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First State Bank, The

Fairfax, OK · Cert 2335

FDIC

Q1 2013

$38.9MAssets
$16.8MLoans
$33.0MDeposits
$5.8MEquity
Loan mix
30%RE $3.5M55%C&I $6.5M15%Consumer $1.7MQ1 2012Q1 2013
Deposit mix
70%Interest-bearing $23.0M30%Noninterest $10.0MQ1 2012Q1 2013

NIM

4.17%Q1 ’113.55%Q1 ’123.11%Q1 ’13-13%-4%

Non-interest income vs. expense

4.35%Q1 ’113.91%Q1 ’123.81%Q1 ’13-2%-7%

Executive Summary

  • Earnings: ROA of -0.43%, up 11 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 50.96% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.43%+11 bps YoY

Net Interest Margin (quarter, annualized)

2.78%-13 bps YoY

Efficiency Ratio (quarter, annualized)

112.80%-353 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-0.54%-0.32%0.81%2.43%1-0.43%+11 bps
Return on Equity-4.08%-2.39%5.96%17.02%-2.88%+120 bps
Net Interest Margin2.91%3.01%2.91%2.80%2.78%-13 bps
Efficiency Ratio116.33%117.73%82.74%124.51%112.80%-353 bps
Non-Interest Burden3.46%3.65%2.08%3.67%3.22%-24 bps
Growth
Asset Growth (YoY)5.46%2.82%2.44%-9.83%-6.15%-1,161 bps
Loan Growth (YoY)-14.65%-11.81%-7.94%1.23%-2.83%+1,182 bps
Deposit Growth (YoY)6.70%3.99%3.19%-11.89%-7.86%-1,456 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.19%-0.05%0.41%0.12%-9 bps
Allowance / Loans1.35%1.32%1.41%1.36%1.39%+5 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 Capital28.60%29.23%29.29%30.01%30.46%+186 bps
Equity / Assets13.38%13.42%13.60%14.98%14.93%+155 bps
Liquidity & Funding
Loans / Deposits48.32%48.03%45.26%53.11%50.96%+264 bps
Liquid Assets / Assets2.47%3.09%3.27%3.26%3.37%+90 bps
CRE / Total Capitaln/an/an/an/an/an/an/a