First Federal Bank

Harrison, AR · Cert 28982

FDIC · 13 branches

Q4 2014

$603.8MAssets

$435.0MLoans

$509.5MDeposits

$69.2MEquity

Loan mix

Deposit mix

NIM

Market Position · Fayetteville-Springdale-Rogers, AR-MO · 2014 SOD (annual) · 1.1% share · #20 of 39 inst. · $0.1B of $8.6B

32.3% Boone

11.3% Baxter

1.2% Washington

1.1% Benton

Earnings: ROA of 0.29%, up 2 bps year over year; NIM at 2.87%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
Funding: loans stand at 85.38% of deposits as of Q4 2014.

Return on Assets (quarter, annualized)

0.29%+2 bps YoY

Net Interest Margin (quarter, annualized)

2.87%0 bps YoY

Efficiency Ratio (quarter, annualized)

76.45%-1,659 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2013	Q1 2014	Q2 2014	Q3 2014	Q4 2014	YoY Δ	Trend
Earnings
Return on Assets	0.27%	-0.08%	0.18%	14.77%	0.29%	+2 bps
Return on Equity	2.06%	-0.66%	1.72%	147.08%	2.53%	+48 bps
Net Interest Margin	2.87%	2.78%	2.79%	2.91%	2.87%	0 bps
Efficiency Ratio	93.05%	102.34%	99.11%	93.29%	76.45%	-1,659 bps
Non-Interest Burden	2.60%	2.86%	2.76%	2.66%	1.90%	-70 bps
Growth
Asset Growth (YoY)	3.48%	3.95%	7.59%	13.48%	10.01%	+653 bps
Loan Growth (YoY)	8.57%	13.92%	17.94%	18.33%	12.09%	+352 bps
Deposit Growth (YoY)	3.04%	3.71%	11.14%	13.07%	8.13%	+509 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.38%	0.23%	0.30%	0.02%	0.04%	-34 bps
Allowance / Loans	3.28%	3.09%	2.96%	2.81%	2.78%	-49 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	18.68%	17.97%	12.05%	12.36%	12.68%	-599 bps
Equity / Assets	12.82%	12.46%	8.56%	11.41%	11.46%	-136 bps
Liquidity & Funding
Loans / Deposits	82.37%	82.33%	83.33%	83.79%	85.38%	+302 bps
Liquid Assets / Assets	7.62%	8.06%	3.80%	5.21%	2.30%	-533 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a