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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

4.90%Q3 ’034.75%Q3 ’045.25%Q3 ’05+1%+2%

Non-interest income vs. expense

2.52%Q3 ’032.66%Q3 ’043.24%Q3 ’05+5%+20%

Executive Summary

  • Earnings: ROA of 0.43%, down 32 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 72.36% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.43%-32 bps YoY

Net Interest Margin (quarter, annualized)

3.55%+5 bps YoY

Efficiency Ratio (quarter, annualized)

81.30%+1,152 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.75%0.12%0.83%0.75%0.43%-32 bps
Return on Equity5.88%1.00%6.92%5.99%3.40%-248 bps
Net Interest Margin3.49%3.46%3.53%3.35%3.55%+5 bps
Efficiency Ratio69.78%97.02%67.02%68.89%81.30%+1,152 bps
Non-Interest Burden2.34%3.35%2.26%2.22%2.80%+46 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 / Loans0.00%0.00%0.00%0.00%0.23%+23 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