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First National Bank of Bar Harbor

Bar Harbor, ME · Cert 4247

FDIC

Q4 2004

$229.3MAssets
$185.8MLoans
$189.3MDeposits
$17.0MEquity
Loan mix
72%RE $47.4M28%C&I $18.7M0%Consumer $0.2MQ4 2003Q4 2004
Deposit mix
85%Interest-bearing $160.0M15%Noninterest $29.3MQ4 2003Q4 2004

NIM

5.68%Q4 ’024.69%Q4 ’035.06%Q4 ’04-13%+12%

Non-interest income vs. expense

3.93%Q4 ’023.90%Q4 ’034.06%Q4 ’04-11%+7%

Executive Summary

  • Earnings: ROA of 1.16%, up 25 bps year over year; NIM at 3.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Funding: loans stand at 98.13% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

1.16%+25 bps YoY

Net Interest Margin (quarter, annualized)

3.90%+41 bps YoY

Efficiency Ratio (quarter, annualized)

71.64%-258 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.91%1.06%0.95%1.12%1.16%+25 bps
Return on Equity13.19%14.90%13.48%16.27%16.16%+298 bps
Net Interest Margin3.49%3.67%3.62%3.85%3.90%+41 bps
Efficiency Ratio74.22%70.86%73.39%72.83%71.64%-258 bps
Non-Interest Burden2.14%2.13%2.25%2.23%2.30%+16 bps
Growth
Asset Growth (YoY)12.35%11.22%13.53%9.42%4.41%-794 bps
Loan Growth (YoY)8.25%8.42%14.41%14.83%14.53%+628 bps
Deposit Growth (YoY)14.60%16.18%9.67%9.21%1.88%-1,272 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.03%0.10%-0.05%0.27%+27 bps
Allowance / Loans1.23%1.20%1.16%1.16%1.08%-15 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 Capital10.50%10.44%10.05%10.57%10.69%+19 bps
Equity / Assets6.92%7.28%6.86%6.96%7.43%+51 bps
Liquidity & Funding
Loans / Deposits87.29%90.41%95.42%88.55%98.13%+1,084 bps
Liquid Assets / Assets0.22%0.22%0.21%0.20%0.18%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a