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Republic Bank and Trust Company of Indiana

Clarksville, IN · Cert 57146

FDIC

Q3 2006

$97.4MAssets
$75.5MLoans
$60.9MDeposits
$11.4MEquity
Deposit mix
85%Interest-bearing $52.0M15%Noninterest $8.9MQ3 2005Q3 2006

NIM

5.04%Q3 ’045.34%Q3 ’056.15%Q3 ’06-19%-9%

Non-interest income vs. expense

4.13%Q3 ’043.57%Q3 ’051.65%Q3 ’06-22%-84%

Executive Summary

  • Earnings: ROA of 1.29%, up 98 bps year over year; NIM at 2.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 123.96% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

1.29%+98 bps YoY

Net Interest Margin (quarter, annualized)

2.56%-25 bps YoY

Efficiency Ratio (quarter, annualized)

42.55%-3,962 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.31%-0.39%-0.28%1.23%1.29%+98 bps
Return on Equity2.72%-2.79%-2.14%10.43%11.01%+830 bps
Net Interest Margin2.81%3.29%3.81%2.69%2.56%-25 bps
Efficiency Ratio82.17%81.04%87.49%42.91%42.55%-3,962 bps
Non-Interest Burden2.04%2.30%3.17%0.43%0.33%-171 bps
Growth
Asset Growth (YoY)63.27%30.49%59.11%48.31%19.79%-4,348 bps
Loan Growth (YoY)35.02%44.26%48.31%42.94%34.79%-22 bps
Deposit Growth (YoY)134.74%36.17%18.28%19.30%-13.15%-14,790 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%1.42%1.49%0.08%0.06%-7 bps
Allowance / Loans0.95%1.00%0.84%0.84%0.80%-14 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 Capital23.64%22.76%19.35%20.06%19.05%-459 bps
Equity / Assets13.43%14.81%11.77%11.74%11.69%-174 bps
Liquidity & Funding
Loans / Deposits79.87%101.48%123.13%125.44%123.96%+4,410 bps
Liquid Assets / Assets0.03%0.04%0.04%0.04%0.04%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a