PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of Littlefield, The

Littlefield, TX · Cert 3304

FDIC · 25 branches

Q3 2020

$1.9BAssets
$1.1BLoans
$1.6BDeposits
$217.6MEquity
Loan mix
70%RE $574.7M28%C&I $230.0M2%Consumer $16.2MQ4 2018Q3 2020
Deposit mix
67%Interest-bearing $1.1B33%Noninterest $0.5BQ4 2018Q3 2020

Market Position · Lubbock, TX · 2020 SOD (annual) · 2.4% share · #11 of 27 inst. · $0.2B of $10.1B

41.3% Hockley
2.4% Lubbock
6.1% Ector
70.1% Bailey

Executive Summary

  • Earnings: ROA of 1.43%, down 6 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.70% of loans (+65 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.72%, up 11 bps from a year ago.
  • Funding: loans stand at 71.27% of deposits as of Q3 2020.

Return on Assets (quarter, annualized)

1.43%-6 bps YoY

Net Interest Margin (quarter, annualized)

3.96%+3 bps YoY

Efficiency Ratio (quarter, annualized)

49.42%-550 bps YoY

Tier 1 Leverage Ratio

9.72%+11 bps YoY

NIM

4.73%Q3 ’184.80%Q3 ’194.23%Q3 ’20-1%+1%

Non-interest income vs. expense

3.38%Q3 ’182.55%Q3 ’192.24%Q3 ’20-31%-7%

Discrete quarter, annualized.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets1.39%1.45%1.45%1.49%1.48%2.39%11.23%1.43%-6 bps
Return on Equity13.39%13.59%12.99%13.40%13.41%21.66%11.14%12.54%-87 bps
Net Interest Margin3.99%3.87%3.97%3.93%3.91%4.06%4.00%3.96%+3 bps
Efficiency Ratio58.12%52.41%56.25%54.91%55.33%60.73%49.53%49.42%-550 bps
Non-Interest Burden2.12%1.81%1.96%1.91%1.89%2.26%1.83%1.78%-13 bps
Growth
Asset Growth (YoY)28.74%26.99%7.95%13.24%26.75%28.40%35.65%19.78%+654 bps
Loan Growth (YoY)27.20%30.18%5.05%3.54%18.27%16.38%18.85%12.71%+917 bps
Deposit Growth (YoY)26.55%23.69%5.98%11.70%25.22%27.89%35.34%18.57%+686 bps
Asset Quality
Nonperforming Loans / Loans0.16%0.09%0.05%0.05%0.07%0.07%0.11%0.70%+65 bps
Net Charge-Offs / Loans0.03%0.17%0.02%0.04%0.03%0.04%0.01%0.01%-4 bps
Allowance / Loans1.16%1.14%1.16%1.19%1.13%1.25%1.46%1.66%+47 bps
Allowance Coverage of NPLs7.4x13.2x22.6x23.9x16.9x19.1x13.0x2.4x-21.5x
Capital
Tier 1 Leverage Ratio9.67%9.91%10.25%9.61%9.50%9.83%9.61%9.72%+11 bps
Total Risk-Based Capital13.58%13.79%14.31%14.51%13.98%9.83%9.61%9.72%-479 bps
Equity / Assets10.45%10.92%11.36%10.96%11.12%10.99%11.15%11.75%+79 bps
Liquidity & Funding
Loans / Deposits79.59%80.52%80.27%74.98%75.18%73.28%70.49%71.27%-370 bps
Liquid Assets / Assets9.78%7.71%7.94%8.77%7.23%11.38%17.06%13.33%+457 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a