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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

5.33%Q3 ’024.46%Q3 ’034.15%Q3 ’04+1%-2%

Non-interest income vs. expense

3.20%Q3 ’023.30%Q3 ’032.89%Q3 ’040%-38%

Executive Summary

  • Earnings: ROA of 1.13%, up 40 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 58.93% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

1.13%+40 bps YoY

Net Interest Margin (quarter, annualized)

3.36%-8 bps YoY

Efficiency Ratio (quarter, annualized)

58.84%-1,334 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.73%1.63%0.65%1.26%1.13%+40 bps
Return on Equity7.17%15.83%6.28%12.23%10.64%+347 bps
Net Interest Margin3.45%3.21%2.98%3.19%3.36%-8 bps
Efficiency Ratio72.19%58.15%70.41%56.84%58.84%-1,334 bps
Non-Interest Burden2.18%1.26%1.84%1.45%1.34%-84 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 / Loans0.52%-0.03%0.06%0.00%0.00%-52 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