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First National Bank, Torrington

Torrington, WY · Cert 530

FDIC

Q2 2005

$154.8MAssets
$126.4MLoans
$126.8MDeposits
$13.8MEquity
Loan mix
74%RE $52.8M26%C&I $18.9M0%Consumer $0.1MQ2 2004Q2 2005
Deposit mix
87%Interest-bearing $109.8M13%Noninterest $17.1MQ2 2004Q2 2005

NIM

6.39%Q2 ’036.05%Q2 ’046.33%Q2 ’05+0%+0%

Non-interest income vs. expense

2.38%Q2 ’032.34%Q2 ’042.37%Q2 ’05-1%+4%

Executive Summary

  • Earnings: ROA of -0.21%, down 146 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.90%.
  • Funding: loans stand at 99.66% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

-0.21%-146 bps YoY

Net Interest Margin (YTD, annualized)

3.96%+1 bps YoY

Efficiency Ratio (YTD, annualized)

54.40%+109 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.25%1.24%1.25%0.24%-0.21%-146 bps
Return on Equity16.66%16.39%16.52%3.05%-2.51%-1,917 bps
Net Interest Margin3.95%3.80%3.75%4.01%3.96%+1 bps
Efficiency Ratio53.31%52.59%52.52%51.99%54.40%+109 bps
Non-Interest Burden1.90%1.79%1.77%1.91%1.97%+8 bps
Growth
Asset Growth (YoY)22.57%18.12%14.13%12.85%1.77%-2,080 bps
Loan Growth (YoY)26.68%20.35%12.75%6.84%-4.46%-3,114 bps
Deposit Growth (YoY)24.80%16.25%18.65%14.67%7.04%-1,777 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.32%1.05%1.90%+188 bps
Allowance / Loans1.30%1.41%1.20%1.54%1.81%+51 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 Capital9.84%10.21%10.04%11.32%11.93%+209 bps
Equity / Assets7.36%7.73%7.58%8.26%8.89%+153 bps
Liquidity & Funding
Loans / Deposits111.66%107.27%101.52%98.82%99.66%-1,200 bps
Liquid Assets / Assets0.20%0.20%0.06%2.57%0.06%-13 bps
CRE / Total Capitaln/an/an/an/an/an/an/a