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First National Bank

Hawley, MN · Cert 5161

FDIC

Q2 2012

$90.7MAssets
$52.7MLoans
$69.9MDeposits
$13.8MEquity
Loan mix
76%RE $27.6M14%C&I $4.9M11%Consumer $3.9MQ2 2011Q2 2012
Deposit mix
86%Interest-bearing $59.8M14%Noninterest $10.1MQ2 2011Q2 2012

NIM

5.28%Q2 ’105.18%Q2 ’114.60%Q2 ’12+8%-8%

Non-interest income vs. expense

2.94%Q2 ’102.77%Q2 ’112.49%Q2 ’12+4%-13%

Executive Summary

  • Earnings: ROA of 0.96%, down 1 bps year over year; NIM at 3.66%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 75.38% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

0.96%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.66%-32 bps YoY

Efficiency Ratio (YTD, annualized)

61.04%-247 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.97%1.06%0.92%1.18%0.96%-1 bps
Return on Equity9.95%10.78%9.44%11.79%8.15%-180 bps
Net Interest Margin3.99%3.92%3.72%3.65%3.66%-32 bps
Efficiency Ratio63.51%62.93%64.44%66.52%61.04%-247 bps
Non-Interest Burden2.40%2.32%2.25%2.29%2.07%-32 bps
Growth
Asset Growth (YoY)-1.42%3.22%5.01%7.72%8.01%+944 bps
Loan Growth (YoY)-5.25%-2.01%0.29%-1.60%-5.59%-34 bps
Deposit Growth (YoY)-1.06%5.81%8.40%10.70%4.43%+550 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.10%0.12%-0.02%-0.03%-3 bps
Allowance / Loans2.57%2.48%2.45%2.72%2.72%+15 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 Capital13.06%13.62%13.89%15.26%19.67%+662 bps
Equity / Assets10.25%10.13%9.60%10.50%15.20%+495 bps
Liquidity & Funding
Loans / Deposits83.38%80.25%72.46%71.56%75.38%-800 bps
Liquid Assets / Assets5.08%2.93%11.78%9.31%9.02%+394 bps
CRE / Total Capitaln/an/an/an/an/an/an/a