PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Citizens Bank

Presque Isle, ME · Cert 32940

FDIC

Q4 2006

$133.3MAssets
$98.8MLoans
$120.3MDeposits
$11.7MEquity
Loan mix
72%RE $45.0M28%C&I $17.4M1%Consumer $0.3MQ4 2005Q4 2006
Deposit mix
87%Interest-bearing $105.2M13%Noninterest $15.0MQ4 2005Q4 2006

NIM

5.57%Q4 ’045.96%Q4 ’056.43%Q4 ’06+1%-8%

Non-interest income vs. expense

3.70%Q4 ’043.90%Q4 ’054.66%Q4 ’06+2%+23%

Executive Summary

  • Earnings: ROA of -0.52%, down 109 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.28%.
  • Funding: loans stand at 82.19% of deposits as of Q4 2006.

Financial Results

Return on Assets (YTD, annualized)

-0.52%-109 bps YoY

Net Interest Margin (YTD, annualized)

4.00%-35 bps YoY

Efficiency Ratio (YTD, annualized)

100.02%+2,199 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets0.57%0.57%0.47%0.38%-0.52%-109 bps
Return on Equity6.09%6.07%5.04%4.11%-5.69%-1,178 bps
Net Interest Margin4.35%4.00%4.01%3.97%4.00%-35 bps
Efficiency Ratio78.02%82.79%82.69%84.22%100.02%+2,199 bps
Non-Interest Burden3.26%3.21%3.20%3.24%4.00%+75 bps
Growth
Asset Growth (YoY)-3.90%-0.83%5.94%4.74%1.53%+543 bps
Loan Growth (YoY)4.20%5.46%11.51%11.55%6.68%+247 bps
Deposit Growth (YoY)-7.40%-2.74%5.13%4.58%5.33%+1,273 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.49%0.31%0.37%0.28%-2 bps
Allowance / Loans1.13%1.06%1.04%0.98%1.92%+79 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 Capital16.05%16.08%15.77%15.71%14.79%-125 bps
Equity / Assets9.53%9.30%8.92%9.27%8.75%-78 bps
Liquidity & Funding
Loans / Deposits81.15%76.47%79.38%83.22%82.19%+104 bps
Liquid Assets / Assets0.00%2.30%2.89%0.02%0.90%+90 bps
CRE / Total Capitaln/an/an/an/an/an/an/a