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Salin Bank and Trust Company

Indianapolis, IN · Cert 9092

FDIC · 20 branches

Q4 2018

$924.3MAssets
$601.2MLoans
$754.3MDeposits
$94.5MEquity
Loan mix
79%RE $409.6M19%C&I $98.3M2%Consumer $8.5MQ4 2017Q4 2018
Deposit mix
74%Interest-bearing $555.1M26%Noninterest $199.2MQ4 2017Q4 2018

NIM

3.53%Q4 ’163.82%Q4 ’174.18%Q4 ’18+7%+4%

Non-interest income vs. expense

3.41%Q4 ’163.48%Q4 ’173.30%Q4 ’18+12%-12%

Market Position · Indianapolis-Carmel-Anderson, IN · 2018 SOD (annual) · 0.3% share · #25 of 49 inst. · $0.2B of $50.8B

0.5% Marion
20.0% Cass
7.5% Bartholomew
31.1% Carroll

Executive Summary

  • Earnings: ROA of 1.15%, up 159 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.60% of loans (-32 bps YoY), with net charge-offs at 0.87%.
  • Capital: tier 1 leverage ratio of 10.59%, down 29 bps from a year ago.
  • Funding: loans stand at 79.70% of deposits as of Q4 2018.

Financial Results

Return on Assets (quarter, annualized)

1.15%+159 bps YoY

Net Interest Margin (quarter, annualized)

3.58%+13 bps YoY

Efficiency Ratio (quarter, annualized)

71.38%-836 bps YoY

Tier 1 Leverage Ratio

10.59%-29 bps YoY

Discrete quarter, annualized.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets-0.44%0.65%1.00%1.30%1.15%+159 bps
Return on Equity-4.04%6.30%9.93%13.00%11.41%+1,545 bps
Net Interest Margin3.45%3.38%3.49%3.54%3.58%+13 bps
Efficiency Ratio79.74%77.77%74.85%70.85%71.38%-836 bps
Non-Interest Burden2.56%2.46%2.39%2.27%2.25%-31 bps
Growth
Asset Growth (YoY)0.30%8.46%4.38%8.48%6.44%+614 bps
Loan Growth (YoY)4.00%4.45%-0.31%-1.06%-3.05%-705 bps
Deposit Growth (YoY)-2.64%8.28%7.51%15.59%12.01%+1,465 bps
Asset Quality
Nonperforming Loans / Loans0.92%0.92%0.82%0.82%0.60%-32 bps
Net Charge-Offs / Loans1.12%0.05%0.01%-0.05%0.87%-25 bps
Allowance / Loans1.22%1.34%1.36%1.38%1.24%+2 bps
Allowance Coverage of NPLs1.3x1.4x1.7x1.7x2.1x+0.8x
Capital
Tier 1 Leverage Ratio10.88%10.57%10.59%10.43%10.59%-29 bps
Total Risk-Based Capital14.55%14.89%14.92%15.29%15.39%+84 bps
Equity / Assets10.66%9.94%10.11%9.86%10.22%-43 bps
Liquidity & Funding
Loans / Deposits92.09%84.21%83.44%80.32%79.70%-1,238 bps
Liquid Assets / Assets2.23%5.59%2.45%3.43%5.18%+294 bps
CRE / Total Capitaln/an/an/an/an/an/an/a