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First National Bank in New Hampton

New Hampton, IA · Cert 4481

FDIC

Q2 2008

$44.2MAssets
$39.9MLoans
$41.3MDeposits
$2.7MEquity
Loan mix
76%RE $23.7M24%C&I $7.6M0%Consumer $0.0MQ2 2007Q2 2008
Deposit mix
90%Interest-bearing $37.1M10%Noninterest $4.2MQ2 2007Q2 2008

NIM

5.79%Q2 ’066.03%Q2 ’075.57%Q2 ’08-1%+7%

Non-interest income vs. expense

3.09%Q2 ’062.98%Q2 ’072.62%Q2 ’08-6%-10%

Executive Summary

  • Earnings: ROA of 0.89%, up 41 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.17%.
  • Funding: loans stand at 96.71% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.89%+41 bps YoY

Net Interest Margin (quarter, annualized)

3.19%+20 bps YoY

Efficiency Ratio (quarter, annualized)

73.74%-1,215 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets0.49%0.66%0.18%-0.68%0.89%+41 bps
Return on Equity5.01%6.51%1.65%-7.14%12.41%+740 bps
Net Interest Margin2.99%3.09%3.05%3.12%3.19%+20 bps
Efficiency Ratio85.89%80.53%94.47%95.65%73.74%-1,215 bps
Non-Interest Burden2.50%2.39%2.86%2.96%2.25%-25 bps
Growth
Asset Growth (YoY)-5.91%-7.97%-4.31%-10.71%-7.06%-115 bps
Loan Growth (YoY)-7.43%-7.22%-10.61%-8.07%15.53%+2,296 bps
Deposit Growth (YoY)-7.07%-9.35%-5.43%-9.22%-3.22%+384 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.35%-0.01%-0.05%0.17%+17 bps
Allowance / Loans1.18%1.14%1.20%1.21%0.92%-26 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 Capital14.71%15.53%16.12%12.18%8.29%-642 bps
Equity / Assets9.76%10.62%10.71%8.18%6.20%-356 bps
Liquidity & Funding
Loans / Deposits81.01%82.63%78.27%81.19%96.71%+1,570 bps
Liquid Assets / Assets0.06%0.07%0.07%0.00%0.00%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a