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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

0.78%Q2 ’055.52%Q2 ’065.93%Q2 ’07+593%0%

Non-interest income vs. expense

0.37%Q2 ’052.37%Q2 ’062.50%Q2 ’07+731%+2%

Executive Summary

  • Earnings: ROA of 1.21%, down 2 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 88.14% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

1.21%-2 bps YoY

Net Interest Margin (quarter, annualized)

3.63%-1 bps YoY

Efficiency Ratio (quarter, annualized)

55.86%+187 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets1.23%1.25%1.14%1.12%1.21%-2 bps
Return on Equity6.36%6.52%6.00%6.00%6.60%+25 bps
Net Interest Margin3.64%3.72%3.72%3.58%3.63%-1 bps
Efficiency Ratio53.98%54.25%58.66%58.57%55.86%+187 bps
Non-Interest Burden1.73%1.78%1.97%1.88%1.77%+4 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 / Loans0.01%-0.02%0.04%0.10%0.05%+4 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