PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of Alachua

Alachua, FL · Cert 3550

FDIC

Q1 2005

$230.0MAssets
$124.4MLoans
$202.8MDeposits
$25.9MEquity
Deposit mix
76%Interest-bearing $154.4M24%Noninterest $48.5MQ1 2004Q1 2005

NIM

6.03%Q1 ’035.01%Q1 ’044.97%Q1 ’05-11%+0%

Non-interest income vs. expense

3.08%Q1 ’033.06%Q1 ’043.13%Q1 ’05+10%+18%

Executive Summary

  • Earnings: ROA of 0.82%, down 24 bps year over year; NIM at 3.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 61.35% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

0.82%-24 bps YoY

Net Interest Margin (YTD, annualized)

3.78%+2 bps YoY

Efficiency Ratio (YTD, annualized)

69.38%+587 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.06%1.05%1.07%1.12%0.82%-24 bps
Return on Equity10.38%10.19%10.26%10.69%7.43%-295 bps
Net Interest Margin3.76%3.69%3.65%3.64%3.78%+2 bps
Efficiency Ratio63.51%62.55%61.60%59.38%69.38%+587 bps
Non-Interest Burden2.11%2.05%1.99%1.90%2.49%+38 bps
Growth
Asset Growth (YoY)6.98%6.32%2.38%2.61%2.12%-486 bps
Loan Growth (YoY)-7.96%-10.58%-7.09%-4.92%-1.13%+682 bps
Deposit Growth (YoY)6.59%5.81%1.55%1.64%1.19%-540 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%-0.02%0.03%0.01%0.02%+10 bps
Allowance / Loans1.55%1.58%1.59%1.58%1.53%-2 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 Capital16.56%16.89%17.47%18.02%18.14%+158 bps
Equity / Assets10.40%10.35%10.76%10.96%11.24%+84 bps
Liquidity & Funding
Loans / Deposits62.80%59.16%58.93%58.75%61.35%-144 bps
Liquid Assets / Assets15.24%17.02%17.68%16.49%15.86%+62 bps
CRE / Total Capitaln/an/an/an/an/an/an/a