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Letter portraitLegal landscapeQuarterYTD

First National Bank of Cedar Falls, The

Cedar Falls, IA · Cert 11350

FDIC

Q2 2005

$52.8MAssets
$43.0MLoans
$47.8MDeposits
$4.2MEquity
Loan mix
75%RE $16.3M24%C&I $5.3M1%Consumer $0.2MQ2 2004Q2 2005
Deposit mix
85%Interest-bearing $40.5M15%Noninterest $7.4MQ2 2004Q2 2005

NIM

6.14%Q2 ’035.14%Q2 ’045.42%Q2 ’05-19%+18%

Non-interest income vs. expense

2.74%Q2 ’033.17%Q2 ’042.91%Q2 ’05+13%-5%

Executive Summary

  • Earnings: ROA of 0.37%, up 34 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 89.94% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

0.37%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.47%+54 bps YoY

Efficiency Ratio (YTD, annualized)

79.23%-1,777 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.04%0.13%0.19%0.36%0.37%+34 bps
Return on Equity0.50%1.62%2.48%4.60%4.76%+426 bps
Net Interest Margin2.93%3.06%3.10%3.33%3.47%+54 bps
Efficiency Ratio97.00%92.90%89.59%78.11%79.23%-1,777 bps
Non-Interest Burden2.83%2.81%2.75%2.56%2.70%-13 bps
Growth
Asset Growth (YoY)5.86%-0.54%0.46%2.72%2.03%-383 bps
Loan Growth (YoY)7.63%10.67%11.77%10.32%9.83%+219 bps
Deposit Growth (YoY)6.66%-0.78%0.11%-1.19%1.75%-491 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.27%-0.14%-0.02%-0.04%-0.02%+25 bps
Allowance / Loans1.28%1.19%1.12%1.13%1.16%-11 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 Capital11.63%11.27%11.20%11.02%11.18%-45 bps
Equity / Assets7.69%7.87%7.85%7.82%7.90%+20 bps
Liquidity & Funding
Loans / Deposits83.33%88.47%88.19%94.42%89.94%+661 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