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First National Bank of Davis, The

Davis, OK · Cert 4077

FDIC

Q4 2010

$90.2MAssets
$58.3MLoans
$68.3MDeposits
$7.3MEquity
Deposit mix
90%Interest-bearing $61.5M10%Noninterest $6.8MQ1 2009Q4 2010

Executive Summary

  • Earnings: ROA of 1.07%, up 90 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.67%.
  • Funding: loans stand at 85.37% of deposits as of Q4 2010.

Return on Assets (quarter, annualized)

1.07%+90 bps YoY

Net Interest Margin (quarter, annualized)

3.96%-88 bps YoY

Efficiency Ratio (quarter, annualized)

69.49%+1,852 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.15%Q4 ’086.23%Q4 ’094.96%Q4 ’10+24%-18%

Non-interest income vs. expense

2.54%Q4 ’082.84%Q4 ’093.16%Q4 ’100%+22%

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets1.20%1.36%0.58%0.17%11.47%1.53%1.61%1.07%+90 bps
Return on Equity11.94%14.09%6.05%1.78%16.40%17.46%17.67%12.36%+1,058 bps
Net Interest Margin3.80%4.08%3.95%4.84%3.93%4.01%4.18%3.96%-88 bps
Efficiency Ratio60.25%60.44%51.29%50.97%60.63%53.08%62.85%69.49%+1,852 bps
Non-Interest Burden2.15%2.31%1.70%2.11%2.10%1.52%2.44%2.57%+46 bps
Growth
Asset Growth (YoY)7.07%10.52%5.49%3.13%5.84%9.52%14.57%20.61%+1,748 bps
Loan Growth (YoY)10.67%12.70%16.24%14.86%8.44%13.47%14.38%24.77%+991 bps
Deposit Growth (YoY)9.48%12.80%3.64%7.45%9.35%11.39%22.91%31.80%+2,435 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.06%1.93%3.49%1.36%1.14%1.37%0.67%-283 bps
Allowance / Loans1.45%1.58%1.85%2.05%2.15%2.11%1.91%1.70%-35 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.44%15.95%16.14%16.03%15.02%14.36%14.24%13.87%-216 bps
Equity / Assets9.78%9.49%9.68%9.46%8.51%9.02%9.20%8.10%-136 bps
Liquidity & Funding
Loans / Deposits79.83%80.90%87.57%90.18%79.17%82.41%81.49%85.37%-481 bps
Liquid Assets / Assets0.01%0.29%0.07%0.01%0.06%0.05%0.05%0.04%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a