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First National Bank, Oelwein, The

Oelwein, IA · Cert 4485

FDIC

Q2 2007

$99.8MAssets
$68.7MLoans
$84.5MDeposits
$9.6MEquity
Loan mix
82%RE $37.6M18%C&I $8.3M0%Consumer $0.0MQ2 2006Q2 2007
Deposit mix
91%Interest-bearing $76.9M9%Noninterest $7.6MQ2 2006Q2 2007

NIM

5.42%Q2 ’055.95%Q2 ’066.13%Q2 ’07-6%-5%

Non-interest income vs. expense

2.79%Q2 ’052.62%Q2 ’062.52%Q2 ’07-5%-3%

Executive Summary

  • Earnings: ROA of 0.78%, up 19 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 81.28% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.78%+19 bps YoY

Net Interest Margin (quarter, annualized)

2.93%-15 bps YoY

Efficiency Ratio (quarter, annualized)

71.53%+93 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.59%0.05%0.51%0.57%0.78%+19 bps
Return on Equity6.16%0.55%5.33%5.89%8.06%+190 bps
Net Interest Margin3.08%2.95%3.02%2.91%2.93%-15 bps
Efficiency Ratio70.59%73.20%76.63%78.10%71.53%+93 bps
Non-Interest Burden2.06%2.04%2.25%2.19%2.00%-6 bps
Growth
Asset Growth (YoY)3.38%-1.92%-5.40%-2.30%0.68%-269 bps
Loan Growth (YoY)3.25%-2.57%-2.67%-6.49%-11.05%-1,430 bps
Deposit Growth (YoY)4.26%-5.88%-6.49%-1.19%2.44%-183 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.40%0.91%0.03%0.09%+9 bps
Allowance / Loans1.33%1.60%1.40%1.46%1.52%+19 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 Capital11.01%10.64%10.74%11.33%12.02%+101 bps
Equity / Assets9.67%9.56%9.59%9.76%9.65%-1 bps
Liquidity & Funding
Loans / Deposits93.60%97.20%92.94%88.46%81.28%-1,232 bps
Liquid Assets / Assets0.02%0.05%0.04%0.03%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a