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First National Bank of North East

North East, MD · Cert 4856

FDIC

Q1 2007

$250.1MAssets
$145.1MLoans
$214.1MDeposits
$33.2MEquity
Loan mix
84%RE $108.2M15%C&I $19.2M1%Consumer $1.2MQ1 2006Q1 2007
Deposit mix
89%Interest-bearing $190.5M11%Noninterest $23.5MQ1 2006Q1 2007

NIM

4.68%Q1 ’055.45%Q1 ’065.94%Q1 ’07+2%-4%

Non-interest income vs. expense

3.45%Q1 ’053.35%Q1 ’063.54%Q1 ’07-7%+18%

Executive Summary

  • Earnings: ROA of 0.15%, down 33 bps year over year; NIM at 3.19%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 67.77% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

0.15%-33 bps YoY

Net Interest Margin (quarter, annualized)

3.19%-13 bps YoY

Efficiency Ratio (quarter, annualized)

89.13%+977 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets0.48%0.63%0.45%0.49%0.15%-33 bps
Return on Equity6.80%9.18%6.40%4.48%1.13%-567 bps
Net Interest Margin3.32%3.24%3.44%3.26%3.19%-13 bps
Efficiency Ratio79.37%72.19%75.28%76.34%89.13%+977 bps
Non-Interest Burden2.45%2.07%2.39%2.31%2.89%+44 bps
Growth
Asset Growth (YoY)15.32%7.68%7.01%81.06%62.62%+4,730 bps
Loan Growth (YoY)11.85%12.32%14.60%87.20%80.28%+6,843 bps
Deposit Growth (YoY)13.05%7.30%6.58%69.19%54.12%+4,107 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.33%0.06%0.19%0.14%0.01%-32 bps
Allowance / Loans0.84%0.84%0.90%0.95%0.98%+14 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 Capital12.99%12.57%12.67%12.42%12.91%-7 bps
Equity / Assets6.78%6.92%7.24%12.96%13.29%+651 bps
Liquidity & Funding
Loans / Deposits57.94%60.63%63.95%66.88%67.77%+984 bps
Liquid Assets / Assets0.15%0.43%0.13%0.87%0.40%+24 bps
CRE / Total Capitaln/an/an/an/an/an/an/a