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Letter portraitLegal landscapeQuarterYTD

First National Bank of Jasper, The

Jasper, AL · Cert 2808

FDIC

Q1 2010

$570.0MAssets
$344.7MLoans
$508.9MDeposits
$39.9MEquity
Loan mix
79%RE $224.2M21%C&I $60.1M0%Consumer $0.3MQ1 2009Q1 2010
Deposit mix
83%Interest-bearing $423.5M17%Noninterest $85.4MQ1 2009Q1 2010

NIM

6.29%Q1 ’085.14%Q1 ’094.78%Q1 ’10-16%+11%

Non-interest income vs. expense

2.27%Q1 ’082.48%Q1 ’092.64%Q1 ’10+28%+18%

Executive Summary

  • Earnings: ROA of 0.66%, down 18 bps year over year; NIM at 3.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 67.73% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

0.66%-18 bps YoY

Net Interest Margin (quarter, annualized)

3.77%+39 bps YoY

Efficiency Ratio (quarter, annualized)

58.75%+24 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.85%0.74%1.27%0.64%0.66%-18 bps
Return on Equity10.20%9.05%16.11%8.56%9.27%-93 bps
Net Interest Margin3.38%3.50%3.62%3.69%3.77%+39 bps
Efficiency Ratio58.51%62.20%54.86%55.32%58.75%+24 bps
Non-Interest Burden1.62%1.83%1.59%1.65%1.91%+29 bps
Growth
Asset Growth (YoY)3.59%2.76%2.39%1.97%0.30%-329 bps
Loan Growth (YoY)3.19%2.76%-5.05%-7.78%-13.13%-1,632 bps
Deposit Growth (YoY)9.24%8.17%7.01%5.91%1.27%-797 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%0.65%0.12%0.77%0.21%+4 bps
Allowance / Loans1.46%1.49%1.81%2.12%2.54%+109 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 Capital11.72%11.49%11.48%11.39%11.80%+8 bps
Equity / Assets8.38%8.06%7.74%7.30%7.01%-137 bps
Liquidity & Funding
Loans / Deposits78.96%78.58%74.67%70.96%67.73%-1,123 bps
Liquid Assets / Assets0.02%0.11%1.08%0.05%10.63%+1,061 bps
CRE / Total Capitaln/an/an/an/an/an/an/a