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First National Bank

Mountain View, MO · Cert 12216

FDIC

Q1 2009

$300.8MAssets
$256.4MLoans
$261.6MDeposits
$21.5MEquity
Loan mix
89%RE $184.8M11%C&I $23.1M0%Consumer $0.2MQ1 2008Q1 2009
Deposit mix
85%Interest-bearing $223.2M15%Noninterest $38.4MQ1 2008Q1 2009

NIM

7.16%Q1 ’076.93%Q1 ’085.66%Q1 ’090%-6%

Non-interest income vs. expense

4.11%Q1 ’074.22%Q1 ’084.32%Q1 ’09+3%+4%

Executive Summary

  • Earnings: ROA of 0.20%, down 43 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Funding: loans stand at 98.02% of deposits as of Q1 2009.

Financial Results

Return on Assets (quarter, annualized)

0.20%-43 bps YoY

Net Interest Margin (quarter, annualized)

3.79%-23 bps YoY

Efficiency Ratio (quarter, annualized)

82.93%+569 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.63%0.56%0.50%-0.12%0.20%-43 bps
Return on Equity8.34%7.58%6.77%-1.60%2.80%-554 bps
Net Interest Margin4.02%4.25%4.28%4.17%3.79%-23 bps
Efficiency Ratio77.25%77.76%73.91%83.20%82.93%+569 bps
Non-Interest Burden2.78%3.01%2.79%3.29%2.90%+12 bps
Growth
Asset Growth (YoY)5.29%8.46%5.69%4.38%4.84%-45 bps
Loan Growth (YoY)12.08%7.17%6.13%1.15%3.50%-858 bps
Deposit Growth (YoY)5.01%8.76%5.83%6.01%3.66%-135 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.38%0.63%1.11%0.27%+6 bps
Allowance / Loans1.33%1.28%1.29%1.34%1.43%+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 Capital10.59%10.40%10.31%10.42%10.50%-10 bps
Equity / Assets7.53%7.34%7.50%7.34%7.16%-37 bps
Liquidity & Funding
Loans / Deposits98.18%98.20%102.13%97.86%98.02%-16 bps
Liquid Assets / Assets0.35%0.36%0.36%2.92%5.78%+543 bps
CRE / Total Capitaln/an/an/an/an/an/an/a