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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

4.14%Q4 ’104.66%Q4 ’114.63%Q4 ’12+34%+8%

Non-interest income vs. expense

3.40%Q4 ’103.38%Q4 ’113.06%Q4 ’12-2%-6%

Executive Summary

  • Earnings: ROA of 0.67%, up 47 bps year over year; NIM at 3.78%.
  • 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 (quarter, annualized)

0.67%+47 bps YoY

Net Interest Margin (quarter, annualized)

3.78%+27 bps YoY

Efficiency Ratio (quarter, annualized)

79.65%-1,127 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.21%0.28%0.24%0.34%0.67%+47 bps
Return on Equity2.38%3.25%2.75%4.09%8.08%+570 bps
Net Interest Margin3.51%3.49%3.66%3.47%3.78%+27 bps
Efficiency Ratio90.92%83.59%90.07%87.93%79.65%-1,127 bps
Non-Interest Burden3.17%2.88%3.28%3.04%2.99%-18 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 / Loans0.47%-0.01%0.00%0.00%0.00%-47 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