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First National Bank of Smith Center, The

Smith Center, KS · Cert 4772

FDIC

Q4 2013

$49.9MAssets
$17.2MLoans
$45.3MDeposits
$4.5MEquity
Loan mix
71%RE $8.1M21%C&I $2.4M8%Consumer $0.9MQ4 2012Q4 2013
Deposit mix
67%Interest-bearing $30.3M33%Noninterest $15.0MQ4 2012Q4 2013

NIM

3.54%Q4 ’113.05%Q4 ’122.83%Q4 ’13-12%-5%

Non-interest income vs. expense

2.65%Q4 ’113.61%Q4 ’123.91%Q4 ’13+41%+18%

Executive Summary

  • Earnings: ROA of -0.37%, up 35 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 0.53%.
  • Funding: loans stand at 37.99% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.37%+35 bps YoY

Net Interest Margin (quarter, annualized)

2.52%-12 bps YoY

Efficiency Ratio (quarter, annualized)

152.23%+3,107 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.73%0.56%0.55%1.54%-0.37%+35 bps
Return on Equity-7.61%6.09%5.83%15.92%-3.94%+367 bps
Net Interest Margin2.64%2.58%2.53%2.65%2.52%-12 bps
Efficiency Ratio121.16%94.01%80.00%77.57%152.23%+3,107 bps
Non-Interest Burden3.28%2.44%1.98%1.95%3.86%+59 bps
Growth
Asset Growth (YoY)8.61%1.51%4.47%1.63%-2.92%-1,153 bps
Loan Growth (YoY)2.86%11.77%12.37%17.57%4.79%+193 bps
Deposit Growth (YoY)10.47%1.39%5.17%5.70%-3.07%-1,355 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.07%-0.05%-0.02%-0.07%0.53%+61 bps
Allowance / Loans1.19%0.96%0.89%0.84%0.73%-46 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 Capital18.08%19.79%19.31%19.74%18.83%+75 bps
Equity / Assets8.91%9.49%9.32%10.01%9.06%+15 bps
Liquidity & Funding
Loans / Deposits35.14%34.00%37.20%42.31%37.99%+285 bps
Liquid Assets / Assets40.85%48.78%48.04%45.80%5.74%-3,511 bps
CRE / Total Capitaln/an/an/an/an/an/an/a