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First National Bank of Barron

Barron, WI · Cert 5338

FDIC

Q1 2014

$43.6MAssets
$27.9MLoans
$38.0MDeposits
$4.5MEquity
Loan mix
86%RE $22.9M11%C&I $2.8M3%Consumer $0.8MQ1 2013Q1 2014
Deposit mix
71%Interest-bearing $26.9M29%Noninterest $11.1MQ1 2013Q1 2014

NIM

4.05%Q1 ’124.06%Q1 ’134.01%Q1 ’14+4%+8%

Non-interest income vs. expense

3.65%Q1 ’123.58%Q1 ’133.96%Q1 ’14-20%+19%

Executive Summary

  • Earnings: ROA of 1.64%, up 114 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 73.46% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

1.64%+114 bps YoY

Net Interest Margin (quarter, annualized)

3.47%+26 bps YoY

Efficiency Ratio (quarter, annualized)

92.13%+618 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.50%0.94%0.75%0.60%1.64%+114 bps
Return on Equity5.45%10.10%7.98%6.26%16.58%+1,112 bps
Net Interest Margin3.21%3.58%3.59%3.63%3.47%+26 bps
Efficiency Ratio85.95%77.28%82.33%82.60%92.13%+618 bps
Non-Interest Burden2.62%2.57%2.84%3.03%3.13%+51 bps
Growth
Asset Growth (YoY)-6.02%-7.59%-5.59%-6.60%-5.37%+65 bps
Loan Growth (YoY)6.66%8.69%0.98%-1.55%-7.05%-1,371 bps
Deposit Growth (YoY)-5.73%-9.45%-6.49%-8.36%-7.76%-203 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%-0.03%-0.01%0.19%-0.01%+3 bps
Allowance / Loans1.52%1.51%1.52%1.52%1.11%-40 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 Capital14.48%14.36%14.85%15.21%16.79%+230 bps
Equity / Assets9.41%9.14%9.59%9.44%10.36%+95 bps
Liquidity & Funding
Loans / Deposits72.91%76.86%78.05%75.28%73.46%+55 bps
Liquid Assets / Assets6.50%4.21%1.72%2.28%7.07%+56 bps
CRE / Total Capitaln/an/an/an/an/an/an/a