Exhibit 99.2
NorthWest Indiana Bancorp
Consolidated Balance Sheets
(Dollars in Thousands)
| March 31, | December 31, | |||||||||
| 2003 | 2002 | |||||||||
Assets |
||||||||||
Cash and cash equivalents |
$ | 24,664 | $ | 35,200 | ||||||
Available-for-sale securities |
57,047 | 56,002 | ||||||||
Held-to-maturity securities |
567 | 569 | ||||||||
Federal Home Loan Bank Stock |
2,672 | 2,672 | ||||||||
Loans held for sale |
644 | 601 | ||||||||
Loans receivable |
387,130 | 380,428 | ||||||||
Less: allowance for loan losses |
(3,744 | ) | (3,635 | ) | ||||||
Net loans receivable |
383,386 | 376,793 | ||||||||
Premises and equipment |
10,442 | 9,460 | ||||||||
Foreclosed real estate |
0 | 127 | ||||||||
Other assets |
5,179 | 6,578 | ||||||||
Total assets\ |
$ | 484,601 | $ | 488,002 | ||||||
Liabilities and Stockholders’ Equity |
||||||||||
Deposits |
$ | 403,335 | $ | 406,673 | ||||||
Borrowed funds |
36,857 | 36,065 | ||||||||
Accrued expenses and other liabilities |
4,771 | 6,116 | ||||||||
Total liabilities |
444,963 | 448,854 | ||||||||
Stockholders’ Equity |
39,638 | 39,148 | ||||||||
Total liabilities and stockholders’ equity |
$ | 484,601 | $ | 488,002 | ||||||
Consolidated Statements of Income
(Dollars in Thousands)
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2003 | 2002 | |||||||
Total interest income |
$ | 6,637 | $ | 6,852 | ||||
Total interest expense |
2,034 | 2,658 | ||||||
Net interest income |
4,603 | 4,194 | ||||||
Provision for loan losses |
120 | 130 | ||||||
Net interest income after provision for loan losses |
4,483 | 4,064 | ||||||
Total noninterest income |
744 | 636 | ||||||
Total noninterest expenses |
2,923 | 2,602 | ||||||
Income before income tax expenses |
2,304 | 2,098 | ||||||
Income tax expenses |
861 | 792 | ||||||
Net Income |
$ | 1,443 | $ | 1,306 | ||||
| Three Months Ended | ||||||||
| March 31, | ||||||||
| 2003 | 2002 | |||||||
Basic earnings per share |
$ | 0.53 | $ | 0.48 | ||||
Net interest margin |
4.08 | % | 3.99 | % | ||||
Return on average assets |
1.22 | % | 1.18 | % | ||||
Return on average equity |
14.57 | % | 14.39 | % | ||||
| At | ||||||||||||
| March 31, | March 31, | |||||||||||
| 2003 | 2002 | |||||||||||
Stockholders’ equity as a percent of total assets |
8.18 | % | 8.05 | % | ||||||||
Book value per share |
$ | 14.46 | $ | 13.25 | ||||||||