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First National Bank

Palco, KS · Cert 4753

FDIC

Q4 2012

$79.9MAssets
$28.7MLoans
$67.5MDeposits
$8.3MEquity
Loan mix
82%RE $20.9M15%C&I $3.8M3%Consumer $0.9MQ4 2011Q4 2012
Deposit mix
76%Interest-bearing $51.5M24%Noninterest $16.1MQ4 2011Q4 2012

NIM

4.85%Q4 ’103.31%Q4 ’112.82%Q4 ’12-33%-14%

Non-interest income vs. expense

12.02%Q4 ’104.63%Q4 ’112.10%Q4 ’12-2%+21%

Executive Summary

  • Earnings: ROA of -1.07%, down 152 bps year over year; NIM at 2.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 42.56% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

-1.07%-152 bps YoY

Net Interest Margin (quarter, annualized)

2.52%-41 bps YoY

Efficiency Ratio (quarter, annualized)

207%+10,530 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.45%1-1.61%-1.64%-0.10%-1.07%-152 bps
Return on Equity4.23%-16.10%-16.58%-0.99%-10.15%-1,438 bps
Net Interest Margin2.93%2.25%2.46%2.48%2.52%-41 bps
Efficiency Ratio101.23%105.69%129.53%102.50%207%+10,530 bps
Non-Interest Burden2.98%2.45%3.47%2.59%3.60%+62 bps
Growth
Asset Growth (YoY)-0.22%9.80%-1.97%-7.86%-8.23%-800 bps
Loan Growth (YoY)-28.19%-19.19%-17.84%-21.88%-33.15%-496 bps
Deposit Growth (YoY)1.51%13.82%0.35%-6.33%-8.84%-1,035 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%4.04%2.09%-0.13%0.00%+2 bps
Allowance / Loans2.89%3.06%3.01%3.32%4.05%+116 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 Capital20.41%20.03%20.08%21.19%23.32%+290 bps
Equity / Assets10.46%9.51%10.34%10.74%10.35%-10 bps
Liquidity & Funding
Loans / Deposits58.04%49.86%55.09%53.10%42.56%-1,548 bps
Liquid Assets / Assets28.45%25.52%21.21%19.19%21.81%-665 bps
CRE / Total Capitaln/an/an/an/an/an/an/a