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First National Bank of Clifton, The

Clifton, KS · Cert 4640

FDIC

Q2 2008

$41.9MAssets
$23.1MLoans
$35.2MDeposits
$4.0MEquity
Deposit mix
84%Interest-bearing $29.6M16%Noninterest $5.7MQ2 2007Q2 2008

NIM

6.12%Q2 ’066.97%Q2 ’076.96%Q2 ’08+7%+3%

Non-interest income vs. expense

3.04%Q2 ’063.09%Q2 ’073.48%Q2 ’08-21%+23%

Executive Summary

  • Earnings: ROA of 1.99%, down 57 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 65.43% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

1.99%-57 bps YoY

Net Interest Margin (quarter, annualized)

4.24%+11 bps YoY

Efficiency Ratio (quarter, annualized)

58.49%+503 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets2.56%1.81%1.85%1.94%1.99%-57 bps
Return on Equity24.97%17.55%18.39%19.59%20.33%-463 bps
Net Interest Margin4.12%3.67%3.61%3.69%4.24%+11 bps
Efficiency Ratio53.46%63.53%64.56%59.39%58.49%+503 bps
Non-Interest Burden1.44%1.80%1.79%1.68%1.76%+33 bps
Growth
Asset Growth (YoY)-0.68%0.57%8.63%5.23%8.60%+928 bps
Loan Growth (YoY)3.33%6.57%6.97%11.35%3.31%-2 bps
Deposit Growth (YoY)-1.58%0.11%7.72%3.46%7.94%+952 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-1.04%-0.18%0.28%0.05%0.07%+111 bps
Allowance / Loans1.90%1.92%1.96%1.93%1.91%+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 Capital18.99%17.89%17.93%17.81%17.78%-121 bps
Equity / Assets10.43%10.16%9.92%9.92%9.62%-81 bps
Liquidity & Funding
Loans / Deposits68.36%69.41%65.67%64.62%65.43%-293 bps
Liquid Assets / Assets0.11%0.25%0.60%0.51%0.55%+44 bps
CRE / Total Capitaln/an/an/an/an/an/an/a