PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of Fremont, The

Fremont, IN · Cert 4342

FDIC

Q3 2005

$102.0MAssets
$70.9MLoans
$94.7MDeposits
$5.6MEquity
Loan mix
88%RE $35.3M10%C&I $3.8M2%Consumer $0.9MQ3 2004Q3 2005
Deposit mix
78%Interest-bearing $73.4M22%Noninterest $21.3MQ3 2004Q3 2005

NIM

5.57%Q3 ’035.43%Q3 ’045.32%Q3 ’05-3%-7%

Non-interest income vs. expense

4.96%Q3 ’035.04%Q3 ’045.70%Q3 ’05+2%+17%

Executive Summary

  • Earnings: ROA of -0.30%, down 66 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.93%.
  • Funding: loans stand at 74.86% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

-0.30%-66 bps YoY

Net Interest Margin (quarter, annualized)

4.17%-33 bps YoY

Efficiency Ratio (quarter, annualized)

104.32%+1,686 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.35%-8.52%-1.44%0.09%-0.30%-66 bps
Return on Equity4.90%-131.13%-26.56%1.63%-5.54%-1,044 bps
Net Interest Margin4.49%4.16%4.29%4.20%4.17%-33 bps
Efficiency Ratio87.46%189.78%111.23%88.95%104.32%+1,686 bps
Non-Interest Burden3.80%8.96%4.93%3.63%4.43%+64 bps
Growth
Asset Growth (YoY)0.30%-8.08%-11.83%-11.41%-11.92%-1,222 bps
Loan Growth (YoY)10.71%7.90%2.09%-6.97%-14.97%-2,569 bps
Deposit Growth (YoY)0.52%-3.93%-1.87%-8.15%-7.67%-820 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%7.41%1.03%0.57%0.93%+88 bps
Allowance / Loans0.85%2.14%2.48%2.63%2.65%+180 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 Capital10.29%8.61%8.23%8.66%8.79%-150 bps
Equity / Assets7.31%5.63%5.20%5.46%5.48%-183 bps
Liquidity & Funding
Loans / Deposits81.29%80.92%78.91%78.48%74.86%-643 bps
Liquid Assets / Assets4.56%5.35%0.00%0.00%0.00%-456 bps
CRE / Total Capitaln/an/an/an/an/an/an/a