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First United Bank

Farmerville, LA · Cert 12606

FDIC

Q3 2005

$105.4MAssets
$43.8MLoans
$90.6MDeposits
$13.9MEquity
Loan mix
49%RE $6.6M50%C&I $6.6M1%Consumer $0.1MQ3 2004Q3 2005
Deposit mix
89%Interest-bearing $80.4M11%Noninterest $10.2MQ3 2004Q3 2005

NIM

4.31%Q3 ’034.19%Q3 ’045.09%Q3 ’05+11%+16%

Non-interest income vs. expense

2.51%Q3 ’032.42%Q3 ’042.23%Q3 ’05-50%+75%

Executive Summary

  • Earnings: ROA of 0.92%, up 23 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 48.37% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.92%+23 bps YoY

Net Interest Margin (quarter, annualized)

3.25%+45 bps YoY

Efficiency Ratio (quarter, annualized)

61.59%+340 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.69%0.61%0.36%0.51%0.92%+23 bps
Return on Equity5.46%4.82%2.83%3.96%7.04%+158 bps
Net Interest Margin2.80%2.91%2.65%2.95%3.25%+45 bps
Efficiency Ratio58.19%78.39%88.41%81.38%61.59%+340 bps
Non-Interest Burden1.06%2.21%2.29%2.34%1.86%+80 bps
Growth
Asset Growth (YoY)-2.47%-3.35%-2.87%-2.38%-1.19%+128 bps
Loan Growth (YoY)-8.75%-7.89%-8.82%-6.23%-7.14%+161 bps
Deposit Growth (YoY)-3.30%-4.25%-3.01%-2.74%-1.74%+156 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.56%0.04%-0.02%0.22%0.16%-40 bps
Allowance / Loans0.86%0.90%0.86%0.91%0.89%+3 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 Capital22.65%23.67%23.02%24.07%19.37%-327 bps
Equity / Assets12.68%12.85%12.52%13.09%13.17%+48 bps
Liquidity & Funding
Loans / Deposits51.18%49.03%50.97%49.79%48.37%-281 bps
Liquid Assets / Assets4.55%4.42%4.31%4.71%3.61%-95 bps
CRE / Total Capitaln/an/an/an/an/an/an/a