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First American Bank

Sioux City, IA · Cert 35167

FDIC

Q1 2002

$55.1MAssets
$40.5MLoans
$45.0MDeposits
$4.6MEquity
Loan mix
33%RE $8.9M67%C&I $18.0M0%Consumer $0.0MQ1 2001Q1 2002
Deposit mix
86%Interest-bearing $38.8M14%Noninterest $6.2MQ1 2001Q1 2002

NIM

8.55%Q1 ’015.82%Q1 ’02-31%

Non-interest income vs. expense

3.72%Q1 ’013.32%Q1 ’02-11%

Executive Summary

  • Earnings: ROA of 0.34%, down 35 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 89.99% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.34%-35 bps YoY

Net Interest Margin (quarter, annualized)

2.79%-127 bps YoY

Efficiency Ratio (quarter, annualized)

92.08%+1,717 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets0.69%0.61%0.53%-1.40%0.34%-35 bps
Return on Equityn/a6.12%5.76%-15.71%3.95%n/a
Net Interest Margin4.05%3.52%3.08%2.80%2.79%-127 bps
Efficiency Ratio74.91%68.98%70.34%80.48%92.08%+1,717 bps
Non-Interest Burden2.80%2.04%1.80%2.04%2.50%-30 bps
Growth
Asset Growth (YoY)54.37%36.90%35.18%13.94%23.61%-3,076 bps
Loan Growth (YoY)66.46%59.78%41.82%6.14%4.58%-6,188 bps
Deposit Growth (YoY)49.93%29.34%30.59%16.59%23.98%-2,595 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.03%0.00%0.15%0.00%0 bps
Allowance / Loans1.01%1.02%1.15%2.12%2.04%+103 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 Capital12.32%11.25%11.48%11.05%12.23%-8 bps
Equity / Assets10.34%9.49%8.89%8.91%8.31%-203 bps
Liquidity & Funding
Loans / Deposits106.69%108.88%97.22%92.84%89.99%-1,670 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a