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First State Bank

Wheatland, WY · Cert 23318

FDIC

Q1 2013

$287.3MAssets
$174.8MLoans
$254.6MDeposits
$26.3MEquity
Loan mix
67%RE $87.5M23%C&I $29.6M10%Consumer $12.6MQ1 2012Q1 2013
Deposit mix
88%Interest-bearing $225.1M12%Noninterest $29.5MQ1 2012Q1 2013

NIM

4.53%Q1 ’114.41%Q1 ’124.00%Q1 ’13+4%-8%

Non-interest income vs. expense

2.22%Q1 ’112.35%Q1 ’122.29%Q1 ’13-3%-6%

Executive Summary

  • Earnings: ROA of 1.09%, down 2 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 68.63% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

1.09%-2 bps YoY

Net Interest Margin (YTD, annualized)

3.24%-28 bps YoY

Efficiency Ratio (YTD, annualized)

59.25%+178 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets1.11%1.22%1.22%1.18%1.09%-2 bps
Return on Equity12.33%13.35%13.44%12.96%11.91%-42 bps
Net Interest Margin3.52%3.52%3.54%3.44%3.24%-28 bps
Efficiency Ratio57.47%55.82%55.62%56.56%59.25%+178 bps
Non-Interest Burden1.78%1.66%1.67%1.66%1.66%-11 bps
Growth
Asset Growth (YoY)-2.81%0.85%3.12%4.56%5.53%+834 bps
Loan Growth (YoY)0.74%0.56%4.93%4.30%0.35%-39 bps
Deposit Growth (YoY)-4.04%0.09%3.06%4.69%5.43%+947 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.00%0.02%0.01%-1 bps
Allowance / Loans1.66%1.65%1.66%1.68%1.73%+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 Capital13.89%14.10%13.62%14.07%14.62%+73 bps
Equity / Assets8.93%9.32%8.94%9.11%9.17%+23 bps
Liquidity & Funding
Loans / Deposits72.11%74.23%72.77%71.80%68.63%-348 bps
Liquid Assets / Assets2.21%2.22%1.68%1.77%1.74%-47 bps
CRE / Total Capitaln/an/an/an/an/an/an/a