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First Federal Iowa Bank

Fort Dodge, IA · Cert 30742

FDIC

Q1 2012

$434.9MAssets
$320.3MLoans
$365.6MDeposits
$40.5MEquity
Loan mix
93%RE $246.6M1%C&I $3.0M6%Consumer $16.1MQ1 2011Q1 2012
Deposit mix
93%Interest-bearing $341.3M7%Noninterest $24.3MQ1 2011Q1 2012

NIM

4.59%Q3 ’114.45%Q4 ’114.44%Q1 ’120%+2%

Non-interest income vs. expense

3.64%Q3 ’113.58%Q4 ’114.28%Q1 ’12+9%+38%

Executive Summary

  • Earnings: ROA of 0.13%, down 49 bps year over year; NIM at 3.42%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 87.61% of deposits as of Q1 2012.

Financial Results

Return on Assets (quarter, annualized)

0.13%-49 bps YoY

Net Interest Margin (quarter, annualized)

3.42%

Efficiency Ratio (quarter, annualized)

87.53%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets0.62%0.58%0.95%0.34%0.13%-49 bps
Return on Equityn/an/a8.39%3.28%1.42%n/a
Net Interest Marginn/a3.26%3.35%3.34%3.42%n/a
Efficiency Ration/a76.78%70.90%69.62%87.53%n/a
Non-Interest Burdenn/an/a1.86%2.03%2.81%n/a
Growth
Asset Growth (YoY)1.50%-2.08%-5.70%-4.17%-5.44%-694 bps
Loan Growth (YoY)-11.29%-8.91%-7.03%-4.78%-0.52%+1,077 bps
Deposit Growth (YoY)7.22%3.76%-0.46%3.26%-0.90%-813 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.33%1.47%0.28%0.01%n/a
Allowance / Loansn/a1.82%1.61%1.83%1.87%n/a
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 Capitaln/a17.51%18.23%14.74%14.77%n/a
Equity / Assetsn/a11.01%11.69%9.31%9.31%n/a
Liquidity & Funding
Loans / Deposits87.27%89.52%90.00%87.60%87.61%+34 bps
Liquid Assets / Assets0.00%4.73%3.18%2.95%3.36%+336 bps
CRE / Total Capitaln/an/an/an/an/an/an/a