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Letter portraitLegal landscapeQuarterYTD

Bank of Louisville

Louisville, KY · Cert 8778

FDIC

Q2 2002

$1.8BAssets
$1.1BLoans
$1.2BDeposits
$359.1MEquity
Loan mix
62%RE $318.5M37%C&I $190.2M1%Consumer $4.1MQ2 2001Q2 2002
Deposit mix
80%Interest-bearing $941.6M20%Noninterest $239.8MQ2 2001Q2 2002

NIM

7.65%Q1 ’017.09%Q2 ’014.75%Q2 ’02-3%-14%

Non-interest income vs. expense

2.96%Q1 ’012.99%Q2 ’012.77%Q2 ’02-5%-15%

Executive Summary

  • Earnings: ROA of 0.99%, down 33 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 93.28% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

0.99%-33 bps YoY

Net Interest Margin (quarter, annualized)

3.03%-51 bps YoY

Efficiency Ratio (quarter, annualized)

64.24%-164 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets1.32%1.13%1.49%0.30%0.99%-33 bps
Return on Equity13.64%11.35%15.44%2.10%5.11%-853 bps
Net Interest Margin3.54%3.67%3.52%0.99%3.03%-51 bps
Efficiency Ratio65.88%68.82%59.43%64.10%64.24%-164 bps
Non-Interest Burden1.99%2.19%1.53%0.60%1.69%-30 bps
Growth
Asset Growth (YoY)8.38%12.90%16.19%13.32%8.18%-20 bps
Loan Growth (YoY)8.88%8.40%11.75%5.41%-2.28%-1,115 bps
Deposit Growth (YoY)7.08%9.88%16.01%5.20%9.21%+213 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.18%0.21%0.07%-0.01%0.08%-10 bps
Allowance / Loans0.90%0.91%0.90%2.03%2.04%+114 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 Capital12.64%12.93%12.46%10.75%10.07%-256 bps
Equity / Assets9.75%10.17%9.22%18.89%19.89%+1,014 bps
Liquidity & Funding
Loans / Deposits104.25%104.19%98.08%103.68%93.28%-1,096 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