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First National Bank of de Queen, The

De Queen, AR · Cert 3857

FDIC · 43 branches

Q1 2018

$2.1BAssets
$1.6BLoans
$1.4BDeposits
$266.5MEquity
Loan mix
75%RE $928.2M23%C&I $282.0M3%Consumer $35.5MQ1 2017Q1 2018
Deposit mix
85%Interest-bearing $1.2B15%Noninterest $0.2BQ1 2017Q1 2018

NIM

3.92%Q1 ’164.02%Q1 ’174.04%Q1 ’18+1%-4%

Non-interest income vs. expense

3.10%Q1 ’162.49%Q1 ’172.09%Q1 ’18-29%-10%

Market Position · Little Rock-North Little Rock-Conway, AR · 2017 SOD (annual) · 1.1% share · #13 of 35 inst. · $0.2B of $19.9B

1.4% Pulaski
21.4% Boone
6.2% Craighead
7.2% Garland

Executive Summary

  • Earnings: ROA of 1.45%, up 34 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 1.04% of loans (-10 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 10.48%, up 65 bps from a year ago.
  • Funding: loans stand at 114.60% of deposits as of Q1 2018.

Financial Results

Return on Assets (quarter, annualized)

1.45%+34 bps YoY

Net Interest Margin (quarter, annualized)

3.55%-16 bps YoY

Efficiency Ratio (quarter, annualized)

50.57%-456 bps YoY

Tier 1 Leverage Ratio

10.48%+65 bps YoY

Discrete quarter, annualized.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets1.11%1.28%1.09%1.00%1.45%+34 bps
Return on Equity9.39%11.20%9.52%8.44%11.70%+230 bps
Net Interest Margin3.71%3.51%3.50%3.48%3.55%-16 bps
Efficiency Ratio55.13%51.21%52.54%50.26%50.57%-456 bps
Non-Interest Burden1.69%1.40%1.50%1.35%1.51%-17 bps
Growth
Asset Growth (YoY)13.23%12.69%11.81%5.32%-2.44%-1,567 bps
Loan Growth (YoY)11.91%11.19%12.38%7.14%-0.22%-1,214 bps
Deposit Growth (YoY)3.64%3.78%-3.80%-8.68%-14.44%-1,808 bps
Asset Quality
Nonperforming Loans / Loans1.14%1.02%1.07%1.05%1.04%-10 bps
Net Charge-Offs / Loans0.03%0.13%0.06%0.04%0.06%+4 bps
Allowance / Loans1.02%1.03%1.09%1.13%1.17%+14 bps
Allowance Coverage of NPLs0.9x1.0x1.0x1.1x1.1x+0.2x
Capital
Tier 1 Leverage Ratio9.83%9.67%9.62%9.85%10.48%+65 bps
Total Risk-Based Capital12.16%12.37%12.39%12.93%13.56%+140 bps
Equity / Assets11.44%11.38%11.57%12.16%12.57%+113 bps
Liquidity & Funding
Loans / Deposits98.27%97.76%107.94%111.61%114.60%+1,632 bps
Liquid Assets / Assets4.51%6.14%4.34%3.04%3.84%-67 bps
CRE / Total Capitaln/an/an/an/an/an/an/a