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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

6.52%Q2 ’036.11%Q2 ’046.32%Q2 ’05-2%-4%

Non-interest income vs. expense

2.43%Q2 ’032.50%Q2 ’042.42%Q2 ’05+1%-1%

Executive Summary

  • Earnings: ROA of -0.66%, down 184 bps year over year; NIM at 3.82%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.70%.
  • Funding: loans stand at 99.66% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

-0.66%-184 bps YoY

Net Interest Margin (quarter, annualized)

3.82%-16 bps YoY

Efficiency Ratio (quarter, annualized)

56.93%+106 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.18%1.21%1.29%0.24%-0.66%-184 bps
Return on Equity15.73%15.97%16.82%3.05%-7.70%-2,343 bps
Net Interest Margin3.98%3.83%4.15%4.01%3.82%-16 bps
Efficiency Ratio55.87%51.18%52.34%51.99%56.93%+106 bps
Non-Interest Burden2.01%1.73%1.94%1.91%1.99%-2 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 / Loans0.00%-0.01%1.26%1.05%2.70%+270 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