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First National Bank of Fairfield, The

Fairfield, MT · Cert 2173

FDIC

Q4 2009

$93.0MAssets
$50.7MLoans
$74.1MDeposits
$15.9MEquity
Loan mix
73%RE $23.5M23%C&I $7.5M3%Consumer $1.0MQ4 2008Q4 2009
Deposit mix
83%Interest-bearing $61.4M17%Noninterest $12.7MQ4 2008Q4 2009

NIM

6.60%Q4 ’075.98%Q4 ’085.09%Q4 ’09-5%-4%

Non-interest income vs. expense

1.94%Q4 ’072.20%Q4 ’082.28%Q4 ’09+61%+17%

Executive Summary

  • Earnings: ROA of 1.42%, up 18 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 68.37% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

1.42%+18 bps YoY

Net Interest Margin (YTD, annualized)

3.36%-14 bps YoY

Efficiency Ratio (YTD, annualized)

57.72%+599 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets1.24%1.84%1.50%1.45%1.42%+18 bps
Return on Equity8.09%10.92%8.94%8.50%8.32%+23 bps
Net Interest Margin3.50%3.51%3.35%3.46%3.36%-14 bps
Efficiency Ratio51.73%54.02%59.99%59.22%57.72%+599 bps
Non-Interest Burden1.45%1.63%1.78%1.80%1.69%+24 bps
Growth
Asset Growth (YoY)-2.58%-4.52%-1.51%-4.54%3.68%+627 bps
Loan Growth (YoY)-1.06%1.78%3.19%6.05%5.54%+659 bps
Deposit Growth (YoY)-4.00%-6.67%-2.86%-6.38%1.04%+504 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%-0.14%-0.04%-0.03%0.11%-7 bps
Allowance / Loans2.21%2.44%2.42%2.26%2.14%-7 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 Capital26.29%28.36%28.01%27.56%26.92%+63 bps
Equity / Assets16.54%17.21%16.66%17.80%17.13%+59 bps
Liquidity & Funding
Loans / Deposits65.46%62.17%61.73%70.44%68.37%+291 bps
Liquid Assets / Assets15.51%14.50%9.33%10.23%8.06%-745 bps
CRE / Total Capitaln/an/an/an/an/an/an/a