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Goshen Community Bank

Goshen, IN · Cert 57037

FDIC

Q4 2013

$86.4MAssets
$71.3MLoans
$77.9MDeposits
$8.2MEquity
Loan mix
81%RE $49.5M18%C&I $11.2M1%Consumer $0.3MQ4 2012Q4 2013
Deposit mix
80%Interest-bearing $62.3M20%Noninterest $15.6MQ4 2012Q4 2013

NIM

4.47%Q4 ’114.51%Q4 ’124.28%Q4 ’13+12%+0%

Non-interest income vs. expense

3.53%Q4 ’114.07%Q4 ’124.53%Q4 ’13+8%+19%

Executive Summary

  • Earnings: ROA of -0.66%, down 84 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.44%.
  • Funding: loans stand at 91.57% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.66%-84 bps YoY

Net Interest Margin (quarter, annualized)

3.92%+1 bps YoY

Efficiency Ratio (quarter, annualized)

116.87%+1,840 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.18%-0.06%0.38%-0.27%-0.66%-84 bps
Return on Equity2.16%-0.72%4.48%-3.09%-7.23%-939 bps
Net Interest Margin3.91%3.90%4.06%3.80%3.92%+1 bps
Efficiency Ratio98.48%101.64%91.12%107.37%116.87%+1,840 bps
Non-Interest Burden3.84%3.96%3.69%4.07%4.57%+73 bps
Growth
Asset Growth (YoY)-15.05%-8.10%-9.35%-8.08%-14.81%+24 bps
Loan Growth (YoY)-12.30%-7.26%-10.31%-10.10%-11.81%+49 bps
Deposit Growth (YoY)-16.41%-9.20%-10.47%-9.01%-16.00%+41 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%1.14%0.13%0.56%3.44%+340 bps
Allowance / Loans3.53%3.20%3.45%3.35%2.64%-89 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 Capital12.35%12.40%13.23%13.20%13.36%+100 bps
Equity / Assets8.23%8.19%8.70%8.81%9.52%+129 bps
Liquidity & Funding
Loans / Deposits87.23%87.80%85.38%86.38%91.57%+434 bps
Liquid Assets / Assets12.49%13.15%14.68%13.11%7.60%-489 bps
CRE / Total Capitaln/an/an/an/an/an/an/a