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First National Bank of Lafollette

La Follette, TN · Cert 4944

FDIC

Q4 2010

$193.7MAssets
$119.1MLoans
$173.3MDeposits
$17.3MEquity
Loan mix
89%RE $78.3M11%C&I $10.0M0%Consumer $0.0MQ4 2009Q4 2010
Deposit mix
87%Interest-bearing $151.4M13%Noninterest $21.9MQ4 2009Q4 2010

NIM

6.31%Q4 ’085.78%Q4 ’095.18%Q4 ’10+7%-3%

Non-interest income vs. expense

4.65%Q4 ’083.90%Q4 ’094.12%Q4 ’10-16%+3%

Executive Summary

  • Earnings: ROA of -0.17%, down 9 bps year over year; NIM at 3.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.11%.
  • Funding: loans stand at 68.74% of deposits as of Q4 2010.

Financial Results

Return on Assets (YTD, annualized)

-0.17%-9 bps YoY

Net Interest Margin (YTD, annualized)

3.93%-12 bps YoY

Efficiency Ratio (YTD, annualized)

86.21%+428 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-0.08%-2.32%-1.14%-0.50%-0.17%-9 bps
Return on Equity-0.99%-27.25%-13.32%-5.73%-1.94%-95 bps
Net Interest Margin4.05%3.96%4.05%4.03%3.93%-12 bps
Efficiency Ratio81.93%104.18%92.07%87.86%86.21%+428 bps
Non-Interest Burden3.19%4.16%3.67%3.43%3.27%+8 bps
Growth
Asset Growth (YoY)-6.32%-8.09%-4.95%-2.17%3.35%+966 bps
Loan Growth (YoY)-8.23%-8.65%-8.68%-7.56%-8.64%-41 bps
Deposit Growth (YoY)-7.05%-9.60%-4.77%-2.78%3.18%+1,022 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.57%3.37%1.97%1.52%1.11%-145 bps
Allowance / Loans2.12%2.09%2.37%2.38%0.00%-212 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 Capital14.38%13.90%13.93%14.59%13.78%-60 bps
Equity / Assets8.64%8.37%8.57%9.03%8.93%+29 bps
Liquidity & Funding
Loans / Deposits77.63%78.46%77.38%76.48%68.74%-889 bps
Liquid Assets / Assets2.72%4.00%5.78%7.21%13.52%+1,081 bps
CRE / Total Capitaln/an/an/an/an/an/an/a