PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First American National Bank

Iuka, MS · Cert 19226

FDIC · 10 branches

Q3 2023

$378.2MAssets
$235.8MLoans
$356.9MDeposits
$16.2MEquity
Loan mix
74%RE $162.6M12%C&I $25.4M14%Consumer $31.2MQ3 2022Q3 2023
Deposit mix
77%Interest-bearing $274.4M23%Noninterest $82.6MQ3 2022Q3 2023

NIM

4.07%Q3 ’213.87%Q3 ’224.62%Q3 ’23-5%-6%

Non-interest income vs. expense

3.54%Q3 ’213.48%Q3 ’223.92%Q3 ’23+18%+27%

Executive Summary

  • Earnings: ROA of 0.09%, down 84 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 1.16% of loans (+45 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 9.69%, down 58 bps from a year ago.
  • Funding: loans stand at 66.07% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

0.09%-84 bps YoY

Net Interest Margin (YTD, annualized)

3.38%-23 bps YoY

Efficiency Ratio (YTD, annualized)

90.19%+1,712 bps YoY

Tier 1 Leverage Ratio

9.69%-58 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.93%0.83%0.41%0.48%0.09%-84 bps
Return on Equity12.56%11.89%7.16%8.62%1.74%-1,082 bps
Net Interest Margin3.62%3.68%3.30%3.33%3.38%-23 bps
Efficiency Ratio73.07%75.14%83.23%83.40%90.19%+1,712 bps
Non-Interest Burden2.34%2.48%2.58%2.62%2.96%+62 bps
Growth
Asset Growth (YoY)-0.22%-0.66%1.29%2.95%1.99%+221 bps
Loan Growth (YoY)7.13%11.66%11.89%10.85%10.38%+324 bps
Deposit Growth (YoY)4.14%2.96%3.38%3.94%3.91%-23 bps
Asset Quality
Nonperforming Loans / Loans0.71%0.77%1.07%0.93%1.16%+45 bps
Net Charge-Offs / Loans0.17%0.08%0.06%0.07%0.08%-9 bps
Allowance / Loans1.02%1.12%1.26%1.22%1.44%+41 bps
Allowance Coverage of NPLs1.4x1.5x1.2x1.3x1.2x-0.2x
Capital
Tier 1 Leverage Ratio10.27%10.17%10.10%10.05%9.69%-58 bps
Total Risk-Based Capital10.27%10.17%10.10%10.05%9.69%-58 bps
Equity / Assets5.24%5.45%5.92%5.46%4.29%-95 bps
Liquidity & Funding
Loans / Deposits62.20%63.83%62.31%63.00%66.07%+387 bps
Liquid Assets / Assets4.80%3.12%3.60%3.51%3.56%-124 bps
CRE / Total Capitaln/an/an/an/an/an/an/a