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First National Bank

Lamar, MO · Cert 4581

FDIC

Q3 2004

$44.8MAssets
$32.8MLoans
$34.5MDeposits
$4.8MEquity
Deposit mix
87%Interest-bearing $29.9M13%Noninterest $4.6MQ3 2003Q3 2004

NIM

6.94%Q3 ’025.72%Q3 ’036.06%Q3 ’04-14%+17%

Non-interest income vs. expense

2.47%Q3 ’022.72%Q3 ’033.07%Q3 ’04+14%+13%

Executive Summary

  • Earnings: ROA of 2.03%, up 72 bps year over year; NIM at 4.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 94.96% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

2.03%+72 bps YoY

Net Interest Margin (quarter, annualized)

4.35%+62 bps YoY

Efficiency Ratio (quarter, annualized)

60.21%-179 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.31%1.43%1.78%1.88%2.03%+72 bps
Return on Equity12.97%13.94%18.15%19.61%19.67%+670 bps
Net Interest Margin3.72%3.77%4.12%3.78%4.35%+62 bps
Efficiency Ratio62.00%58.94%59.59%65.19%60.21%-179 bps
Non-Interest Burden2.06%1.94%2.17%2.16%2.31%+26 bps
Growth
Asset Growth (YoY)0.71%1.10%-0.53%-4.39%-4.77%-548 bps
Loan Growth (YoY)-2.31%-2.19%-4.01%-5.29%-5.29%-297 bps
Deposit Growth (YoY)1.16%1.86%1.13%-4.78%-5.87%-703 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.73%0.96%-0.84%-0.06%-0.01%-74 bps
Allowance / Loans1.22%1.09%1.36%1.35%1.37%+16 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 Capital15.20%15.56%14.78%15.27%16.15%+95 bps
Equity / Assets10.23%10.36%9.27%9.89%10.76%+53 bps
Liquidity & Funding
Loans / Deposits94.37%92.47%85.95%92.83%94.96%+59 bps
Liquid Assets / Assets1.16%1.16%1.08%0.07%0.10%-107 bps
CRE / Total Capitaln/an/an/an/an/an/an/a