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Boone National Bank

Burlington, KY · Cert 57090

FDIC

Q3 2007

$59.6MAssets
$46.8MLoans
$51.3MDeposits
$5.3MEquity
Loan mix
90%RE $11.3M10%C&I $1.2M0%Consumer $0.0MQ4 2005Q3 2007
Deposit mix
76%Interest-bearing $39.2M24%Noninterest $12.1MQ4 2005Q3 2007

Executive Summary

  • Earnings: ROA of -0.72%, down 46 bps year over year; NIM at 2.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 91.23% of deposits as of Q3 2007.

Return on Assets (YTD, annualized)

-0.72%-46 bps YoY

Net Interest Margin (YTD, annualized)

2.80%-1 bps YoY

Efficiency Ratio (YTD, annualized)

113.67%+1,403 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.11%Q3 ’055.98%Q3 ’066.23%Q3 ’07-8%-1%

Non-interest income vs. expense

5.23%Q3 ’053.90%Q3 ’064.18%Q3 ’07-35%+18%

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets-1.53%-0.25%-0.28%-0.26%-0.34%-1.09%-0.75%-0.72%-46 bps
Return on Equity-15.87%-2.37%-2.65%-2.56%-3.54%-12.00%-8.12%-7.85%-529 bps
Net Interest Margin2.97%3.42%3.09%2.82%2.68%2.48%2.69%2.80%-1 bps
Efficiency Ratio128.24%98.66%99.70%99.64%102.21%127.60%115.76%113.67%+1,403 bps
Non-Interest Burden4.05%3.36%3.07%2.80%2.76%3.38%3.25%3.31%+50 bps
Growth
Asset Growth (YoY)24.13%20.25%12.20%17.01%23.69%24.43%22.66%20.06%+305 bps
Loan Growth (YoY)40.25%42.98%30.46%27.90%34.56%21.51%31.42%26.89%-101 bps
Deposit Growth (YoY)21.84%8.28%17.95%15.35%16.26%38.15%13.43%16.07%+73 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 / Loans0.07%0.07%0.04%0.07%0.06%0.01%0.03%0.04%-4 bps
Allowance / Loans1.23%1.22%1.32%1.24%1.15%1.25%1.22%1.20%-5 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 Capital16.23%15.02%15.01%13.36%11.72%13.78%12.70%12.21%-115 bps
Equity / Assets10.75%10.33%10.13%9.41%8.43%9.69%9.63%8.97%-44 bps
Liquidity & Funding
Loans / Deposits82.17%92.48%85.06%83.45%95.10%81.34%98.55%91.23%+778 bps
Liquid Assets / Assets0.10%0.11%0.10%0.17%0.10%0.63%0.12%0.12%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a