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First National Bank

Camdenton, MO · Cert 4546

FDIC · 5 branches

Q1 2018

$190.0MAssets
$67.4MLoans
$155.3MDeposits
$32.4MEquity
Loan mix
90%RE $44.0M8%C&I $3.8M3%Consumer $1.3MQ2 2016Q1 2018
Deposit mix
72%Interest-bearing $111.4M28%Noninterest $43.9MQ2 2016Q1 2018

Executive Summary

  • Earnings: ROA of -6.13%, down 631 bps year over year; NIM at 2.70%.
  • Asset quality: problem loans at 2.26% of loans (-4 bps YoY), with net charge-offs at 0.16%.
  • Capital: tier 1 leverage ratio of 17.09%, up 168 bps from a year ago.
  • Funding: loans stand at 43.37% of deposits as of Q1 2018.

Return on Assets (quarter, annualized)

-6.13%-631 bps YoY

Net Interest Margin (quarter, annualized)

2.70%+24 bps YoY

Efficiency Ratio (quarter, annualized)

183.30%+8,903 bps YoY

Tier 1 Leverage Ratio

17.09%+168 bps YoY

NIM

2.62%Q1 ’162.63%Q1 ’172.85%Q1 ’18+1%+10%

Non-interest income vs. expense

3.05%Q1 ’162.79%Q1 ’175.85%Q1 ’18+13%+133%

Discrete quarter, annualized.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.05%1.14%-0.42%0.17%0.02%0.35%2.29%-6.13%-631 bps
Return on Equity0.28%6.64%-2.71%1.14%0.13%2.09%13.09%-35.28%-3,642 bps
Net Interest Margin2.68%2.38%2.31%2.47%2.59%2.67%2.71%2.70%+24 bps
Efficiency Ratio98.47%115.99%116.34%94.28%99.29%89.91%92.89%183.30%+8,903 bps
Non-Interest Burden2.63%2.83%2.75%2.30%2.56%2.36%2.49%5.36%+306 bps
Growth
Asset Growth (YoY)-1.74%0.40%1.45%-0.40%-1.28%-6.68%-17.04%-7.24%-684 bps
Loan Growth (YoY)-8.97%-4.50%-1.71%5.60%5.18%29.24%53.49%28.95%+2,335 bps
Deposit Growth (YoY)-1.92%-0.12%2.22%0.48%-0.80%-6.82%-20.85%-8.90%-938 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%2.30%2.34%2.11%1.99%2.26%-4 bps
Net Charge-Offs / Loans-1.19%0.49%-0.49%0.30%0.47%0.01%0.61%0.16%-14 bps
Allowance / Loans7.07%5.46%5.57%5.21%5.10%4.16%2.03%1.50%-371 bps
Allowance Coverage of NPLsn/an/an/a2.3x2.2x2.0x1.0x0.7x-1.6x
Capital
Tier 1 Leverage Ratio16.56%16.52%16.08%15.41%16.80%16.66%18.00%17.09%+168 bps
Total Risk-Based Capital51.51%54.05%52.01%50.38%50.95%45.43%44.10%54.49%+411 bps
Equity / Assets17.17%17.18%13.82%16.29%16.75%17.27%17.70%17.07%+77 bps
Liquidity & Funding
Loans / Deposits28.99%28.30%24.72%30.64%30.74%39.25%47.94%43.37%+1,273 bps
Liquid Assets / Assets11.92%20.45%20.52%7.95%9.03%6.71%20.16%58.37%+5,042 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a