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Stone City Bank of Bedford, Indiana

Bedford, IN · Cert 4386

FDIC

Q2 2006

$68.0MAssets
$46.8MLoans
$48.0MDeposits
$11.7MEquity
Loan mix
66%RE $16.5M34%C&I $8.6M0%Consumer $0.1MQ2 2005Q2 2006
Deposit mix
82%Interest-bearing $39.5M18%Noninterest $8.5MQ2 2005Q2 2006

NIM

5.31%Q2 ’045.70%Q2 ’056.20%Q2 ’06+5%-2%

Non-interest income vs. expense

4.47%Q2 ’044.31%Q2 ’053.55%Q2 ’06-2%-14%

Executive Summary

  • Earnings: ROA of 0.18%, down 69 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.60%.
  • Funding: loans stand at 97.55% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

0.18%-69 bps YoY

Net Interest Margin (quarter, annualized)

4.18%-9 bps YoY

Efficiency Ratio (quarter, annualized)

69.24%-1,396 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.87%0.40%-1.60%0.66%0.18%-69 bps
Return on Equity9.94%4.66%-19.83%5.58%1.08%-887 bps
Net Interest Margin4.28%3.99%4.22%4.54%4.18%-9 bps
Efficiency Ratio83.20%88.05%101.62%72.12%69.24%-1,396 bps
Non-Interest Burden3.41%3.40%4.31%3.36%2.93%-48 bps
Growth
Asset Growth (YoY)2.21%3.02%1.38%18.12%14.47%+1,226 bps
Loan Growth (YoY)4.46%6.29%13.62%10.68%6.06%+159 bps
Deposit Growth (YoY)-1.33%0.14%1.64%9.02%4.37%+570 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%0.03%0.61%0.13%1.60%+124 bps
Allowance / Loans1.08%1.09%1.37%1.04%1.06%-2 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 Capital12.26%11.80%10.80%8.42%11.38%-88 bps
Equity / Assets8.68%8.45%7.68%15.41%17.24%+856 bps
Liquidity & Funding
Loans / Deposits95.99%97.47%100.48%96.45%97.55%+156 bps
Liquid Assets / Assets0.34%0.33%0.33%0.29%1.48%+115 bps
CRE / Total Capitaln/an/an/an/an/an/an/a