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Letter portraitLegal landscapeQuarterYTD

First National Bank of Canadian, The

Canadian, TX · Cert 3128

FDIC

Q3 2009

$109.3MAssets
$28.8MLoans
$99.7MDeposits
$9.5MEquity
Deposit mix
79%Interest-bearing $78.5M21%Noninterest $21.3MQ3 2008Q3 2009

NIM

5.62%Q3 ’074.66%Q3 ’084.22%Q3 ’09-6%+13%

Non-interest income vs. expense

2.03%Q3 ’071.66%Q3 ’082.00%Q3 ’09+7%-13%

Executive Summary

  • Earnings: ROA of 1.89%, up 176 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 28.92% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

1.89%+176 bps YoY

Net Interest Margin (YTD, annualized)

3.63%+41 bps YoY

Efficiency Ratio (YTD, annualized)

49.24%-467 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets0.14%0.49%2.07%1.80%1.89%+176 bps
Return on Equity2.01%7.06%27.89%23.03%23.62%+2,161 bps
Net Interest Margin3.22%3.09%3.68%3.62%3.63%+41 bps
Efficiency Ratio53.90%53.62%41.40%46.05%49.24%-467 bps
Non-Interest Burden1.80%1.69%1.41%1.57%1.58%-23 bps
Growth
Asset Growth (YoY)25.83%22.43%12.99%2.06%0.30%-2,553 bps
Loan Growth (YoY)-3.06%0.95%7.91%3.87%8.58%+1,164 bps
Deposit Growth (YoY)27.02%22.18%11.98%-0.46%-0.94%-2,796 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.00%0.00%-0.01%0.01%-1 bps
Allowance / Loans1.87%1.86%1.78%1.74%1.04%-83 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 Capital22.52%21.83%20.70%21.09%20.30%-222 bps
Equity / Assets7.50%7.10%7.72%8.68%8.69%+119 bps
Liquidity & Funding
Loans / Deposits26.38%23.52%25.00%28.09%28.92%+254 bps
Liquid Assets / Assets41.04%35.82%36.29%40.49%39.99%-105 bps
CRE / Total Capitaln/an/an/an/an/an/an/a