First Arvest Bank

Siloam Springs, AR · Cert 14648

FDIC

Q4 2001

$250.2MAssets

$187.2MLoans

$214.1MDeposits

$18.7MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.31%, up 25 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 0.27%.
Funding: loans stand at 87.45% of deposits as of Q4 2001.

Return on Assets (YTD, annualized)

1.31%+25 bps YoY

Net Interest Margin (YTD, annualized)

4.09%

Efficiency Ratio (YTD, annualized)

62.91%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.13%	1.22%	1.06%	1.06%	1.26%	1.28%	1.27%	1.31%	+25 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	4.12%	4.08%	4.06%	4.09%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	64.81%	63.34%	63.02%	62.91%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.15%	2.01%	1.95%	1.93%	n/a
Growth
Asset Growth (YoY)	-1.97%	-3.78%	16.90%	22.01%	18.00%	20.64%	5.42%	0.68%	-2,134 bps
Loan Growth (YoY)	12.07%	10.96%	19.93%	31.92%	25.34%	20.33%	9.21%	-1.08%	-3,300 bps
Deposit Growth (YoY)	-2.44%	-3.91%	19.91%	26.41%	22.28%	25.27%	7.96%	2.13%	-2,428 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.23%	0.31%	0.29%	0.27%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.31%	1.32%	1.36%	1.33%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	10.82%	10.58%	10.64%	11.08%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	7.34%	7.05%	7.13%	7.48%	n/a
Liquidity & Funding
Loans / Deposits	86.24%	88.73%	84.18%	90.29%	88.40%	85.22%	85.15%	87.45%	-284 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.43%	0.23%	0.20%	0.22%	+22 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a