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Britton & Koontz First National Bank

Natchez, MS · Cert 4995

FDIC

Q4 2013

$301.1MAssets
$177.0MLoans
$222.1MDeposits
$41.2MEquity
Loan mix
83%RE $117.1M14%C&I $20.1M3%Consumer $3.9MQ4 2012Q4 2013
Deposit mix
72%Interest-bearing $159.8M28%Noninterest $62.2MQ4 2012Q4 2013

NIM

3.88%Q4 ’113.65%Q4 ’123.92%Q4 ’13+1%+16%

Non-interest income vs. expense

3.28%Q4 ’113.07%Q4 ’123.79%Q4 ’13+9%+22%

Executive Summary

  • Earnings: ROA of 0.17%, down 28 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Funding: loans stand at 79.70% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.17%-28 bps YoY

Net Interest Margin (quarter, annualized)

3.36%+46 bps YoY

Efficiency Ratio (quarter, annualized)

97.02%+436 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.45%0.31%0.24%0.73%0.17%-28 bps
Return on Equity3.37%2.26%1.75%5.44%1.24%-214 bps
Net Interest Margin2.90%3.02%3.16%3.31%3.36%+46 bps
Efficiency Ratio92.65%91.77%94.54%82.08%97.02%+436 bps
Non-Interest Burden2.70%2.73%2.97%2.56%3.28%+58 bps
Growth
Asset Growth (YoY)-16.59%-12.52%-11.31%-6.36%-1.32%+1,527 bps
Loan Growth (YoY)-15.21%-13.19%2.07%9.16%11.61%+2,682 bps
Deposit Growth (YoY)-14.64%-8.86%-6.74%-3.58%-1.97%+1,266 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.93%0.46%0.02%0.25%0.32%-61 bps
Allowance / Loans1.66%1.58%1.42%1.31%1.24%-42 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 Capital22.71%23.24%22.09%21.71%21.88%-82 bps
Equity / Assets13.85%13.56%13.71%13.29%13.70%-16 bps
Liquidity & Funding
Loans / Deposits70.00%66.66%76.80%78.41%79.70%+970 bps
Liquid Assets / Assets16.89%17.09%9.71%9.25%8.99%-790 bps
CRE / Total Capitaln/an/an/an/an/an/an/a