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First National Bank in Pratt

Pratt, KS · Cert 4760

FDIC · 1 branch

Q2 2018

$102.0MAssets
$48.6MLoans
$85.5MDeposits
$11.0MEquity
Loan mix
63%RE $17.4M34%C&I $9.4M3%Consumer $0.7MQ2 2017Q2 2018
Deposit mix
72%Interest-bearing $61.4M28%Noninterest $24.1MQ2 2017Q2 2018

NIM

2.94%Q2 ’162.90%Q2 ’173.08%Q2 ’18-1%+3%

Non-interest income vs. expense

2.69%Q2 ’162.81%Q2 ’172.45%Q2 ’18+2%-13%

Executive Summary

  • Earnings: ROA of 0.86%, up 38 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 2.67% of loans (+204 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.87%, down 48 bps from a year ago.
  • Funding: loans stand at 56.91% of deposits as of Q2 2018.

Financial Results

Return on Assets (YTD, annualized)

0.86%+38 bps YoY

Net Interest Margin (YTD, annualized)

2.96%+10 bps YoY

Efficiency Ratio (YTD, annualized)

70.16%-1,131 bps YoY

Tier 1 Leverage Ratio

10.87%-48 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018YoY ΔTrend
Earnings
Return on Assets0.49%0.23%-0.41%0.59%0.86%+38 bps
Return on Equity4.14%1.93%-3.59%5.63%8.14%+400 bps
Net Interest Margin2.86%2.85%2.77%2.88%2.96%+10 bps
Efficiency Ratio81.47%81.71%80.93%78.10%70.16%-1,131 bps
Non-Interest Burden2.29%2.29%2.20%2.21%2.00%-29 bps
Growth
Asset Growth (YoY)0.96%5.94%5.25%0.50%2.64%+167 bps
Loan Growth (YoY)-9.83%-1.88%4.61%1.62%1.65%+1,148 bps
Deposit Growth (YoY)0.84%-0.53%0.67%-2.94%-0.44%-128 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.60%2.54%2.61%2.67%+204 bps
Net Charge-Offs / Loans0.04%0.03%1.85%0.02%0.01%-3 bps
Allowance / Loans1.34%1.66%1.20%1.28%1.34%0 bps
Allowance Coverage of NPLs2.1x2.8x0.5x0.5x0.5x-1.6x
Capital
Tier 1 Leverage Ratio11.35%11.15%10.28%10.42%10.87%-48 bps
Total Risk-Based Capital19.73%18.81%16.78%17.92%18.81%-92 bps
Equity / Assets12.33%11.75%10.54%10.55%10.77%-156 bps
Liquidity & Funding
Loans / Deposits55.74%61.30%61.15%58.61%56.91%+117 bps
Liquid Assets / Assets4.00%3.54%3.14%3.50%4.13%+12 bps
CRE / Total Capitaln/an/an/an/an/an/an/a