Vevay Deposit Bank

Vevay, IN · Cert 5784

FDIC

Q3 2001

$58.2MAssets

$40.5MLoans

$50.0MDeposits

$7.1MEquity

Loan mix

Deposit mix

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.

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.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	0.83%	0.93%	0.94%	1.02%	1.01%	1.09%	1.14%	1.20%	+18 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	8.32%	9.35%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.10%	4.05%	4.16%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	59.60%	57.54%	56.17%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.16%	1.99%	1.99%	n/a
Growth
Asset Growth (YoY)	-6.20%	-3.41%	9.07%	7.25%	12.57%	7.89%	5.45%	3.20%	-405 bps
Loan Growth (YoY)	11.63%	9.07%	12.08%	10.57%	7.69%	6.72%	1.45%	0.23%	-1,034 bps
Deposit Growth (YoY)	-7.71%	-4.46%	6.78%	7.87%	13.54%	7.75%	8.23%	4.81%	-306 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.05%	0.07%	0.02%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.62%	1.65%	1.67%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	15.70%	16.02%	13.41%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	14.00%	13.38%	12.27%	n/a
Liquidity & Funding
Loans / Deposits	84.85%	85.05%	83.72%	84.71%	80.48%	84.24%	78.47%	81.00%	-370 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	4.69%	4.41%	4.76%	+476 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a