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First National Bank of Ruidoso

Ruidoso, NM · Cert 26491

FDIC

Q2 2011

$52.1MAssets
$28.7MLoans
$44.1MDeposits
$6.7MEquity
Loan mix
88%RE $19.6M5%C&I $1.1M7%Consumer $1.5MQ2 2010Q2 2011
Deposit mix
77%Interest-bearing $33.7M23%Noninterest $10.3MQ2 2010Q2 2011

NIM

5.15%Q2 ’095.15%Q2 ’104.70%Q2 ’11+6%-5%

Non-interest income vs. expense

3.81%Q2 ’093.96%Q2 ’104.39%Q2 ’11+8%+15%

Executive Summary

  • Earnings: ROA of 0.66%, down 48 bps year over year; NIM at 4.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.49%.
  • Funding: loans stand at 65.12% of deposits as of Q2 2011.

Financial Results

Return on Assets (YTD, annualized)

0.66%-48 bps YoY

Net Interest Margin (YTD, annualized)

4.25%-21 bps YoY

Efficiency Ratio (YTD, annualized)

85.09%+1,162 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets1.14%0.85%0.95%0.54%0.66%-48 bps
Return on Equity9.45%7.06%8.12%4.75%5.58%-387 bps
Net Interest Margin4.46%4.30%4.07%4.11%4.25%-21 bps
Efficiency Ratio73.47%75.84%75.08%85.95%85.09%+1,162 bps
Non-Interest Burden3.03%3.05%2.85%3.42%3.48%+45 bps
Growth
Asset Growth (YoY)-4.58%-0.52%6.03%4.51%-2.92%+166 bps
Loan Growth (YoY)-4.62%-4.16%-5.74%-7.39%-5.00%-38 bps
Deposit Growth (YoY)-6.27%-0.62%7.62%5.47%-0.54%+573 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.46%0.36%1.03%0.49%+49 bps
Allowance / Loans1.51%1.55%1.69%1.52%1.56%+6 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 Capital19.26%19.13%19.46%20.38%20.54%+128 bps
Equity / Assets12.14%11.98%10.64%11.96%12.91%+78 bps
Liquidity & Funding
Loans / Deposits68.18%65.43%57.49%62.93%65.12%-306 bps
Liquid Assets / Assets8.89%8.45%17.45%5.59%8.87%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a