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First Bank & Trust Company

Wagoner, OK · Cert 4219

FDIC · 9 branches

Q4 2017

$287.0MAssets
$251.7MLoans
$250.0MDeposits
$36.5MEquity
Loan mix
68%RE $149.3M26%C&I $56.3M6%Consumer $13.3MQ1 2016Q4 2017
Deposit mix
82%Interest-bearing $205.4M18%Noninterest $44.6MQ1 2016Q4 2017

Market Position · Tulsa, OK · 2017 SOD (annual) · 0.6% share · #28 of 58 inst. · $0.2B of $26.0B

35.8% Wagoner
3.8% Craig
0.1% Oklahoma
3.9% Lincoln

Executive Summary

  • Earnings: ROA of 2.54%, down 5 bps year over year; NIM at 4.84%.
  • Asset quality: problem loans at 0.44% of loans (+44 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 12.51%, up 68 bps from a year ago.
  • Funding: loans stand at 100.68% of deposits as of Q4 2017.

Return on Assets (YTD, annualized)

2.54%-5 bps YoY

Net Interest Margin (YTD, annualized)

4.84%+16 bps YoY

Efficiency Ratio (YTD, annualized)

49.46%+149 bps YoY

Tier 1 Leverage Ratio

12.51%+68 bps YoY

NIM

5.15%Q4 ’155.11%Q4 ’165.41%Q4 ’17-1%+3%

Non-interest income vs. expense

2.61%Q4 ’152.36%Q4 ’162.56%Q4 ’17-10%+5%

Year to date, annualized, through each quarter.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets2.58%2.68%2.71%2.59%2.83%2.84%2.81%2.54%-5 bps
Return on Equity21.41%22.21%22.66%21.46%23.07%22.88%22.69%20.45%-101 bps
Net Interest Margin4.73%4.69%4.67%4.68%4.79%4.79%4.77%4.84%+16 bps
Efficiency Ratio45.85%45.50%44.98%47.97%43.56%43.69%45.52%49.46%+149 bps
Non-Interest Burden2.04%1.99%1.95%2.09%1.91%1.91%1.93%2.20%+11 bps
Growth
Asset Growth (YoY)0.28%4.61%7.53%-1.91%6.59%-0.62%0.05%1.71%+362 bps
Loan Growth (YoY)5.17%2.77%8.11%5.64%0.48%3.11%-0.71%-1.68%-732 bps
Deposit Growth (YoY)-0.66%4.19%7.81%-2.61%6.83%-1.31%-5.46%1.32%+393 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.33%0.54%0.60%0.44%+44 bps
Net Charge-Offs / Loans0.07%0.06%0.05%0.09%0.09%0.10%0.08%0.08%-1 bps
Allowance / Loans1.58%1.58%1.51%1.49%1.48%1.43%1.41%1.47%-2 bps
Allowance Coverage of NPLsn/an/an/an/a4.5x2.6x2.4x3.4xn/a
Capital
Tier 1 Leverage Ratio11.80%11.58%11.32%11.83%11.86%12.01%11.85%12.51%+68 bps
Total Risk-Based Capital15.50%15.75%15.02%15.53%15.47%15.15%14.79%15.39%-13 bps
Equity / Assets12.21%12.09%11.71%12.50%12.01%12.72%12.25%12.74%+24 bps
Liquidity & Funding
Loans / Deposits104.60%101.24%102.81%103.76%98.38%105.78%107.97%100.68%-307 bps
Liquid Assets / Assets0.11%0.16%0.15%0.17%0.27%0.18%0.19%0.19%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a