PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Peoples National Bank

Washington, IN · Cert 4417

FDIC

Q2 2006

$195.4MAssets
$125.4MLoans
$157.5MDeposits
$15.3MEquity
Loan mix
69%RE $47.2M31%C&I $21.2M0%Consumer $0.0MQ2 2005Q2 2006
Deposit mix
83%Interest-bearing $131.4M17%Noninterest $26.1MQ2 2005Q2 2006

NIM

5.26%Q2 ’045.34%Q2 ’055.82%Q2 ’06-4%-9%

Non-interest income vs. expense

1.95%Q2 ’041.97%Q2 ’051.96%Q2 ’06+4%-1%

Executive Summary

  • Earnings: ROA of 1.37%, down 20 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 79.62% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

1.37%-20 bps YoY

Net Interest Margin (quarter, annualized)

3.32%-31 bps YoY

Efficiency Ratio (quarter, annualized)

49.51%+333 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.57%1.38%1.63%1.56%1.37%-20 bps
Return on Equity17.89%16.82%20.18%19.42%17.32%-57 bps
Net Interest Margin3.63%3.43%3.43%3.56%3.32%-31 bps
Efficiency Ratio46.18%48.36%51.49%46.00%49.51%+333 bps
Non-Interest Burden1.33%1.35%1.45%1.27%1.33%-1 bps
Growth
Asset Growth (YoY)-1.90%-0.21%0.78%4.14%4.49%+640 bps
Loan Growth (YoY)-1.81%0.49%3.30%1.21%4.67%+648 bps
Deposit Growth (YoY)-4.34%-6.95%-4.31%1.88%8.26%+1,259 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.17%0.43%0.87%0.36%0.00%+17 bps
Allowance / Loans1.32%1.22%0.83%0.79%0.78%-54 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 Capital12.03%11.57%11.47%11.71%11.24%-79 bps
Equity / Assets8.34%8.09%8.10%7.98%7.83%-51 bps
Liquidity & Funding
Loans / Deposits82.35%85.08%79.75%76.69%79.62%-273 bps
Liquid Assets / Assets1.77%1.85%1.90%1.11%0.93%-84 bps
CRE / Total Capitaln/an/an/an/an/an/an/a