PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mercantile National Bank of Indiana

Hammond, IN · Cert 9282

FDIC

Q2 2006

$767.3MAssets
$575.3MLoans
$628.0MDeposits
$128.6MEquity
Loan mix
66%RE $160.2M34%C&I $81.2M0%Consumer $0.4MQ2 2005Q2 2006
Deposit mix
79%Interest-bearing $494.8M21%Noninterest $133.1MQ2 2005Q2 2006

NIM

4.59%Q2 ’044.59%Q2 ’055.41%Q2 ’06+5%+1%

Non-interest income vs. expense

3.79%Q2 ’044.43%Q2 ’053.78%Q2 ’06+44%-9%

Executive Summary

  • Earnings: ROA of 0.62%, up 152 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 91.61% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

0.62%+152 bps YoY

Net Interest Margin (YTD, annualized)

3.66%+5 bps YoY

Efficiency Ratio (YTD, annualized)

78.84%-444 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets-0.91%-0.28%0.01%0.73%0.62%+152 bps
Return on Equity-5.76%-1.78%0.06%4.45%3.75%+951 bps
Net Interest Margin3.61%3.68%3.70%3.60%3.66%+5 bps
Efficiency Ratio83.28%77.73%75.71%74.20%78.84%-444 bps
Non-Interest Burden3.01%2.75%2.65%2.48%2.74%-27 bps
Growth
Asset Growth (YoY)-0.58%-0.68%-3.59%1.48%-1.14%-56 bps
Loan Growth (YoY)-3.58%-2.41%11.25%7.07%8.53%+1,211 bps
Deposit Growth (YoY)0.87%0.38%1.24%1.44%-1.90%-277 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.32%-0.30%-0.24%0.74%0.29%+61 bps
Allowance / Loans1.37%1.40%1.38%1.18%1.21%-17 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 Capital11.16%11.43%11.84%11.99%11.91%+75 bps
Equity / Assets15.84%16.12%15.99%16.62%16.76%+91 bps
Liquidity & Funding
Loans / Deposits82.81%85.44%92.17%89.24%91.61%+880 bps
Liquid Assets / Assets4.11%3.24%0.03%0.04%0.03%-407 bps
CRE / Total Capitaln/an/an/an/an/an/an/a