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First National Bank of Olney

Olney, TX · Cert 26920

FDIC

Q3 2010

$52.8MAssets
$47.4MLoans
$47.0MDeposits
$5.8MEquity
Deposit mix
69%Interest-bearing $32.3M31%Noninterest $14.7MQ3 2009Q3 2010

NIM

6.31%Q3 ’085.33%Q3 ’094.98%Q3 ’10-1%-3%

Non-interest income vs. expense

1.92%Q3 ’082.19%Q3 ’092.28%Q3 ’10+20%+5%

Executive Summary

  • Earnings: ROA of 2.79%, down 22 bps year over year; NIM at 4.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 100.94% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

2.79%-22 bps YoY

Net Interest Margin (YTD, annualized)

4.49%-14 bps YoY

Efficiency Ratio (YTD, annualized)

44.91%+293 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets3.01%2.88%3.10%2.90%2.79%-22 bps
Return on Equity28.06%27.30%29.28%27.74%26.37%-169 bps
Net Interest Margin4.64%4.63%4.83%4.70%4.49%-14 bps
Efficiency Ratio41.99%41.55%42.08%43.62%44.91%+293 bps
Non-Interest Burden1.62%1.61%1.73%1.73%1.70%+8 bps
Growth
Asset Growth (YoY)4.74%-1.89%1.33%8.26%-3.46%-820 bps
Loan Growth (YoY)5.43%-7.30%0.14%-1.53%-8.66%-1,409 bps
Deposit Growth (YoY)-10.67%-2.20%1.15%9.50%12.21%+2,288 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.32%0.00%0.00%0.00%0 bps
Allowance / Loans1.02%0.93%0.94%1.01%0.98%-4 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 Capital12.97%12.21%13.21%13.52%13.81%+84 bps
Equity / Assets11.00%9.96%11.26%10.23%10.90%-10 bps
Liquidity & Funding
Loans / Deposits124.01%101.62%106.60%95.29%100.94%-2,306 bps
Liquid Assets / Assets0.05%3.81%0.71%10.31%6.50%+645 bps
CRE / Total Capitaln/an/an/an/an/an/an/a