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First National Bank

Ashdown, AR · Cert 20360

FDIC

Q4 2005

$68.8MAssets
$31.3MLoans
$59.6MDeposits
$7.1MEquity
Deposit mix
90%Interest-bearing $53.9M10%Noninterest $5.8MQ4 2004Q4 2005

NIM

5.77%Q4 ’035.53%Q4 ’045.30%Q4 ’05-3%-19%

Non-interest income vs. expense

2.68%Q4 ’032.68%Q4 ’042.58%Q4 ’05+38%-5%

Executive Summary

  • Earnings: ROA of 0.94%, up 122 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.60%.
  • Funding: loans stand at 52.44% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

0.94%+122 bps YoY

Net Interest Margin (quarter, annualized)

3.47%-79 bps YoY

Efficiency Ratio (quarter, annualized)

64.56%+842 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets-0.28%1.02%1.14%1.15%0.94%+122 bps
Return on Equity-2.00%9.12%12.73%11.56%9.26%+1,126 bps
Net Interest Margin4.26%3.79%4.08%4.18%3.47%-79 bps
Efficiency Ratio56.14%55.78%57.48%60.17%64.56%+842 bps
Non-Interest Burden2.27%1.97%2.26%2.39%2.16%-11 bps
Growth
Asset Growth (YoY)-5.44%-7.68%-18.99%-19.41%-18.90%-1,345 bps
Loan Growth (YoY)-14.49%-27.77%-37.59%-41.40%-36.95%-2,246 bps
Deposit Growth (YoY)-2.38%-8.15%-15.34%-15.58%-17.52%-1,514 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.14%3.02%0.11%0.17%0.60%-54 bps
Allowance / Loans3.39%3.38%3.84%4.24%4.32%+92 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 Capital23.09%15.39%18.04%19.58%20.65%-244 bps
Equity / Assets14.03%8.17%9.84%10.06%10.32%-371 bps
Liquidity & Funding
Loans / Deposits68.59%61.61%58.96%52.47%52.44%-1,616 bps
Liquid Assets / Assets0.06%0.07%0.08%0.08%0.08%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a