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Letter portraitLegal landscapeQuarterYTD

Second National Bank

Greenville, OH · Cert 6596

FDIC

Q2 2008

$451.6MAssets
$256.4MLoans
$267.6MDeposits
$23.2MEquity
Loan mix
88%RE $143.3M11%C&I $18.0M1%Consumer $1.0MQ2 2007Q2 2008
Deposit mix
85%Interest-bearing $227.4M15%Noninterest $40.2MQ2 2007Q2 2008

NIM

5.75%Q2 ’066.09%Q2 ’075.58%Q2 ’080%+1%

Non-interest income vs. expense

1.99%Q2 ’062.02%Q2 ’071.75%Q2 ’08-2%-16%

Executive Summary

  • Earnings: ROA of 1.22%, up 1 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.47%.
  • Funding: loans stand at 95.84% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

1.22%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.19%+4 bps YoY

Efficiency Ratio (YTD, annualized)

46.00%-692 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets1.21%1.22%1.18%1.20%1.22%+1 bps
Return on Equity24.15%24.78%23.70%22.89%23.49%-66 bps
Net Interest Margin3.15%3.11%2.90%3.30%3.19%+4 bps
Efficiency Ratio52.91%51.92%51.99%46.91%46.00%-692 bps
Non-Interest Burden1.36%1.28%1.21%1.18%1.14%-22 bps
Growth
Asset Growth (YoY)1.90%10.23%9.37%13.97%14.50%+1,260 bps
Loan Growth (YoY)10.40%10.02%9.91%8.48%7.78%-262 bps
Deposit Growth (YoY)6.71%2.34%-0.89%4.73%7.78%+107 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.05%0.12%0.55%0.47%+43 bps
Allowance / Loans1.77%1.74%1.74%1.73%1.70%-7 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 Capital10.90%10.45%10.68%10.62%10.75%-15 bps
Equity / Assets4.93%4.69%5.17%5.27%5.14%+21 bps
Liquidity & Funding
Loans / Deposits95.84%97.55%101.25%96.06%95.84%0 bps
Liquid Assets / Assets3.58%3.18%3.17%3.08%3.05%-53 bps
CRE / Total Capitaln/an/an/an/an/an/an/a