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First State Bank

Junction City, KS · Cert 17278

FDIC

Q4 2006

$44.0MAssets
$18.5MLoans
$40.6MDeposits
$3.3MEquity
Deposit mix
85%Interest-bearing $34.4M15%Noninterest $6.2MQ4 2005Q4 2006

NIM

3.86%Q4 ’044.49%Q4 ’055.38%Q4 ’06+3%+11%

Non-interest income vs. expense

4.19%Q4 ’044.08%Q4 ’053.69%Q4 ’06-3%-19%

Executive Summary

  • Earnings: ROA of 1.67%, up 93 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.30%.
  • Funding: loans stand at 45.59% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

1.67%+93 bps YoY

Net Interest Margin (YTD, annualized)

3.44%+33 bps YoY

Efficiency Ratio (YTD, annualized)

70.38%-1,344 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.74%1.13%1.09%1.37%1.67%+93 bps
Return on Equity9.15%14.00%13.79%17.17%21.13%+1,197 bps
Net Interest Margin3.11%3.14%3.22%3.28%3.44%+33 bps
Efficiency Ratio83.82%77.19%77.35%73.07%70.38%-1,344 bps
Non-Interest Burden2.32%1.99%2.10%1.89%1.89%-44 bps
Growth
Asset Growth (YoY)-10.65%11.41%-11.56%7.89%24.80%+3,545 bps
Loan Growth (YoY)2.67%6.72%-2.70%8.78%9.15%+648 bps
Deposit Growth (YoY)-10.18%12.64%-12.50%7.90%26.32%+3,650 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.20%0.14%0.10%-0.30%-36 bps
Allowance / Loans0.47%0.39%0.39%0.37%0.39%-8 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 Capital13.64%12.05%12.42%14.21%13.87%+22 bps
Equity / Assets8.65%7.52%7.69%8.22%7.47%-118 bps
Liquidity & Funding
Loans / Deposits52.76%47.91%49.04%53.46%45.59%-717 bps
Liquid Assets / Assets6.88%5.95%6.03%6.08%5.45%-143 bps
CRE / Total Capitaln/an/an/an/an/an/an/a