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First National Bank

Hot Springs, AR · Cert 22391

FDIC

Q2 2007

$431.8MAssets
$279.6MLoans
$317.2MDeposits
$79.3MEquity
Loan mix
76%RE $173.7M23%C&I $52.9M0%Consumer $1.0MQ2 2006Q2 2007
Deposit mix
81%Interest-bearing $257.7M19%Noninterest $59.6MQ2 2006Q2 2007

NIM

1.65%Q2 ’055.44%Q2 ’065.77%Q2 ’07+215%-2%

Non-interest income vs. expense

0.76%Q2 ’052.36%Q2 ’062.49%Q2 ’07+240%+3%

Executive Summary

  • Earnings: ROA of 1.17%, unchanged from a year ago; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 88.14% of deposits as of Q2 2007.

Financial Results

Return on Assets (YTD, annualized)

1.17%0 bps YoY

Net Interest Margin (YTD, annualized)

3.55%-9 bps YoY

Efficiency Ratio (YTD, annualized)

57.17%+344 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.17%1.20%1.18%1.12%1.17%0 bps
Return on Equity5.99%6.17%6.11%6.00%6.30%+32 bps
Net Interest Margin3.64%3.66%3.66%3.58%3.55%-9 bps
Efficiency Ratio53.73%53.91%55.12%58.57%57.17%+344 bps
Non-Interest Burden1.73%1.75%1.79%1.88%1.79%+6 bps
Growth
Asset Growth (YoY)-0.37%-1.22%-0.60%7.26%7.47%+785 bps
Loan Growth (YoY)-5.99%-4.83%2.64%7.23%14.91%+2,090 bps
Deposit Growth (YoY)0.32%0.81%1.22%9.29%12.09%+1,177 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%-0.01%0.00%0.10%0.07%+8 bps
Allowance / Loans1.80%1.77%1.72%1.65%1.52%-27 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 Capital16.18%14.52%14.12%13.97%13.65%-254 bps
Equity / Assets19.41%18.92%19.06%18.19%18.36%-105 bps
Liquidity & Funding
Loans / Deposits85.98%87.93%88.20%83.52%88.14%+216 bps
Liquid Assets / Assets0.33%0.34%0.30%0.55%0.31%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a