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First State Bank, Jones, Oklahoma

Jones, OK · Cert 4126

FDIC

Q4 2009

$42.3MAssets
$9.9MLoans
$36.7MDeposits
$5.4MEquity
Loan mix
67%RE $4.1M32%C&I $1.9M1%Consumer $0.1MQ4 2008Q4 2009
Deposit mix
80%Interest-bearing $29.5M20%Noninterest $7.2MQ4 2008Q4 2009

NIM

5.45%Q4 ’074.88%Q4 ’080.20%Q4 ’09-5%-95%

Non-interest income vs. expense

3.78%Q4 ’073.36%Q4 ’080.17%Q4 ’09-12%-95%

Executive Summary

  • Earnings: ROA of 0.03%, down 54 bps year over year; NIM at 0.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 27.07% of deposits as of Q4 2009.

Financial Results

Return on Assets (YTD, annualized)

0.03%-54 bps YoY

Net Interest Margin (YTD, annualized)

0.16%-314 bps YoY

Efficiency Ratio (YTD, annualized)

81.93%+285 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.56%0.64%0.47%0.43%0.03%-54 bps
Return on Equity4.79%5.56%4.10%3.68%0.23%-456 bps
Net Interest Margin3.29%3.16%3.12%3.23%0.16%-314 bps
Efficiency Ratio79.08%82.52%84.25%84.60%81.93%+285 bps
Non-Interest Burden2.40%2.48%2.51%2.61%0.12%-229 bps
Growth
Asset Growth (YoY)18.09%6.88%-0.79%-5.11%6.33%-1,177 bps
Loan Growth (YoY)-0.39%-2.29%-9.00%-13.82%-18.53%-1,814 bps
Deposit Growth (YoY)19.98%8.05%-1.33%-2.81%5.32%-1,466 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%0.86%0.52%0.36%0.00%-38 bps
Allowance / Loans2.47%2.51%2.70%2.81%0.00%-247 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 Capital26.61%26.97%27.85%28.81%26.79%+19 bps
Equity / Assets11.84%11.08%11.47%12.38%12.84%+100 bps
Liquidity & Funding
Loans / Deposits34.99%31.27%31.72%33.58%27.07%-792 bps
Liquid Assets / Assets0.63%3.56%6.78%6.53%1.77%+114 bps
CRE / Total Capitaln/an/an/an/an/an/an/a