PackageTrendsPeer
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 $0.1MQ2 2008Q1 2010
Deposit mix
86%Interest-bearing $31.9M14%Noninterest $5.2MQ2 2008Q1 2010

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.

Return on Assets (quarter, annualized)

1.40%+12 bps YoY

Net Interest Margin (quarter, annualized)

2.99%-5 bps YoY

Efficiency Ratio (quarter, annualized)

49.77%-719 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

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%

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets1.24%1.59%1.19%1.28%0.93%1.65%1.16%1.40%+12 bps
Return on Equity13.44%16.66%12.67%13.94%9.76%16.46%11.22%15.82%+188 bps
Net Interest Margin3.03%3.15%3.19%3.04%2.84%2.94%3.14%2.99%-5 bps
Efficiency Ratio54.86%55.36%62.38%56.96%66.03%46.83%66.12%49.77%-719 bps
Non-Interest Burden1.22%0.81%1.32%1.15%1.53%0.51%1.60%0.96%-19 bps
Growth
Asset Growth (YoY)2.49%1.78%1.56%0.26%0.49%-1.49%-1.00%-2.60%-285 bps
Loan Growth (YoY)-7.24%-4.53%-2.32%-2.44%-5.26%-3.63%-6.27%-2.91%-47 bps
Deposit Growth (YoY)1.83%-1.38%0.22%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.07%0.00%0.22%-0.09%-0.03%-0.03%0.09%-0.03%+6 bps
Allowance / Loans2.82%2.76%2.60%2.85%2.94%2.85%2.79%2.93%+9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital16.66%16.90%15.04%16.63%17.64%17.62%17.67%13.40%-323 bps
Equity / Assets9.36%9.74%9.00%9.41%9.74%10.27%10.33%7.34%-207 bps
Liquidity & Funding
Loans / Deposits80.28%83.09%81.99%75.37%73.32%77.30%76.73%71.45%-392 bps
Liquid Assets / Assets10.94%10.69%9.54%10.37%17.38%15.45%16.92%20.32%+995 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a