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Letter portraitLegal landscapeQuarterYTD

First National Bank of Clifton, The

Clifton, IL · Cert 3638

FDIC

Q3 2004

$26.8MAssets
$14.0MLoans
$23.8MDeposits
$3.0MEquity
Deposit mix
81%Interest-bearing $19.3M19%Noninterest $4.4MQ3 2003Q3 2004

NIM

5.41%Q3 ’024.67%Q3 ’033.98%Q3 ’04+1%-5%

Non-interest income vs. expense

3.20%Q3 ’023.13%Q3 ’032.63%Q3 ’04-7%-22%

Executive Summary

  • Earnings: ROA of 1.02%, up 21 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 58.93% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

1.02%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.17%-16 bps YoY

Efficiency Ratio (YTD, annualized)

61.65%-816 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.81%1.01%0.65%0.95%1.02%+21 bps
Return on Equity8.01%9.98%6.28%9.27%9.72%+170 bps
Net Interest Margin3.33%3.17%2.98%3.06%3.17%-16 bps
Efficiency Ratio69.81%66.69%70.41%63.41%61.65%-816 bps
Non-Interest Burden1.98%1.72%1.84%1.62%1.53%-44 bps
Growth
Asset Growth (YoY)1.47%0.25%2.59%3.42%-3.50%-497 bps
Loan Growth (YoY)-0.81%-3.12%-0.15%3.33%0.82%+164 bps
Deposit Growth (YoY)1.52%0.08%2.58%3.68%-4.39%-591 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%0.25%0.06%0.03%0.02%-30 bps
Allowance / Loans1.46%1.62%1.69%1.65%1.69%+23 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 Capital19.81%22.02%22.34%20.39%20.45%+63 bps
Equity / Assets10.25%10.30%10.53%10.02%11.19%+95 bps
Liquidity & Funding
Loans / Deposits55.88%51.51%51.91%52.53%58.93%+305 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