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First National Bank

Abilene, KS · Cert 4609

FDIC

Q4 2006

$97.7MAssets
$52.9MLoans
$86.7MDeposits
$6.6MEquity
Loan mix
87%RE $26.6M13%C&I $4.0M0%Consumer $0.1MQ4 2005Q4 2006
Deposit mix
84%Interest-bearing $73.1M16%Noninterest $13.5MQ4 2005Q4 2006

NIM

4.65%Q4 ’044.97%Q4 ’055.59%Q4 ’06-2%-6%

Non-interest income vs. expense

2.05%Q4 ’042.01%Q4 ’052.42%Q4 ’06-12%+41%

Executive Summary

  • Earnings: ROA of 1.40%, down 16 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 60.99% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

1.40%-16 bps YoY

Net Interest Margin (quarter, annualized)

3.02%-18 bps YoY

Efficiency Ratio (quarter, annualized)

65.21%+1,477 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.55%1.16%1.18%1.57%1.40%-16 bps
Return on Equity20.65%16.64%18.45%23.52%20.23%-42 bps
Net Interest Margin3.20%2.94%2.88%2.96%3.02%-18 bps
Efficiency Ratio50.44%66.08%56.93%56.80%65.21%+1,477 bps
Non-Interest Burden1.23%1.71%1.33%1.33%1.73%+50 bps
Growth
Asset Growth (YoY)-2.12%-3.27%-3.58%-1.16%-6.18%-405 bps
Loan Growth (YoY)-3.61%-6.87%-7.34%4.10%1.09%+470 bps
Deposit Growth (YoY)-6.15%-4.89%-4.54%-3.51%-1.28%+487 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%-0.01%-0.03%0.03%-0.01%-4 bps
Allowance / Loans1.43%1.53%1.57%1.52%1.41%-1 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 Capital16.04%15.08%14.60%15.06%13.99%-205 bps
Equity / Assets7.35%6.61%6.22%7.10%6.73%-62 bps
Liquidity & Funding
Loans / Deposits59.55%55.52%53.66%55.89%60.99%+143 bps
Liquid Assets / Assets0.00%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a