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First Bank & Trust Company

Glidden, IA · Cert 15034

FDIC

Q2 2006

$57.2MAssets
$39.9MLoans
$43.6MDeposits
$7.9MEquity
Deposit mix
88%Interest-bearing $38.5M12%Noninterest $5.1MQ2 2005Q2 2006

NIM

5.05%Q2 ’045.26%Q2 ’055.87%Q2 ’06+3%+3%

Non-interest income vs. expense

2.12%Q2 ’042.01%Q2 ’051.72%Q2 ’06-8%-18%

Executive Summary

  • Earnings: ROA of 2.30%, up 37 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 91.38% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

2.30%+37 bps YoY

Net Interest Margin (quarter, annualized)

3.74%+11 bps YoY

Efficiency Ratio (quarter, annualized)

41.68%-832 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.93%1.67%2.64%1.96%2.30%+37 bps
Return on Equity15.06%12.69%19.67%14.41%16.75%+169 bps
Net Interest Margin3.63%3.40%3.60%3.61%3.74%+11 bps
Efficiency Ratio50.00%53.90%29.51%46.90%41.68%-832 bps
Non-Interest Burden1.62%1.66%0.82%1.54%1.34%-29 bps
Growth
Asset Growth (YoY)0.78%-1.79%-5.46%-5.53%-3.89%-466 bps
Loan Growth (YoY)5.97%3.07%-3.65%-2.06%-0.82%-679 bps
Deposit Growth (YoY)-1.72%-0.67%-2.52%-4.94%-2.79%-107 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.39%0.00%-0.01%-1 bps
Allowance / Loans1.99%1.96%2.04%2.02%1.92%-7 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 Capital19.62%19.88%21.25%20.96%20.63%+101 bps
Equity / Assets12.92%13.33%13.51%13.74%13.77%+85 bps
Liquidity & Funding
Loans / Deposits89.56%93.59%81.29%86.75%91.38%+181 bps
Liquid Assets / Assets28.82%26.96%27.35%28.24%26.33%-249 bps
CRE / Total Capitaln/an/an/an/an/an/an/a