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Madison Bank & Trust Company, The

Madison, IN · Cert 4399

FDIC

Q2 2005

$215.7MAssets
$37.9MLoans
$170.7MDeposits
$27.7MEquity
Loan mix
90%RE $23.8M10%C&I $2.5M1%Consumer $0.2MQ3 2003Q2 2005
Deposit mix
87%Interest-bearing $147.7M13%Noninterest $23.0MQ3 2003Q2 2005

Executive Summary

  • Earnings: ROA of 0.73%, up 101 bps year over year; NIM at 1.60%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.71%.
  • Funding: loans stand at 22.19% of deposits as of Q2 2005.

Return on Assets (YTD, annualized)

0.73%+101 bps YoY

Net Interest Margin (YTD, annualized)

1.60%+100 bps YoY

Efficiency Ratio (YTD, annualized)

129.35%+177 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

2.13%Q2 ’031.60%Q2 ’043.17%Q2 ’05-33%+168%

Non-interest income vs. expense

1.13%Q2 ’031.63%Q2 ’042.90%Q2 ’05+129%+138%

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.21%0.22%-0.26%-0.28%-0.09%0.04%0.02%0.73%+101 bps
Return on Equity1.60%1.64%-1.99%-2.17%-0.71%0.35%0.13%5.76%+793 bps
Net Interest Margin0.86%0.81%0.62%0.60%0.94%1.13%1.55%1.60%+100 bps
Efficiency Ratio74.53%74.28%131.67%127.58%100.04%85.61%96.53%129.35%+177 bps
Non-Interest Burden0.45%0.40%1.03%0.95%0.95%0.86%1.47%2.26%+131 bps
Growth
Asset Growth (YoY)2.67%0.22%2.21%4.42%4.71%8.20%3.85%2.46%-196 bps
Loan Growth (YoY)-29.21%-31.79%-29.52%-24.98%-20.63%-18.87%-15.16%59.14%+8,412 bps
Deposit Growth (YoY)-0.88%0.32%-1.77%0.55%11.86%13.57%12.21%10.97%+1,043 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.56%0.53%-0.10%0.56%1.14%1.83%0.00%-0.71%-128 bps
Allowance / Loans7.32%8.11%8.59%8.87%9.22%9.99%10.12%0.90%-797 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital44.74%47.38%46.81%46.21%45.67%46.85%47.96%41.42%-479 bps
Equity / Assets13.04%13.42%12.99%12.59%12.45%12.45%12.62%12.83%+24 bps
Liquidity & Funding
Loans / Deposits19.77%17.70%16.47%15.47%14.03%12.64%12.45%22.19%+672 bps
Liquid Assets / Assets61.60%63.86%62.95%62.95%65.60%70.82%74.59%67.46%+451 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a