Blue River Bancshares, Inc. is the holding company for Shelby County Bank (the Bank), whose primary funding source is its base of core customer deposits, which includes interest- and non-interest-bearing demand deposits, savings accounts, money market accounts and certificates of deposit. Other sources of funds have been through advances from the Federal Home Loan Bank. The Bank also provides loan products that give the opportunity for shorter maturity terms and variable-rate pricing in an effort to continue to improve its interest rate sensitivity. The Banks primary service area is Shelby County, which is located approximately 25 miles southeast of Indianapolis, Indiana. As of December 31, 2002, the Bank had total net loans of $56,596,000 and total deposits of $97,987,000.