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First National Bank of Friend

Friend, NE · Cert 5404

FDIC

Q1 2011

$39.3MAssets
$21.6MLoans
$32.0MDeposits
$4.0MEquity
Loan mix
62%RE $10.6M35%C&I $5.9M3%Consumer $0.5MQ1 2010Q1 2011
Deposit mix
76%Interest-bearing $24.4M24%Noninterest $7.6MQ1 2010Q1 2011

NIM

4.93%Q1 ’094.48%Q1 ’103.33%Q1 ’11+1%-27%

Non-interest income vs. expense

2.46%Q1 ’092.77%Q1 ’101.95%Q1 ’11+11%-30%

Executive Summary

  • Earnings: ROA of 0.61%, up 8 bps year over year; NIM at 2.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 67.44% of deposits as of Q1 2011.

Financial Results

Return on Assets (YTD, annualized)

0.61%+8 bps YoY

Net Interest Margin (YTD, annualized)

2.37%-88 bps YoY

Efficiency Ratio (YTD, annualized)

76.95%-259 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets0.53%0.46%0.89%1.21%0.61%+8 bps
Return on Equity5.65%4.92%9.38%12.50%5.99%+34 bps
Net Interest Margin3.25%3.38%3.47%3.46%2.37%-88 bps
Efficiency Ratio79.54%75.38%66.82%62.15%76.95%-259 bps
Non-Interest Burden2.53%2.49%2.24%1.99%1.78%-75 bps
Growth
Asset Growth (YoY)-1.63%-4.96%-7.43%-5.79%-0.18%+145 bps
Loan Growth (YoY)0.40%5.76%8.85%-8.08%-22.09%-2,249 bps
Deposit Growth (YoY)-0.98%-6.63%0.29%-6.67%0.17%+115 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%-0.09%0.00%0 bps
Allowance / Loans1.15%1.40%1.31%1.64%2.02%+87 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 Capital14.66%14.20%13.90%15.89%18.22%+356 bps
Equity / Assets9.53%9.33%10.01%10.26%10.05%+52 bps
Liquidity & Funding
Loans / Deposits86.72%90.29%101.61%86.46%67.44%-1,927 bps
Liquid Assets / Assets7.20%5.94%4.88%1.77%1.72%-548 bps
CRE / Total Capitaln/an/an/an/an/an/an/a