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First National Bank of Phillips County

Helena, AR · Cert 3874

FDIC

Q3 2009

$217.0MAssets
$131.9MLoans
$167.3MDeposits
$25.5MEquity
Loan mix
67%RE $52.8M33%C&I $25.8M0%Consumer $0.0MQ3 2008Q3 2009
Deposit mix
79%Interest-bearing $131.5M21%Noninterest $35.7MQ3 2008Q3 2009

NIM

6.66%Q3 ’075.54%Q3 ’084.73%Q3 ’09-1%-6%

Non-interest income vs. expense

3.11%Q3 ’073.30%Q3 ’083.41%Q3 ’09+92%-54%

Executive Summary

  • Earnings: ROA of 0.87%, down 21 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 78.86% of deposits as of Q3 2009.

Financial Results

Return on Assets (quarter, annualized)

0.87%-21 bps YoY

Net Interest Margin (quarter, annualized)

3.85%-23 bps YoY

Efficiency Ratio (quarter, annualized)

54.49%-906 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets1.09%0.76%0.76%0.86%0.87%-21 bps
Return on Equity9.38%6.54%6.15%6.94%7.31%-208 bps
Net Interest Margin4.08%3.69%3.52%3.82%3.85%-23 bps
Efficiency Ratio63.55%69.56%73.10%72.68%54.49%-906 bps
Non-Interest Burden2.19%2.24%2.28%2.48%1.00%-118 bps
Growth
Asset Growth (YoY)5.57%13.79%-1.64%-1.07%3.71%-186 bps
Loan Growth (YoY)10.31%10.82%27.10%16.31%8.49%-181 bps
Deposit Growth (YoY)-6.46%10.83%-0.84%4.18%4.39%+1,085 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.68%0.73%0.49%0.31%0.03%-365 bps
Allowance / Loans1.00%1.12%1.07%1.00%1.60%+60 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 Capital14.73%15.34%15.29%14.34%14.77%+4 bps
Equity / Assets11.53%11.78%12.80%12.12%11.74%+21 bps
Liquidity & Funding
Loans / Deposits75.87%63.51%69.89%80.88%78.86%+299 bps
Liquid Assets / Assets4.88%5.14%0.69%0.65%4.28%-60 bps
CRE / Total Capitaln/an/an/an/an/an/an/a