.82%91.43%89.58%-460 bps
Liquid Assets / Assets0.02%0.01%0.03%0.03%0.02%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a