PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Guaranty Bank

Martin, KY · Cert 35058

FDIC · 2 branches

Q1 2017

$47.6MAssets
$20.4MLoans
$41.4MDeposits
$5.3MEquity
Loan mix
75%RE $14.3M11%C&I $2.1M14%Consumer $2.7MQ2 2015Q1 2017
Deposit mix
79%Interest-bearing $32.9M21%Noninterest $8.5MQ2 2015Q1 2017

Executive Summary

  • Earnings: ROA of 0.11%, down 23 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 4.95% of loans (+495 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.00%, up 104 bps from a year ago.
  • Funding: loans stand at 49.16% of deposits as of Q1 2017.

Return on Assets (YTD, annualized)

0.11%-23 bps YoY

Net Interest Margin (YTD, annualized)

2.86%+10 bps YoY

Efficiency Ratio (YTD, annualized)

96.62%+746 bps YoY

Tier 1 Leverage Ratio

11.00%+104 bps YoY

NIM

3.12%Q1 ’152.99%Q1 ’163.08%Q1 ’17-3%+4%

Non-interest income vs. expense

2.69%Q1 ’152.79%Q1 ’163.11%Q1 ’17+1%+14%

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016Q3 2016Q4 2016Q1 2017YoY ΔTrend
Earnings
Return on Assets0.54%0.48%0.50%0.34%0.46%0.43%0.59%0.11%-23 bps
Return on Equity2.87%2.50%2.62%2.29%3.41%3.36%4.73%0.98%-131 bps
Net Interest Margin2.92%2.93%2.94%2.76%2.87%2.90%2.90%2.86%+10 bps
Efficiency Ratio81.04%81.96%81.68%89.16%85.47%86.34%82.18%96.62%+746 bps
Non-Interest Burden2.30%2.34%2.33%2.42%2.40%2.46%2.28%2.75%+33 bps
Growth
Asset Growth (YoY)-7.03%-7.79%-4.81%-5.72%-7.28%-7.86%-7.98%-6.76%-105 bps
Loan Growth (YoY)-11.01%-9.43%-5.78%-9.86%-8.13%-10.60%-9.74%-10.26%-40 bps
Deposit Growth (YoY)-8.56%-8.40%-4.45%5.57%3.26%2.73%2.36%-7.42%-1,299 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%4.95%+495 bps
Net Charge-Offs / Loans0.16%0.25%0.24%-0.11%0.10%0.10%0.10%0.00%+11 bps
Allowance / Loans1.28%1.30%1.28%1.34%1.32%1.36%1.32%1.36%+2 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a0.3xn/an/a
Capital
Tier 1 Leverage Ratio18.92%19.36%19.58%9.96%10.52%10.81%11.03%11.00%+104 bps
Total Risk-Based Capital50.76%51.24%51.52%24.74%27.77%28.11%28.23%28.19%+345 bps
Equity / Assets19.21%19.65%19.55%10.12%10.59%10.98%11.06%11.06%+93 bps
Liquidity & Funding
Loans / Deposits56.71%57.76%57.12%50.72%50.45%50.26%50.36%49.16%-155 bps
Liquid Assets / Assets44.26%43.63%43.29%40.36%32.69%33.87%33.66%33.99%-637 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a