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First National Bank-Employee Owned

Antioch, IL · Cert 3597

FDIC

Q3 2007

$141.3MAssets
$100.6MLoans
$128.0MDeposits
$10.4MEquity
Loan mix
95%RE $84.2M5%C&I $4.4M0%Consumer $0.2MQ3 2006Q3 2007
Deposit mix
88%Interest-bearing $113.2M12%Noninterest $14.8MQ3 2006Q3 2007

NIM

5.09%Q3 ’055.70%Q3 ’065.84%Q3 ’07-7%+6%

Non-interest income vs. expense

2.75%Q3 ’052.87%Q3 ’063.22%Q3 ’07+8%+16%

Executive Summary

  • Earnings: ROA of 0.19%, down 20 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 78.63% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

0.19%-20 bps YoY

Net Interest Margin (quarter, annualized)

3.03%+18 bps YoY

Efficiency Ratio (quarter, annualized)

94.35%+655 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets0.40%0.29%0.40%0.53%0.19%-20 bps
Return on Equity5.84%4.09%5.61%7.56%2.72%-312 bps
Net Interest Margin2.85%2.91%2.91%2.96%3.03%+18 bps
Efficiency Ratio87.80%91.27%87.76%84.09%94.35%+655 bps
Non-Interest Burden2.45%2.62%2.51%2.43%2.84%+39 bps
Growth
Asset Growth (YoY)-3.34%-3.28%-0.21%-0.10%-3.69%-35 bps
Loan Growth (YoY)-4.68%-1.20%-1.78%-2.10%-0.01%+467 bps
Deposit Growth (YoY)-3.91%-2.11%-0.88%-1.16%-5.01%-110 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.04%0.00%0.00%0 bps
Allowance / Loans0.82%0.81%0.79%0.82%0.81%-1 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 Capital12.33%12.30%12.14%12.54%12.56%+23 bps
Equity / Assets6.92%7.11%7.06%6.96%7.37%+45 bps
Liquidity & Funding
Loans / Deposits74.70%77.75%76.39%74.60%78.63%+393 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a