PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Commercial Bank of Huntsville

Huntsville, AL · Cert 25645

FDIC

Q1 2010

$742.8MAssets
$517.9MLoans
$631.8MDeposits
$58.7MEquity
Loan mix
84%RE $351.5M16%C&I $68.3M0%Consumer $0.3MQ1 2009Q1 2010
Deposit mix
86%Interest-bearing $546.0M14%Noninterest $85.8MQ1 2009Q1 2010

NIM

6.26%Q1 ’085.00%Q1 ’094.26%Q1 ’10+3%-12%

Non-interest income vs. expense

2.00%Q1 ’081.80%Q1 ’091.91%Q1 ’10-16%+18%

Executive Summary

  • Earnings: ROA of 0.36%, down 68 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 1.60%.
  • Funding: loans stand at 81.97% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

0.36%-68 bps YoY

Net Interest Margin (quarter, annualized)

3.24%-46 bps YoY

Efficiency Ratio (quarter, annualized)

51.99%+960 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets1.04%0.93%0.74%0.78%0.36%-68 bps
Return on Equity11.16%10.13%8.33%9.29%4.52%-664 bps
Net Interest Margin3.69%3.64%3.67%3.56%3.24%-46 bps
Efficiency Ratio42.39%48.04%46.40%47.28%51.99%+960 bps
Non-Interest Burden1.25%1.45%1.42%1.40%1.47%+22 bps
Growth
Asset Growth (YoY)1.35%3.40%8.37%11.85%11.42%+1,007 bps
Loan Growth (YoY)0.27%0.09%1.40%-0.82%-3.60%-387 bps
Deposit Growth (YoY)11.96%12.11%13.07%18.08%18.37%+642 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%-0.02%1.02%0.09%1.60%+128 bps
Allowance / Loans1.97%2.25%2.44%2.68%2.73%+76 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 Capital10.77%10.91%11.00%10.95%10.47%-30 bps
Equity / Assets9.24%9.17%8.60%8.21%7.91%-134 bps
Liquidity & Funding
Loans / Deposits100.66%94.62%87.66%85.26%81.97%-1,869 bps
Liquid Assets / Assets0.00%0.82%2.32%10.99%10.78%+1,078 bps
CRE / Total Capitaln/an/an/an/an/an/an/a