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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 $8.9MQ4 2004Q3 2006

Executive Summary

  • Earnings: ROA of 0.80%, up 44 bps year over year; NIM at 2.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.50%.
  • Funding: loans stand at 123.96% of deposits as of Q3 2006.

Return on Assets (YTD, annualized)

0.80%+44 bps YoY

Net Interest Margin (YTD, annualized)

2.67%+13 bps YoY

Efficiency Ratio (YTD, annualized)

58.00%-2,172 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.74%Q3 ’044.45%Q3 ’055.62%Q3 ’06-26%+5%

Non-interest income vs. expense

4.02%Q3 ’043.05%Q3 ’052.24%Q3 ’06-33%-40%

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.42%0.40%0.40%0.36%0.15%-0.28%0.53%0.80%+44 bps
Return on Equity3.56%3.96%4.07%3.30%1.26%-2.14%4.16%6.48%+319 bps
Net Interest Margin3.05%3.10%3.15%2.55%2.56%3.81%2.90%2.67%+13 bps
Efficiency Ratio79.90%77.74%78.23%79.72%80.16%87.49%65.78%58.00%-2,172 bps
Non-Interest Burden2.18%2.10%2.14%1.77%1.78%3.17%1.50%1.05%-72 bps
Growth
Asset Growth (YoY)47.60%27.96%32.06%63.27%30.49%59.11%48.31%19.79%-4,348 bps
Loan Growth (YoY)27.75%24.73%22.22%35.02%44.26%48.31%42.94%34.79%-22 bps
Deposit Growth (YoY)126.11%81.47%70.23%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.04%0.06%0.08%0.41%1.49%0.76%0.50%+42 bps
Allowance / Loans1.00%1.00%1.00%0.95%1.00%0.84%0.84%0.80%-14 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 Capital16.46%15.69%15.23%23.64%22.76%19.35%20.06%19.05%-459 bps
Equity / Assets10.22%10.05%9.22%13.43%14.81%11.77%11.74%11.69%-174 bps
Liquidity & Funding
Loans / Deposits95.79%98.20%104.70%79.87%101.48%123.13%125.44%123.96%+4,410 bps
Liquid Assets / Assets0.05%0.11%0.05%0.03%0.04%0.04%0.04%0.04%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a