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First National Bank of Nelsonville

Nelsonville, OH · Cert 398

FDIC

Q3 2008

$54.7MAssets
$43.4MLoans
$50.4MDeposits
$4.1MEquity
Loan mix
96%RE $39.5M4%C&I $1.6M1%Consumer $0.2MQ3 2007Q3 2008
Deposit mix
84%Interest-bearing $42.5M16%Noninterest $7.8MQ3 2007Q3 2008

NIM

6.00%Q3 ’066.17%Q3 ’075.67%Q3 ’08-6%-6%

Non-interest income vs. expense

3.61%Q3 ’063.39%Q3 ’073.38%Q3 ’08-6%-1%

Executive Summary

  • Earnings: ROA of 0.56%, down 25 bps year over year; NIM at 3.25%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.34%.
  • Funding: loans stand at 86.20% of deposits as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

0.56%-25 bps YoY

Net Interest Margin (quarter, annualized)

3.25%-21 bps YoY

Efficiency Ratio (quarter, annualized)

82.24%+326 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.81%0.76%0.40%0.76%0.56%-25 bps
Return on Equity11.03%10.08%5.38%10.13%7.41%-363 bps
Net Interest Margin3.46%3.65%3.62%3.32%3.25%-21 bps
Efficiency Ratio78.98%81.41%85.09%81.47%82.24%+326 bps
Non-Interest Burden2.56%2.81%2.96%2.54%2.52%-4 bps
Growth
Asset Growth (YoY)0.38%-5.31%-4.98%-2.15%3.96%+358 bps
Loan Growth (YoY)-0.49%0.21%0.48%-3.12%-4.11%-362 bps
Deposit Growth (YoY)0.06%-7.75%-5.43%-2.39%4.15%+409 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.07%0.23%0.22%0.34%+31 bps
Allowance / Loans0.28%0.29%0.31%0.26%0.22%-6 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 Capital14.37%14.41%14.54%14.79%15.36%+99 bps
Equity / Assets7.47%7.57%7.45%7.60%7.46%-1 bps
Liquidity & Funding
Loans / Deposits93.63%97.65%91.99%91.72%86.20%-742 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