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Prospect Bank

Columbus, OH · Cert 35184

FDIC

Q3 2004

$210.9MAssets
$202.5MLoans
$176.3MDeposits
$16.6MEquity
Loan mix
91%RE $137.2M9%C&I $14.3M0%Consumer $0.0MQ3 2003Q3 2004
Deposit mix
92%Interest-bearing $162.7M8%Noninterest $13.6MQ3 2003Q3 2004

NIM

5.61%Q3 ’025.41%Q3 ’035.30%Q3 ’04-1%-5%

Non-interest income vs. expense

2.20%Q3 ’022.06%Q3 ’032.04%Q3 ’04-10%+8%

Executive Summary

  • Earnings: ROA of 0.98%, down 3 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 114.83% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

0.98%-3 bps YoY

Net Interest Margin (YTD, annualized)

3.30%-17 bps YoY

Efficiency Ratio (YTD, annualized)

57.13%+412 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.01%1.02%0.99%0.94%0.98%-3 bps
Return on Equity13.50%13.63%13.39%12.47%12.75%-74 bps
Net Interest Margin3.46%3.36%3.37%3.23%3.30%-17 bps
Efficiency Ratio53.00%53.07%58.64%58.71%57.13%+412 bps
Non-Interest Burden1.64%1.61%1.88%1.79%1.77%+13 bps
Growth
Asset Growth (YoY)45.90%33.39%24.28%21.25%19.44%-2,646 bps
Loan Growth (YoY)68.26%40.17%34.76%28.36%20.46%-4,780 bps
Deposit Growth (YoY)42.28%26.79%24.52%20.66%18.43%-2,385 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.02%0.00%0.00%0.00%-3 bps
Allowance / Loans1.10%1.10%1.09%1.07%1.06%-5 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 Capital10.67%10.65%10.36%10.86%10.57%-11 bps
Equity / Assets7.74%7.56%7.21%7.94%7.87%+13 bps
Liquidity & Funding
Loans / Deposits112.90%113.40%98.41%105.28%114.83%+193 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a