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First National Bank of Lucedale

Lucedale, MS · Cert 20329

FDIC

Q4 2012

$115.6MAssets
$87.8MLoans
$102.3MDeposits
$9.6MEquity
Loan mix
91%RE $64.8M6%C&I $4.2M3%Consumer $1.9MQ4 2011Q4 2012
Deposit mix
95%Interest-bearing $97.7M5%Noninterest $4.6MQ4 2011Q4 2012

NIM

3.97%Q4 ’104.61%Q4 ’114.22%Q4 ’12+37%+0%

Non-interest income vs. expense

2.93%Q4 ’103.22%Q4 ’112.94%Q4 ’12+11%-8%

Executive Summary

  • Earnings: ROA of 0.39%, up 21 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 85.84% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

0.39%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.34%+1 bps YoY

Efficiency Ratio (YTD, annualized)

85.15%-762 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.18%0.28%0.26%0.29%0.39%+21 bps
Return on Equity2.02%3.25%3.01%3.37%4.64%+261 bps
Net Interest Margin3.33%3.49%3.53%3.33%3.34%+1 bps
Efficiency Ratio92.78%83.59%86.94%87.28%85.15%-762 bps
Non-Interest Burden3.08%2.88%3.04%2.89%2.83%-25 bps
Growth
Asset Growth (YoY)4.20%13.12%16.97%27.08%21.24%+1,704 bps
Loan Growth (YoY)19.73%18.62%19.60%23.32%23.12%+339 bps
Deposit Growth (YoY)4.03%13.44%15.96%28.13%17.54%+1,351 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%-0.01%0.00%0.00%0.00%-30 bps
Allowance / Loans0.88%0.96%0.94%0.92%0.89%+1 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 Capital11.82%12.45%11.69%11.90%11.55%-27 bps
Equity / Assets8.47%8.73%8.42%8.42%8.28%-19 bps
Liquidity & Funding
Loans / Deposits81.95%81.99%84.88%81.29%85.84%+389 bps
Liquid Assets / Assets3.75%7.72%5.29%9.34%9.44%+569 bps
CRE / Total Capitaln/an/an/an/an/an/an/a