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First National Bank & Trust

Kokomo, IN · Cert 16298

FDIC

Q1 2007

$1.4BAssets
$875.4MLoans
$964.3MDeposits
$293.5MEquity
Loan mix
93%RE $696.3M6%C&I $47.7M0%Consumer $0.9MQ1 2006Q1 2007
Deposit mix
89%Interest-bearing $862.5M11%Noninterest $101.8MQ1 2006Q1 2007

NIM

4.59%Q1 ’055.46%Q1 ’065.93%Q1 ’07+22%-9%

Non-interest income vs. expense

2.94%Q1 ’052.69%Q1 ’062.81%Q1 ’07-26%+10%

Executive Summary

  • Earnings: ROA of 0.86%, down 95 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 90.78% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

0.86%-95 bps YoY

Net Interest Margin (quarter, annualized)

3.02%-29 bps YoY

Efficiency Ratio (quarter, annualized)

57.83%-149 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.81%1.47%1.55%-5.17%0.86%-95 bps
Return on Equity16.99%13.86%14.68%-52.53%5.69%-1,130 bps
Net Interest Margin3.31%3.43%3.32%3.05%3.02%-29 bps
Efficiency Ratio59.32%68.43%65.57%219%57.83%-149 bps
Non-Interest Burden1.49%1.99%1.76%8.23%1.63%+14 bps
Growth
Asset Growth (YoY)-5.76%-4.68%3.01%5.41%13.19%+1,895 bps
Loan Growth (YoY)5.35%4.66%8.53%8.18%7.47%+212 bps
Deposit Growth (YoY)10.91%10.21%9.02%6.63%5.89%-502 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.06%-1.17%0.06%1.26%0.04%+10 bps
Allowance / Loans1.09%1.36%1.32%1.00%0.98%-11 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 Capital12.79%12.91%12.97%10.81%14.64%+185 bps
Equity / Assets10.85%10.43%10.69%9.02%20.92%+1,007 bps
Liquidity & Funding
Loans / Deposits89.44%92.05%94.12%92.45%90.78%+134 bps
Liquid Assets / Assets0.06%0.06%0.06%0.06%0.06%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a