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First National Bank of Mount Vernon, The

Mount Vernon, MO · Cert 4555

FDIC

Q2 2006

$103.5MAssets
$74.5MLoans
$86.2MDeposits
$11.2MEquity
Loan mix
93%RE $37.4M7%C&I $2.9M0%Consumer $0.0MQ2 2005Q2 2006
Deposit mix
95%Interest-bearing $81.9M5%Noninterest $4.3MQ2 2005Q2 2006

NIM

4.99%Q2 ’045.62%Q2 ’056.44%Q2 ’06+3%+1%

Non-interest income vs. expense

3.45%Q2 ’043.11%Q2 ’052.89%Q2 ’06+108%-1%

Executive Summary

  • Earnings: ROA of 2.18%, up 50 bps year over year; NIM at 4.05%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 86.41% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

2.18%+50 bps YoY

Net Interest Margin (YTD, annualized)

4.05%+4 bps YoY

Efficiency Ratio (YTD, annualized)

60.14%-260 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.68%1.65%1.68%1.67%2.18%+50 bps
Return on Equity14.63%14.31%14.53%15.13%19.85%+522 bps
Net Interest Margin4.01%4.19%4.14%4.02%4.05%+4 bps
Efficiency Ratio62.73%62.61%62.01%61.23%60.14%-260 bps
Non-Interest Burden2.16%2.27%2.22%2.16%2.13%-3 bps
Growth
Asset Growth (YoY)6.75%6.81%-5.42%10.66%10.33%+359 bps
Loan Growth (YoY)13.15%10.98%11.40%9.68%7.48%-567 bps
Deposit Growth (YoY)19.54%14.22%-2.37%14.63%11.59%-794 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.03%0.03%0.01%0.00%-3 bps
Allowance / Loans0.74%0.80%0.88%0.93%0.93%+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 Capital16.00%15.84%15.53%15.13%15.59%-41 bps
Equity / Assets11.51%11.65%11.66%10.48%10.86%-64 bps
Liquidity & Funding
Loans / Deposits89.72%93.39%96.70%85.07%86.41%-330 bps
Liquid Assets / Assets5.07%2.89%0.33%8.71%3.39%-168 bps
CRE / Total Capitaln/an/an/an/an/an/an/a