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Simmons First Bank of Searcy

Searcy, AR · Cert 12696

FDIC

Q1 2014

$154.9MAssets
$98.2MLoans
$118.6MDeposits
$15.5MEquity
Loan mix
84%RE $66.6M10%C&I $7.8M6%Consumer $4.9MQ1 2013Q1 2014
Deposit mix
79%Interest-bearing $93.5M21%Noninterest $25.1MQ1 2013Q1 2014

NIM

4.27%Q1 ’123.79%Q1 ’133.58%Q1 ’14-8%-4%

Non-interest income vs. expense

3.01%Q1 ’122.94%Q1 ’132.85%Q1 ’140%+14%

Executive Summary

  • Earnings: ROA of 0.89%, down 18 bps year over year; NIM at 3.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 82.86% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

0.89%-18 bps YoY

Net Interest Margin (quarter, annualized)

3.08%-11 bps YoY

Efficiency Ratio (quarter, annualized)

69.05%+460 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.07%1.07%1.00%0.84%0.89%-18 bps
Return on Equity10.76%10.84%10.37%8.51%8.85%-192 bps
Net Interest Margin3.19%3.09%3.11%2.98%3.08%-11 bps
Efficiency Ratio64.45%67.93%65.51%70.88%69.05%+460 bps
Non-Interest Burden1.57%1.67%1.56%1.76%1.80%+23 bps
Growth
Asset Growth (YoY)-1.45%1.39%2.13%-0.25%0.87%+232 bps
Loan Growth (YoY)-2.04%1.14%0.93%3.12%3.90%+595 bps
Deposit Growth (YoY)-0.14%5.82%5.91%-0.52%-2.70%-255 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%-0.02%-0.05%0.33%-0.05%+3 bps
Allowance / Loans1.79%1.70%1.77%1.72%1.76%-4 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 Capital13.89%13.60%13.93%13.91%14.13%+24 bps
Equity / Assets9.91%9.82%9.54%10.10%10.00%+8 bps
Liquidity & Funding
Loans / Deposits77.59%78.82%75.49%84.86%82.86%+526 bps
Liquid Assets / Assets22.31%17.37%23.88%17.20%19.10%-321 bps
CRE / Total Capitaln/an/an/an/an/an/an/a