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Bank of Nichols Hills

Oklahoma City, OK · Cert 34178

FDIC

Q3 2006

$136.2MAssets
$80.9MLoans
$111.7MDeposits
$22.9MEquity
Deposit mix
77%Interest-bearing $86.1M23%Noninterest $25.6MQ3 2005Q3 2006

NIM

5.39%Q3 ’046.21%Q3 ’056.45%Q3 ’06+1%-8%

Non-interest income vs. expense

2.98%Q3 ’042.88%Q3 ’052.64%Q3 ’06+2%-3%

Executive Summary

  • Earnings: ROA of 1.11%, down 14 bps year over year; NIM at 4.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 72.46% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

1.11%-14 bps YoY

Net Interest Margin (quarter, annualized)

4.01%-37 bps YoY

Efficiency Ratio (quarter, annualized)

59.68%+154 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets1.24%1.10%1.13%-0.12%1.11%-14 bps
Return on Equity14.45%13.53%13.93%-0.94%6.78%-767 bps
Net Interest Margin4.38%4.35%4.29%-0.57%4.01%-37 bps
Efficiency Ratio58.14%61.25%60.16%57.97%59.68%+154 bps
Non-Interest Burden2.30%2.47%2.40%-0.40%2.22%-8 bps
Growth
Asset Growth (YoY)19.70%20.98%31.66%34.89%14.14%-556 bps
Loan Growth (YoY)13.01%7.84%10.46%1.01%-7.79%-2,080 bps
Deposit Growth (YoY)24.54%24.38%35.18%26.02%4.19%-2,034 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%-0.01%-0.01%0.36%0.05%+8 bps
Allowance / Loans1.06%1.04%1.09%1.59%1.68%+62 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 Capital11.42%11.19%11.41%12.09%12.97%+155 bps
Equity / Assets8.24%8.00%8.17%15.89%16.83%+860 bps
Liquidity & Funding
Loans / Deposits81.87%80.03%76.98%72.42%72.46%-942 bps
Liquid Assets / Assets1.85%2.13%2.87%3.38%2.20%+35 bps
CRE / Total Capitaln/an/an/an/an/an/an/a