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United Commerce Bank

Bloomington, IN · Cert 35306

FDIC

Q3 2013

$120.2MAssets
$83.6MLoans
$106.5MDeposits
$13.6MEquity
Loan mix
87%RE $63.0M13%C&I $9.0M0%Consumer $0.3MQ3 2012Q3 2013
Deposit mix
74%Interest-bearing $79.3M26%Noninterest $27.2MQ3 2012Q3 2013

NIM

4.38%Q3 ’114.19%Q3 ’123.72%Q3 ’13+5%+1%

Non-interest income vs. expense

2.78%Q3 ’112.99%Q3 ’124.81%Q3 ’13+7%+75%

Executive Summary

  • Earnings: ROA of -0.63%, down 111 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.16%.
  • Funding: loans stand at 78.55% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.63%-111 bps YoY

Net Interest Margin (quarter, annualized)

3.47%+2 bps YoY

Efficiency Ratio (quarter, annualized)

119.12%+4,458 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.48%0.67%0.49%0.65%-0.63%-111 bps
Return on Equity4.83%6.43%4.51%5.95%-5.68%-1,051 bps
Net Interest Margin3.45%3.69%3.62%3.71%3.47%+2 bps
Efficiency Ratio74.54%64.10%80.21%75.80%119.12%+4,458 bps
Non-Interest Burden2.43%2.12%2.82%2.70%4.24%+182 bps
Growth
Asset Growth (YoY)-20.04%-15.56%-9.87%-9.93%-13.88%+616 bps
Loan Growth (YoY)-22.34%-21.59%-22.23%-20.92%-21.36%+98 bps
Deposit Growth (YoY)-21.35%-17.59%-11.46%-10.95%-14.97%+637 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.26%7.81%-0.07%0.13%-0.16%-141 bps
Allowance / Loans3.53%2.04%2.16%2.22%2.41%-112 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 Capital15.88%17.59%18.73%19.76%20.24%+436 bps
Equity / Assets10.10%10.88%10.92%10.93%11.35%+126 bps
Liquidity & Funding
Loans / Deposits84.93%83.89%79.50%78.54%78.55%-638 bps
Liquid Assets / Assets6.01%7.27%11.06%6.61%6.12%+11 bps
CRE / Total Capitaln/an/an/an/an/an/an/a