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Bank of Ohio County, Inc.

Dundee, KY · Cert 9304

FDIC · 2 branches

Q1 2016

$82.7MAssets
$34.9MLoans
$73.8MDeposits
$8.8MEquity
Loan mix
83%RE $16.6M11%C&I $2.2M6%Consumer $1.2MQ1 2015Q1 2016
Deposit mix
85%Interest-bearing $63.0M15%Noninterest $10.7MQ1 2015Q1 2016

NIM

4.05%Q1 ’143.40%Q1 ’153.18%Q1 ’16-17%-7%

Non-interest income vs. expense

2.28%Q1 ’142.15%Q1 ’153.04%Q1 ’16-2%+49%

Executive Summary

  • Earnings: ROA of 0.13%, down 117 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Capital: tier 1 leverage ratio of 9.64%, down 1,216 bps from a year ago.
  • Funding: loans stand at 47.27% of deposits as of Q1 2016.

Financial Results

Return on Assets (quarter, annualized)

0.13%-117 bps YoY

Net Interest Margin (quarter, annualized)

2.86%-23 bps YoY

Efficiency Ratio (quarter, annualized)

92.75%+3,093 bps YoY

Tier 1 Leverage Ratio

9.64%-1,216 bps YoY

Discrete quarter, annualized.

MetricQ1 2015Q2 2015Q3 2015Q4 2015Q1 2016YoY ΔTrend
Earnings
Return on Assets1.30%1.57%1.47%-2.73%0.13%-117 bps
Return on Equity6.08%7.38%6.83%-13.00%0.84%-524 bps
Net Interest Margin3.08%3.18%3.16%2.74%2.86%-23 bps
Efficiency Ratio61.82%56.02%61.02%70.50%92.75%+3,093 bps
Non-Interest Burden1.76%1.60%1.76%1.80%2.62%+86 bps
Growth
Asset Growth (YoY)3.95%5.86%4.17%1.04%-13.28%-1,723 bps
Loan Growth (YoY)-1.92%1.22%2.07%-0.31%-6.49%-457 bps
Deposit Growth (YoY)2.33%6.26%3.99%3.17%-0.82%-315 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%-0.40%-0.07%9.69%0.28%+16 bps
Allowance / Loans0.82%0.90%0.91%0.94%0.98%+15 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio21.80%21.24%21.80%19.66%9.64%-1,216 bps
Total Risk-Based Capital41.11%39.96%41.67%39.47%20.52%-2,059 bps
Equity / Assets21.46%21.13%21.90%20.08%10.61%-1,085 bps
Liquidity & Funding
Loans / Deposits50.14%50.84%52.52%47.95%47.27%-287 bps
Liquid Assets / Assets6.55%7.55%6.87%13.21%13.89%+734 bps
CRE / Total Capitaln/an/an/an/an/an/an/a