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First Arkansas Valley Bank

Russellville, AR · Cert 18434

FDIC

Q3 2006

$644.7MAssets
$371.1MLoans
$480.5MDeposits
$99.4MEquity
Deposit mix
88%Interest-bearing $423.1M12%Noninterest $57.4MQ3 2005Q3 2006

NIM

5.18%Q3 ’045.72%Q3 ’056.10%Q3 ’06+2%-10%

Non-interest income vs. expense

2.18%Q3 ’042.24%Q3 ’052.18%Q3 ’06+4%-1%

Executive Summary

  • Earnings: ROA of 1.26%, down 17 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.07%.
  • Funding: loans stand at 77.24% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

1.26%-17 bps YoY

Net Interest Margin (YTD, annualized)

3.27%-38 bps YoY

Efficiency Ratio (YTD, annualized)

52.73%+365 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.42%0.25%1.27%1.31%1.26%-17 bps
Return on Equity15.19%2.30%8.04%8.33%8.01%-718 bps
Net Interest Margin3.65%0.72%3.36%3.36%3.27%-38 bps
Efficiency Ratio49.08%56.04%49.12%50.73%52.73%+365 bps
Non-Interest Burden1.40%0.33%1.32%1.36%1.39%-1 bps
Growth
Asset Growth (YoY)9.29%19.46%16.85%17.78%19.33%+1,004 bps
Loan Growth (YoY)7.54%2.26%-5.08%0.62%7.87%+33 bps
Deposit Growth (YoY)12.09%14.73%14.47%18.00%22.06%+997 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.51%0.14%-0.38%-0.13%-0.07%-58 bps
Allowance / Loans1.51%1.45%1.64%1.52%1.44%-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 Capital12.42%12.19%12.62%12.59%12.48%+6 bps
Equity / Assets9.53%15.72%15.82%15.77%15.42%+589 bps
Liquidity & Funding
Loans / Deposits87.40%82.08%78.06%79.08%77.24%-1,016 bps
Liquid Assets / Assets24.86%24.24%25.10%24.69%23.06%-180 bps
CRE / Total Capitaln/an/an/an/an/an/an/a