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Letter portraitLegal landscapeQuarterYTD

First National Bank of Odon, The

Odon, IN · Cert 4405

FDIC · 2 branches

Q4 2017

$106.0MAssets
$35.3MLoans
$97.9MDeposits
$7.7MEquity
Loan mix
77%RE $23.5M14%C&I $4.1M9%Consumer $2.8MQ1 2016Q4 2017
Deposit mix
39%Interest-bearing $38.2M61%Noninterest $59.7MQ1 2016Q4 2017

Executive Summary

  • Earnings: ROA of 0.37%, down 39 bps year over year; NIM at 2.75%.
  • Asset quality: problem loans at 0.07% of loans (+7 bps YoY), with net charge-offs at 0.27%.
  • Capital: tier 1 leverage ratio of 7.98%, down 4 bps from a year ago.
  • Funding: loans stand at 36.06% of deposits as of Q4 2017.

Return on Assets (quarter, annualized)

0.37%-39 bps YoY

Net Interest Margin (quarter, annualized)

2.75%-5 bps YoY

Efficiency Ratio (quarter, annualized)

87.71%+1,844 bps YoY

Tier 1 Leverage Ratio

7.98%-4 bps YoY

NIM

2.97%Q4 ’152.86%Q4 ’162.83%Q4 ’17-4%-2%

Non-interest income vs. expense

2.84%Q4 ’152.48%Q4 ’163.04%Q4 ’17-18%+37%

Discrete quarter, annualized.

MetricQ1 2016Q2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017YoY ΔTrend
Earnings
Return on Assets0.71%0.59%0.65%0.75%0.77%0.76%0.72%0.37%-39 bps
Return on Equity8.80%7.17%7.80%9.74%10.47%9.82%8.99%4.87%-487 bps
Net Interest Margin2.92%2.74%2.83%2.80%2.81%2.83%2.81%2.75%-5 bps
Efficiency Ratio73.82%77.44%76.55%69.28%69.71%69.62%72.86%87.71%+1,844 bps
Non-Interest Burden1.94%1.96%1.96%1.70%1.72%1.75%1.85%2.33%+63 bps
Growth
Asset Growth (YoY)4.85%9.12%6.31%6.37%7.78%7.09%8.86%9.72%+336 bps
Loan Growth (YoY)6.18%0.65%2.21%-2.55%2.85%6.25%1.71%2.89%+544 bps
Deposit Growth (YoY)5.64%7.63%7.50%7.07%8.04%9.20%9.61%9.77%+269 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.17%0.15%0.15%0.07%+7 bps
Net Charge-Offs / Loans0.00%0.01%-0.01%0.02%-0.01%0.06%0.01%0.27%+25 bps
Allowance / Loans1.65%1.73%1.71%1.78%1.77%1.77%1.76%1.72%-6 bps
Allowance Coverage of NPLsn/an/an/an/a10.1x11.5x11.9x23.4xn/a
Capital
Tier 1 Leverage Ratio8.08%8.05%8.15%8.02%8.14%8.25%8.11%7.98%-4 bps
Total Risk-Based Capital18.36%17.93%17.91%17.76%17.46%17.97%18.81%18.53%+78 bps
Equity / Assets8.20%8.30%8.28%7.22%7.50%8.08%7.88%7.25%+3 bps
Liquidity & Funding
Loans / Deposits41.36%40.48%40.83%38.47%39.38%39.38%37.89%36.06%-241 bps
Liquid Assets / Assets20.07%13.85%14.53%13.41%10.89%11.06%17.99%21.28%+787 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a