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First Community Bank

Keokuk, IA · Cert 30652

FDIC

Q1 2011

$118.0MAssets
$59.1MLoans
$95.8MDeposits
$10.8MEquity
Loan mix
74%RE $37.6M23%C&I $11.4M3%Consumer $1.5MQ1 2010Q1 2011
Deposit mix
86%Interest-bearing $82.2M14%Noninterest $13.6MQ1 2010Q1 2011

NIM

5.25%Q1 ’095.14%Q1 ’104.01%Q1 ’11+11%-27%

Non-interest income vs. expense

2.70%Q1 ’092.84%Q1 ’102.89%Q1 ’11+7%-4%

Executive Summary

  • Earnings: ROA of 0.34%, down 98 bps year over year; NIM at 2.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.28%.
  • Funding: loans stand at 61.66% of deposits as of Q1 2011.

Financial Results

Return on Assets (YTD, annualized)

0.34%-98 bps YoY

Net Interest Margin (YTD, annualized)

2.49%-91 bps YoY

Efficiency Ratio (YTD, annualized)

79.47%+1,526 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets1.32%0.70%0.05%10.07%10.34%-98 bps
Return on Equity15.02%7.73%0.53%0.75%3.70%-1,132 bps
Net Interest Margin3.40%3.34%3.31%3.21%2.49%-91 bps
Efficiency Ratio64.20%66.12%66.77%68.53%79.47%+1,526 bps
Non-Interest Burden1.82%1.88%1.88%1.87%1.74%-7 bps
Growth
Asset Growth (YoY)-3.03%-4.94%-5.95%-4.79%-1.64%+140 bps
Loan Growth (YoY)-10.12%-11.10%-12.25%-15.27%-11.69%-157 bps
Deposit Growth (YoY)-1.74%-2.72%-6.59%-6.73%-2.94%-120 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.57%0.82%1.00%2.02%1.28%+71 bps
Allowance / Loans1.48%1.95%3.23%2.66%2.66%+118 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 Capital15.73%15.95%15.78%16.12%16.55%+82 bps
Equity / Assets8.94%9.42%9.64%9.35%9.16%+22 bps
Liquidity & Funding
Loans / Deposits67.77%66.72%69.67%65.34%61.66%-611 bps
Liquid Assets / Assets0.49%0.09%0.93%1.09%0.94%+44 bps
CRE / Total Capitaln/an/an/an/an/an/an/a