PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Community Bank

Conway, AR · Cert 33502

FDIC

Q3 2008

$392.1MAssets
$265.3MLoans
$331.5MDeposits
$30.2MEquity
Loan mix
90%RE $198.0M9%C&I $19.4M1%Consumer $1.9MQ3 2007Q3 2008
Deposit mix
88%Interest-bearing $290.3M12%Noninterest $41.3MQ3 2007Q3 2008

NIM

5.88%Q3 ’066.60%Q3 ’076.20%Q3 ’08+3%+5%

Non-interest income vs. expense

2.27%Q3 ’062.40%Q3 ’072.58%Q3 ’08+10%+8%

Executive Summary

  • Earnings: ROA of 1.03%, up 1 bps year over year; NIM at 3.62%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.18%.
  • Funding: loans stand at 80.01% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

1.03%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.62%+17 bps YoY

Efficiency Ratio (YTD, annualized)

58.54%+144 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets1.02%1.00%1.03%1.03%1.03%+1 bps
Return on Equity13.57%13.32%13.27%13.49%13.40%-17 bps
Net Interest Margin3.45%3.46%3.42%3.40%3.62%+17 bps
Efficiency Ratio57.10%57.09%59.84%59.07%58.54%+144 bps
Non-Interest Burden1.75%1.76%1.84%1.80%1.89%+14 bps
Growth
Asset Growth (YoY)4.98%4.46%5.11%8.80%3.54%-144 bps
Loan Growth (YoY)3.43%1.30%0.12%0.57%2.31%-111 bps
Deposit Growth (YoY)5.08%4.73%4.01%6.62%-0.41%-549 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%0.38%0.19%0.17%0.18%-20 bps
Allowance / Loans1.08%1.13%1.17%1.20%1.25%+17 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 Capital11.06%11.20%11.30%11.15%11.24%+18 bps
Equity / Assets7.64%7.70%7.79%7.45%7.69%+5 bps
Liquidity & Funding
Loans / Deposits77.88%77.06%74.35%74.70%80.01%+213 bps
Liquid Assets / Assets0.31%0.05%0.05%0.06%0.36%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a