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Letter portraitLegal landscapeQuarterYTD

First National Bank of Akron, The

Akron, IA · Cert 4421

FDIC

Q1 2010

$42.4MAssets
$26.5MLoans
$37.1MDeposits
$3.1MEquity
Loan mix
90%RE $15.9M9%C&I $1.6M0%Consumer $0.1MQ1 2009Q1 2010
Deposit mix
86%Interest-bearing $31.9M14%Noninterest $5.2MQ1 2009Q1 2010

NIM

5.86%Q1 ’085.19%Q1 ’094.49%Q1 ’10-3%-2%

Non-interest income vs. expense

2.23%Q1 ’082.50%Q1 ’092.01%Q1 ’10+3%-17%

Executive Summary

  • Earnings: ROA of 1.40%, up 12 bps year over year; NIM at 2.99%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 71.45% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

1.40%+12 bps YoY

Net Interest Margin (YTD, annualized)

2.99%-5 bps YoY

Efficiency Ratio (YTD, annualized)

49.77%-719 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets1.28%1.11%1.29%1.25%1.40%+12 bps
Return on Equity13.94%11.84%13.41%12.84%15.82%+188 bps
Net Interest Margin3.04%2.92%2.97%3.01%2.99%-5 bps
Efficiency Ratio56.96%61.21%56.12%58.71%49.77%-719 bps
Non-Interest Burden1.15%1.34%1.08%1.21%0.96%-19 bps
Growth
Asset Growth (YoY)0.26%0.49%-1.49%-1.00%-2.60%-285 bps
Loan Growth (YoY)-2.44%-5.26%-3.63%-6.27%-2.91%-47 bps
Deposit Growth (YoY)0.17%3.75%3.60%0.16%2.41%+224 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.09%-0.06%-0.05%-0.01%-0.03%+6 bps
Allowance / Loans2.85%2.94%2.85%2.79%2.93%+9 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 Capital16.63%17.64%17.62%17.67%13.40%-323 bps
Equity / Assets9.41%9.74%10.27%10.33%7.34%-207 bps
Liquidity & Funding
Loans / Deposits75.37%73.32%77.30%76.73%71.45%-392 bps
Liquid Assets / Assets10.37%17.38%15.45%16.92%20.32%+995 bps
CRE / Total Capitaln/an/an/an/an/an/an/a