PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of Wiggins

Wiggins, MS · Cert 21290

FDIC

Q3 2006

$47.4MAssets
$18.4MLoans
$44.2MDeposits
$3.0MEquity
Loan mix
93%RE $7.6M6%C&I $0.5M1%Consumer $0.1MQ3 2005Q3 2006
Deposit mix
75%Interest-bearing $33.3M25%Noninterest $10.9MQ3 2005Q3 2006

NIM

4.99%Q3 ’045.66%Q3 ’056.13%Q3 ’06+27%+12%

Non-interest income vs. expense

4.62%Q3 ’044.43%Q3 ’056.13%Q3 ’060%+65%

Executive Summary

  • Earnings: ROA of -1.98%, down 180 bps year over year; NIM at 3.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 41.48% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

-1.98%-180 bps YoY

Net Interest Margin (quarter, annualized)

3.69%+39 bps YoY

Efficiency Ratio (quarter, annualized)

147.64%+4,435 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets-0.18%-0.26%0.22%-3.26%-1.98%-180 bps
Return on Equity-2.40%-3.71%3.25%-48.55%-31.31%-2,892 bps
Net Interest Margin3.30%3.81%3.60%3.72%3.69%+39 bps
Efficiency Ratio103.29%104.38%94.67%98.02%147.64%+4,435 bps
Non-Interest Burden3.45%3.98%3.38%3.64%5.67%+223 bps
Growth
Asset Growth (YoY)-3.39%7.49%9.49%1.38%-2.55%+84 bps
Loan Growth (YoY)-4.30%-20.61%-25.99%-26.13%-28.93%-2,463 bps
Deposit Growth (YoY)-2.15%9.04%10.69%2.85%-1.63%+53 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.51%14.29%-0.18%0.25%0.02%-49 bps
Allowance / Loans4.03%1.48%1.61%3.73%3.84%-19 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 Capital12.47%13.36%14.06%14.06%12.50%+3 bps
Equity / Assets7.15%6.72%7.00%6.42%6.24%-91 bps
Liquidity & Funding
Loans / Deposits57.42%43.95%43.25%43.89%41.48%-1,594 bps
Liquid Assets / Assets1.01%0.96%0.48%0.51%0.50%-52 bps
CRE / Total Capitaln/an/an/an/an/an/an/a