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Letter portraitLegal landscapeQuarterYTD

First National Bank of Belden, The

Belden, NE · Cert 5385

FDIC

Q2 2006

$30.9MAssets
$27.1MLoans
$27.1MDeposits
$3.1MEquity
Deposit mix
90%Interest-bearing $24.5M10%Noninterest $2.6MQ2 2005Q2 2006

NIM

6.26%Q2 ’046.23%Q2 ’057.51%Q2 ’06-7%+6%

Non-interest income vs. expense

3.13%Q2 ’042.82%Q2 ’052.73%Q2 ’06-9%-6%

Executive Summary

  • Earnings: ROA of 2.24%, up 39 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 100.08% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

2.24%+39 bps YoY

Net Interest Margin (YTD, annualized)

4.67%+28 bps YoY

Efficiency Ratio (YTD, annualized)

54.69%-596 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.85%1.91%1.89%1.97%2.24%+39 bps
Return on Equity20.03%20.49%20.14%20.97%23.48%+344 bps
Net Interest Margin4.40%4.50%4.34%4.31%4.67%+28 bps
Efficiency Ratio60.65%60.45%60.74%56.53%54.69%-596 bps
Non-Interest Burden2.57%2.62%2.54%2.31%2.41%-16 bps
Growth
Asset Growth (YoY)10.49%12.06%8.57%8.10%5.43%-505 bps
Loan Growth (YoY)10.49%18.92%5.34%12.32%9.96%-53 bps
Deposit Growth (YoY)11.69%12.15%5.74%4.45%2.37%-932 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.06%-0.08%-0.07%-0.01%-0.03%+3 bps
Allowance / Loans1.77%1.71%1.73%1.62%1.67%-10 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 Capital11.73%11.78%12.29%11.19%12.09%+36 bps
Equity / Assets9.24%9.49%9.68%9.08%9.89%+65 bps
Liquidity & Funding
Loans / Deposits93.18%96.71%95.51%101.30%100.08%+691 bps
Liquid Assets / Assets2.04%1.98%1.47%1.45%1.46%-57 bps
CRE / Total Capitaln/an/an/an/an/an/an/a