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Letter portraitLegal landscapeQuarterYTD

First National Bank of Albion, The

Albion, NE · Cert 5371

FDIC

Q3 2005

$39.1MAssets
$24.1MLoans
$33.3MDeposits
$5.0MEquity
Deposit mix
88%Interest-bearing $29.4M12%Noninterest $3.9MQ3 2004Q3 2005

NIM

5.09%Q3 ’034.58%Q3 ’045.10%Q3 ’05-3%+6%

Non-interest income vs. expense

2.56%Q3 ’032.59%Q3 ’042.82%Q3 ’05+1%+8%

Executive Summary

  • Earnings: ROA of 0.67%, down 3 bps year over year; NIM at 3.54%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 72.36% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.67%-3 bps YoY

Net Interest Margin (YTD, annualized)

3.54%+19 bps YoY

Efficiency Ratio (YTD, annualized)

72.49%+142 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.70%0.55%0.83%0.79%0.67%-3 bps
Return on Equity5.59%4.44%6.92%6.45%5.42%-17 bps
Net Interest Margin3.35%3.36%3.53%3.44%3.54%+19 bps
Efficiency Ratio71.07%77.85%67.02%67.92%72.49%+142 bps
Non-Interest Burden2.29%2.54%2.26%2.24%2.47%+18 bps
Growth
Asset Growth (YoY)1.08%5.36%1.84%3.17%3.33%+225 bps
Loan Growth (YoY)1.15%1.08%0.44%-0.72%2.81%+166 bps
Deposit Growth (YoY)-2.02%5.87%2.05%3.90%5.22%+724 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.00%0.00%0.08%+7 bps
Allowance / Loans1.18%1.23%1.32%1.24%1.09%-9 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 Capital20.08%19.92%21.67%20.86%19.57%-51 bps
Equity / Assets12.88%11.66%12.47%12.68%12.67%-21 bps
Liquidity & Funding
Loans / Deposits74.06%63.05%62.59%66.66%72.36%-170 bps
Liquid Assets / Assets18.26%16.60%18.79%21.34%20.97%+271 bps
CRE / Total Capitaln/an/an/an/an/an/an/a