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Symphony Bank

Indianapolis, IN · Cert 57932

FDIC

Q4 2008

$55.0MAssets
$44.2MLoans
$47.5MDeposits
$5.2MEquity
Loan mix
60%RE $23.6M39%C&I $15.2M1%Consumer $0.5MQ4 2007Q4 2008
Deposit mix
83%Interest-bearing $39.3M17%Noninterest $8.3MQ4 2007Q4 2008

NIM

5.10%Q4 ’066.35%Q4 ’074.49%Q4 ’08+2%-31%

Non-interest income vs. expense

8.60%Q4 ’066.85%Q4 ’075.63%Q4 ’08-22%-16%

Executive Summary

  • Earnings: ROA of -5.57%, down 86 bps year over year; NIM at 2.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 92.99% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

-5.57%-86 bps YoY

Net Interest Margin (YTD, annualized)

2.11%-97 bps YoY

Efficiency Ratio (YTD, annualized)

255%+4,753 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets-4.71%-3.78%-3.57%-3.69%-5.57%-86 bps
Return on Equity-25.58%-25.86%-24.47%-26.76%-43.35%-1,777 bps
Net Interest Margin3.08%2.68%2.65%2.41%2.11%-97 bps
Efficiency Ratio208%229%224%239%255%+4,753 bps
Non-Interest Burden6.63%6.25%6.08%5.88%5.54%-109 bps
Growth
Asset Growth (YoY)15.94%5.12%1.94%24.13%7.46%-848 bps
Loan Growth (YoY)39.87%0.75%10.36%10.06%20.53%-1,934 bps
Deposit Growth (YoY)26.24%5.83%-7.03%31.26%9.87%-1,637 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%-0.05%-0.02%0.16%0.10%-8 bps
Allowance / Loans2.18%2.37%2.35%2.07%3.81%+163 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 Capital16.81%17.02%15.23%12.32%10.94%-587 bps
Equity / Assets14.71%14.50%14.54%11.65%9.40%-530 bps
Liquidity & Funding
Loans / Deposits84.76%90.46%100.90%82.79%92.99%+822 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a