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Bank of Lockesburg

Lockesburg, AR · Cert 26268

FDIC

Q4 2006

$44.9MAssets
$26.7MLoans
$26.8MDeposits
$4.8MEquity
Loan mix
75%RE $13.1M24%C&I $4.2M1%Consumer $0.1MQ4 2005Q4 2006
Deposit mix
83%Interest-bearing $22.2M17%Noninterest $4.7MQ4 2005Q4 2006

NIM

5.21%Q4 ’045.20%Q4 ’056.16%Q4 ’06-14%+12%

Non-interest income vs. expense

5.36%Q4 ’043.64%Q4 ’052.82%Q4 ’06-37%-22%

Executive Summary

  • Earnings: ROA of 0.35%, up 183 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.43%.
  • Funding: loans stand at 99.32% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

0.35%+183 bps YoY

Net Interest Margin (quarter, annualized)

2.74%+30 bps YoY

Efficiency Ratio (quarter, annualized)

88.20%-3,083 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets-1.48%-0.16%-0.48%-0.03%0.35%+183 bps
Return on Equity-13.90%-1.52%-4.70%-0.34%3.42%+1,733 bps
Net Interest Margin2.44%2.39%2.45%2.79%2.74%+30 bps
Efficiency Ratio119.03%104.14%115.29%100.29%88.20%-3,083 bps
Non-Interest Burden3.03%2.53%2.90%2.80%2.37%-66 bps
Growth
Asset Growth (YoY)1.44%6.67%1.42%2.89%2.28%+84 bps
Loan Growth (YoY)19.35%18.13%5.53%5.06%7.56%-1,179 bps
Deposit Growth (YoY)1.34%11.27%10.99%-7.33%-12.95%-1,429 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.86%0.00%-0.09%0.61%0.43%-42 bps
Allowance / Loans1.05%1.04%1.00%0.79%0.76%-28 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 Capital17.95%17.65%16.43%15.29%16.98%-97 bps
Equity / Assets10.81%10.57%9.91%9.62%10.75%-6 bps
Liquidity & Funding
Loans / Deposits80.38%77.92%78.42%90.99%99.32%+1,894 bps
Liquid Assets / Assets1.00%0.84%0.79%0.10%0.74%-26 bps
CRE / Total Capitaln/an/an/an/an/an/an/a