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First Federal Bank

Lexington, KY · Cert 29594

FDIC

Q1 2013

$93.0MAssets
$67.2MLoans
$87.2MDeposits
$809KEquity
Loan mix
95%RE $53.6M5%C&I $2.9M0%Consumer $0.0MQ1 2012Q1 2013
Deposit mix
94%Interest-bearing $82.0M6%Noninterest $5.2MQ1 2012Q1 2013

NIM

3.51%Q1 ’123.48%Q1 ’13+11%

Non-interest income vs. expense

4.35%Q1 ’125.44%Q1 ’13+17%

Executive Summary

  • Earnings: ROA of -1.92%, down 26 bps year over year; NIM at 2.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 77.01% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

-1.92%-26 bps YoY

Net Interest Margin (quarter, annualized)

2.55%+26 bps YoY

Efficiency Ratio (quarter, annualized)

159.37%+15 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets-1.66%-10.49%-5.51%-10.92%-1.92%-26 bps
Return on Equityn/a-172.11%-127.43%-423%-178.25%n/a
Net Interest Margin2.29%2.37%2.13%2.32%2.55%+26 bps
Efficiency Ratio159.22%n/a858%279%159.37%+15 bps
Non-Interest Burden3.91%12.16%6.63%12.35%4.57%+67 bps
Growth
Asset Growth (YoY)-15.47%-14.48%-18.73%-21.86%-21.80%-634 bps
Loan Growth (YoY)-7.08%-10.50%-12.71%-17.08%-22.79%-1,571 bps
Deposit Growth (YoY)-13.18%-9.51%-8.05%-12.87%-11.93%+125 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.81%3.24%0.13%2.36%0.10%-271 bps
Allowance / Loans4.62%4.24%4.82%5.00%5.31%+69 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 Capital11.15%8.23%6.68%3.12%2.40%-876 bps
Equity / Assets7.39%4.80%3.80%1.27%0.87%-652 bps
Liquidity & Funding
Loans / Deposits87.84%82.16%79.38%76.02%77.01%-1,083 bps
Liquid Assets / Assets6.47%11.04%10.15%10.74%8.62%+214 bps
CRE / Total Capitaln/an/an/an/an/an/an/a