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Letter portraitLegal landscapeQuarterYTD

Bank of Godfrey, The

Godfrey, IL · Cert 34552

FDIC

Q3 2005

$58.3MAssets
$28.2MLoans
$51.8MDeposits
$5.7MEquity
Deposit mix
98%Interest-bearing $50.7M2%Noninterest $1.1MQ3 2004Q3 2005

NIM

2.06%Q3 ’034.00%Q3 ’044.04%Q3 ’05+136%-11%

Non-interest income vs. expense

1.21%Q3 ’032.58%Q3 ’041.62%Q3 ’05+101%-32%

Executive Summary

  • Earnings: ROA of 0.32%, up 39 bps year over year; NIM at 2.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 54.44% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.32%+39 bps YoY

Net Interest Margin (YTD, annualized)

2.14%-26 bps YoY

Efficiency Ratio (YTD, annualized)

71.57%-2,323 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets-0.08%0.02%0.48%0.36%0.32%+39 bps
Return on Equity-0.43%0.11%3.63%2.91%2.76%+319 bps
Net Interest Margin2.40%2.18%2.79%2.58%2.14%-26 bps
Efficiency Ratio94.80%87.68%72.03%69.13%71.57%-2,323 bps
Non-Interest Burden2.26%1.88%1.97%1.78%1.53%-73 bps
Growth
Asset Growth (YoY)17.27%40.74%40.39%67.74%70.06%+5,279 bps
Loan Growth (YoY)38.01%60.84%41.34%40.91%16.86%-2,115 bps
Deposit Growth (YoY)22.19%51.41%51.47%82.98%84.96%+6,277 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.17%-0.03%0.11%0.13%-10 bps
Allowance / Loans1.10%1.16%1.15%1.20%1.25%+15 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 Capital17.95%16.37%16.09%14.29%14.43%-352 bps
Equity / Assets16.31%13.19%13.33%10.58%9.79%-653 bps
Liquidity & Funding
Loans / Deposits86.17%73.32%76.62%61.78%54.44%-3,173 bps
Liquid Assets / Assets5.96%20.02%16.67%30.86%1.18%-478 bps
CRE / Total Capitaln/an/an/an/an/an/an/a