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Waurika National Bank, The

Waurika, OK · Cert 4223

FDIC

Q1 2008

$17.1MAssets
$6.0MLoans
$14.7MDeposits
$1.8MEquity
Deposit mix
84%Interest-bearing $12.4M16%Noninterest $2.4MQ1 2007Q1 2008

NIM

5.76%Q1 ’066.23%Q1 ’075.80%Q1 ’08-12%-10%

Non-interest income vs. expense

3.50%Q1 ’063.49%Q1 ’073.02%Q1 ’08-2%-25%

Executive Summary

  • Earnings: ROA of 0.82%, down 23 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 40.81% of deposits as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

0.82%-23 bps YoY

Net Interest Margin (quarter, annualized)

3.18%-36 bps YoY

Efficiency Ratio (quarter, annualized)

71.04%-753 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.05%0.60%0.78%1.56%0.82%-23 bps
Return on Equity11.08%6.74%9.23%16.86%7.98%-310 bps
Net Interest Margin3.54%3.32%3.40%3.31%3.18%-36 bps
Efficiency Ratio78.57%79.10%72.59%92.39%71.04%-753 bps
Non-Interest Burden2.59%2.44%2.23%2.97%1.95%-64 bps
Growth
Asset Growth (YoY)-0.81%10.64%9.53%6.99%6.47%+728 bps
Loan Growth (YoY)-7.99%-3.10%-6.04%-0.89%-4.37%+362 bps
Deposit Growth (YoY)-2.49%12.87%10.24%6.19%7.50%+999 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.00%0.35%0.13%0.00%-6 bps
Allowance / Loans3.04%3.51%3.22%1.60%1.66%-137 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 Capital21.67%23.04%22.52%23.19%23.56%+189 bps
Equity / Assets9.33%8.43%8.55%10.08%10.53%+120 bps
Liquidity & Funding
Loans / Deposits45.88%35.60%35.67%44.01%40.81%-507 bps
Liquid Assets / Assets20.98%20.56%21.72%20.63%16.85%-413 bps
CRE / Total Capitaln/an/an/an/an/an/an/a