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Bank of Evansville, National Association

Evansville, IN · Cert 57122

FDIC

Q4 2010

$340.0MAssets
$227.7MLoans
$302.5MDeposits
$26.7MEquity
Loan mix
63%RE $118.9M37%C&I $70.8M0%Consumer $0.0MQ4 2009Q4 2010
Deposit mix
92%Interest-bearing $279.2M8%Noninterest $23.3MQ4 2009Q4 2010

NIM

5.54%Q4 ’084.70%Q4 ’094.14%Q4 ’10-2%-8%

Non-interest income vs. expense

2.32%Q4 ’082.28%Q4 ’092.17%Q4 ’10+18%+5%

Executive Summary

  • Earnings: ROA of 0.20%, down 30 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.99%.
  • Funding: loans stand at 75.26% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

0.20%-30 bps YoY

Net Interest Margin (YTD, annualized)

2.83%-26 bps YoY

Efficiency Ratio (YTD, annualized)

72.66%+678 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets0.50%0.63%0.25%0.44%0.20%-30 bps
Return on Equity4.96%6.23%2.44%4.37%2.09%-287 bps
Net Interest Margin3.09%3.27%3.19%2.98%2.83%-26 bps
Efficiency Ratio65.88%62.84%67.26%65.93%72.66%+678 bps
Non-Interest Burden1.91%1.98%2.07%1.86%2.01%+10 bps
Growth
Asset Growth (YoY)2.31%4.63%5.35%8.00%12.75%+1,044 bps
Loan Growth (YoY)-1.64%-1.39%-3.68%-5.68%-12.15%-1,052 bps
Deposit Growth (YoY)2.25%4.78%5.96%8.68%16.22%+1,398 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.41%0.25%1.50%1.10%0.99%+58 bps
Allowance / Loans1.74%1.78%1.53%1.48%1.80%+6 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 Capital13.15%13.30%13.35%13.59%12.30%-85 bps
Equity / Assets10.13%10.08%9.94%9.72%7.86%-227 bps
Liquidity & Funding
Loans / Deposits99.57%95.70%91.38%85.83%75.26%-2,431 bps
Liquid Assets / Assets3.92%4.98%5.39%6.20%10.76%+684 bps
CRE / Total Capitaln/an/an/an/an/an/an/a