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First Parke State Bank

Rockville, IN · Cert 9654

FDIC

Q1 2004

$119.0MAssets
$70.8MLoans
$85.8MDeposits
$13.7MEquity
Deposit mix
86%Interest-bearing $73.8M14%Noninterest $12.0MQ1 2003Q1 2004

NIM

6.49%Q1 ’025.79%Q1 ’035.33%Q1 ’04-5%-5%

Non-interest income vs. expense

1.93%Q1 ’022.01%Q1 ’031.89%Q1 ’04+12%-19%

Executive Summary

  • Earnings: ROA of 1.60%, unchanged from a year ago; NIM at 3.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 82.53% of deposits as of Q1 2004.

Financial Results

Return on Assets (quarter, annualized)

1.60%0 bps YoY

Net Interest Margin (quarter, annualized)

3.52%-18 bps YoY

Efficiency Ratio (quarter, annualized)

44.40%-251 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets1.60%1.45%1.39%1.71%1.60%0 bps
Return on Equity14.38%12.78%12.24%15.46%14.35%-3 bps
Net Interest Margin3.70%3.64%3.50%3.50%3.52%-18 bps
Efficiency Ratio46.91%47.22%48.62%40.83%44.40%-251 bps
Non-Interest Burden1.43%1.43%1.39%1.00%1.15%-27 bps
Growth
Asset Growth (YoY)4.42%1.49%-3.18%3.97%0.35%-406 bps
Loan Growth (YoY)1.28%0.18%-1.75%3.07%7.72%+644 bps
Deposit Growth (YoY)4.72%-1.47%-3.51%4.73%-2.49%-721 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.65%0.39%-0.19%0.21%0.07%-58 bps
Allowance / Loans1.36%1.29%1.40%1.39%1.38%+2 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 Capital17.93%17.62%17.16%17.11%17.70%-23 bps
Equity / Assets11.21%11.42%11.35%10.77%11.49%+28 bps
Liquidity & Funding
Loans / Deposits74.71%81.56%80.96%76.29%82.53%+783 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