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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

5.41%Q2 ’105.15%Q2 ’114.63%Q2 ’12+2%-6%

Non-interest income vs. expense

2.83%Q2 ’102.68%Q2 ’112.31%Q2 ’12+4%-16%

Executive Summary

  • Earnings: ROA of 0.74%, down 19 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.05%.
  • Funding: loans stand at 75.38% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

0.74%-19 bps YoY

Net Interest Margin (quarter, annualized)

3.71%-26 bps YoY

Efficiency Ratio (quarter, annualized)

55.73%-513 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets0.93%1.26%0.55%1.18%0.74%-19 bps
Return on Equity9.14%12.36%5.56%11.79%5.76%-337 bps
Net Interest Margin3.97%3.98%3.86%3.65%3.71%-26 bps
Efficiency Ratio60.86%61.83%68.57%66.52%55.73%-513 bps
Non-Interest Burden2.24%2.28%2.47%2.29%1.88%-37 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%0.28%0.21%-0.02%-0.05%-5 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