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First Community National Bank

Corning, IA · Cert 13997

FDIC

Q3 2002

$25.9MAssets
$18.8MLoans
$22.0MDeposits
$2.7MEquity
Deposit mix
87%Interest-bearing $19.1M13%Noninterest $3.0MQ3 2001Q3 2002

NIM

7.57%Q1 ’017.03%Q3 ’015.82%Q3 ’02-9%-6%

Non-interest income vs. expense

3.67%Q1 ’013.95%Q3 ’014.07%Q3 ’02+8%+4%

Executive Summary

  • Earnings: ROA of 0.30%, down 40 bps year over year; NIM at 4.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 85.12% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

0.30%-40 bps YoY

Net Interest Margin (YTD, annualized)

4.09%-26 bps YoY

Efficiency Ratio (YTD, annualized)

88.47%+742 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.70%0.68%0.27%0.18%0.30%-40 bps
Return on Equityn/an/a2.69%1.79%2.97%n/a
Net Interest Margin4.36%4.18%4.07%3.98%4.09%-26 bps
Efficiency Ratio81.06%81.58%89.32%91.09%88.47%+742 bps
Non-Interest Burden3.43%3.32%3.59%3.58%3.56%+13 bps
Growth
Asset Growth (YoY)13.49%1.31%-0.57%-0.67%-2.51%-1,599 bps
Loan Growth (YoY)29.68%0.88%-10.93%10.42%-6.93%-3,661 bps
Deposit Growth (YoY)7.72%-2.65%-0.30%-0.75%-3.10%-1,082 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.02%0.00%0.00%0.00%+1 bps
Allowance / Loans0.77%0.87%1.00%0.97%0.90%+13 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 Capital13.25%13.85%15.93%15.47%14.83%+158 bps
Equity / Assets9.98%9.77%10.17%10.03%10.54%+57 bps
Liquidity & Funding
Loans / Deposits88.63%81.98%74.10%75.25%85.12%-350 bps
Liquid Assets / Assets9.81%9.84%9.49%12.18%13.17%+336 bps
CRE / Total Capitaln/an/an/an/an/an/an/a