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Letter portraitLegal landscapeQuarterYTD

First National Bank of Jacksboro, The

Jacksboro, TX · Cert 3274

FDIC

Q1 2012

$505.3MAssets
$296.6MLoans
$378.3MDeposits
$72.0MEquity
Loan mix
57%RE $126.7M37%C&I $82.8M6%Consumer $13.6MQ1 2011Q1 2012
Deposit mix
79%Interest-bearing $299.6M21%Noninterest $78.7MQ1 2011Q1 2012

NIM

4.55%Q1 ’104.05%Q1 ’113.97%Q1 ’12-7%+11%

Non-interest income vs. expense

3.07%Q1 ’102.78%Q1 ’112.95%Q1 ’12-11%+3%

Executive Summary

  • Earnings: ROA of -0.02%, down 17 bps year over year; NIM at 2.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.15%.
  • Funding: loans stand at 78.41% of deposits as of Q1 2012.

Financial Results

Return on Assets (quarter, annualized)

-0.02%-17 bps YoY

Net Interest Margin (quarter, annualized)

2.95%+28 bps YoY

Efficiency Ratio (quarter, annualized)

85.38%-485 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets0.15%0.37%0.49%0.44%-0.02%-17 bps
Return on Equity1.01%2.52%3.42%3.15%-0.15%-116 bps
Net Interest Margin2.66%3.04%3.06%2.98%2.95%+28 bps
Efficiency Ratio90.23%84.80%77.58%77.95%85.38%-485 bps
Non-Interest Burden2.51%2.66%2.43%2.35%2.59%+8 bps
Growth
Asset Growth (YoY)7.73%6.40%14.60%7.62%8.26%+53 bps
Loan Growth (YoY)1.30%10.63%16.46%12.81%6.99%+569 bps
Deposit Growth (YoY)4.70%8.63%18.34%9.14%9.44%+474 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.21%0.20%0.22%0.05%1.15%+94 bps
Allowance / Loans1.56%1.50%1.42%1.46%1.19%-37 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 Capital19.29%19.45%18.41%18.67%18.83%-46 bps
Equity / Assets14.78%14.91%14.01%13.90%14.26%-53 bps
Liquidity & Funding
Loans / Deposits80.20%79.81%77.74%78.12%78.41%-180 bps
Liquid Assets / Assets14.30%13.62%15.56%16.05%18.39%+409 bps
CRE / Total Capitaln/an/an/an/an/an/an/a