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Elkhart Community Bank

Elkhart, IN · Cert 35270

FDIC

Q4 2009

$94.2MAssets
$71.5MLoans
$86.9MDeposits
$5.9MEquity
Loan mix
75%RE $49.2M25%C&I $16.1M0%Consumer $0.0MQ4 2008Q4 2009
Deposit mix
95%Interest-bearing $82.2M5%Noninterest $4.7MQ4 2008Q4 2009

NIM

7.48%Q4 ’075.63%Q4 ’084.66%Q4 ’09-30%-9%

Non-interest income vs. expense

2.41%Q4 ’071.68%Q4 ’082.60%Q4 ’09-22%+75%

Executive Summary

  • Earnings: ROA of -3.56%, down 360 bps year over year; NIM at 2.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.04%.
  • Funding: loans stand at 82.30% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

-3.56%-360 bps YoY

Net Interest Margin (YTD, annualized)

2.48%-25 bps YoY

Efficiency Ratio (YTD, annualized)

108.68%+5,028 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.04%-1.69%-1.95%-3.97%-3.56%-360 bps
Return on Equity0.44%-19.90%-24.79%-52.77%-48.88%-4,932 bps
Net Interest Margin2.73%2.02%2.11%2.28%2.48%-25 bps
Efficiency Ratio58.40%99.04%96.10%101.66%108.68%+5,028 bps
Non-Interest Burden1.53%2.00%2.02%2.32%2.69%+116 bps
Growth
Asset Growth (YoY)11.60%5.81%19.34%-0.12%-5.76%-1,735 bps
Loan Growth (YoY)5.33%-2.87%-9.65%-14.31%-18.97%-2,430 bps
Deposit Growth (YoY)13.82%9.87%27.56%3.38%-2.89%-1,672 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.77%1.28%0.96%3.12%4.04%+327 bps
Allowance / Loans1.93%2.50%3.72%3.55%3.31%+138 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 Capital10.08%10.32%9.83%8.17%8.22%-186 bps
Equity / Assets8.62%8.40%6.73%6.42%6.22%-240 bps
Liquidity & Funding
Loans / Deposits98.62%98.48%80.00%87.17%82.30%-1,633 bps
Liquid Assets / Assets4.19%7.35%22.43%16.87%20.40%+1,620 bps
CRE / Total Capitaln/an/an/an/an/an/an/a