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Salt Lick Deposit Bank, The

Salt Lick, KY · Cert 8784

FDIC

Q4 2012

$72.3MAssets
$52.6MLoans
$61.7MDeposits
$8.0MEquity
Loan mix
73%RE $32.3M11%C&I $4.7M16%Consumer $7.1MQ4 2011Q4 2012
Deposit mix
88%Interest-bearing $54.3M12%Noninterest $7.4MQ4 2011Q4 2012

NIM

4.01%Q4 ’104.62%Q4 ’114.15%Q4 ’12+48%-6%

Non-interest income vs. expense

2.50%Q4 ’102.71%Q4 ’112.50%Q4 ’12-10%-27%

Executive Summary

  • Earnings: ROA of 1.23%, up 16 bps year over year; NIM at 3.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 85.25% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

1.23%+16 bps YoY

Net Interest Margin (quarter, annualized)

3.16%-21 bps YoY

Efficiency Ratio (quarter, annualized)

57.66%-594 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets1.06%0.84%0.86%0.73%1.23%+16 bps
Return on Equity9.62%7.42%7.57%6.35%10.85%+123 bps
Net Interest Margin3.36%3.25%3.18%3.30%3.16%-21 bps
Efficiency Ratio63.60%66.71%70.59%66.45%57.66%-594 bps
Non-Interest Burden1.81%1.88%2.01%1.89%1.32%-49 bps
Growth
Asset Growth (YoY)-8.41%-5.95%-5.18%0.31%0.69%+911 bps
Loan Growth (YoY)-9.65%-12.72%-9.44%-3.63%-3.98%+568 bps
Deposit Growth (YoY)-9.75%-7.11%-6.15%0.03%2.04%+1,180 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.23%0.30%1.79%0.16%0.15%-107 bps
Allowance / Loans1.56%1.59%1.13%1.19%1.22%-35 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 Capital15.13%15.82%16.15%16.09%15.48%+35 bps
Equity / Assets11.31%11.30%11.51%11.58%11.00%-31 bps
Liquidity & Funding
Loans / Deposits90.59%85.59%85.51%86.58%85.25%-535 bps
Liquid Assets / Assets1.14%1.09%0.88%2.57%0.76%-37 bps
CRE / Total Capitaln/an/an/an/an/an/an/a