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Vevay Deposit Bank

Vevay, IN · Cert 5784

FDIC

Q3 2001

$58.2MAssets
$40.5MLoans
$50.0MDeposits
$7.1MEquity
Loan mix
67%RE $22.3M32%C&I $10.5M1%Consumer $0.3MQ3 2000Q3 2001
Deposit mix
88%Interest-bearing $44.1M12%Noninterest $5.9MQ3 2000Q3 2001

NIM

7.62%Q1 ’017.27%Q2 ’017.24%Q3 ’01-1%+3%

Non-interest income vs. expense

2.86%Q1 ’012.79%Q2 ’012.77%Q3 ’01-8%+0%

Executive Summary

  • Earnings: ROA of 1.20%, up 18 bps year over year; NIM at 4.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 81.00% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.20%+18 bps YoY

Net Interest Margin (quarter, annualized)

4.16%

Efficiency Ratio (quarter, annualized)

56.17%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.02%1.01%1.09%1.14%1.20%+18 bps
Return on Equityn/an/an/a8.32%9.35%n/a
Net Interest Marginn/an/a4.10%4.05%4.16%n/a
Efficiency Ration/an/a59.60%57.54%56.17%n/a
Non-Interest Burdenn/an/a2.16%1.99%1.99%n/a
Growth
Asset Growth (YoY)7.25%12.57%7.89%5.45%3.20%-405 bps
Loan Growth (YoY)10.57%7.69%6.72%1.45%0.23%-1,034 bps
Deposit Growth (YoY)7.87%13.54%7.75%8.23%4.81%-306 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.05%0.07%0.02%n/a
Allowance / Loansn/an/a1.62%1.65%1.67%n/a
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 Capitaln/an/a15.70%16.02%13.41%n/a
Equity / Assetsn/an/a14.00%13.38%12.27%n/a
Liquidity & Funding
Loans / Deposits84.71%80.48%84.24%78.47%81.00%-370 bps
Liquid Assets / Assets0.00%0.00%4.69%4.41%4.76%+476 bps
CRE / Total Capitaln/an/an/an/an/an/an/a