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First National Bank in Whitney

Whitney, TX · Cert 5584

FDIC · 2 branches

Q3 2014

$50.3MAssets
$9.0MLoans
$44.7MDeposits
$5.5MEquity
Loan mix
49%RE $1.4M22%C&I $0.6M29%Consumer $0.9MQ3 2013Q3 2014
Deposit mix
68%Interest-bearing $30.4M32%Noninterest $14.4MQ3 2013Q3 2014

NIM

2.61%Q3 ’121.98%Q3 ’132.19%Q3 ’14-29%+20%

Non-interest income vs. expense

15.93%Q3 ’122.12%Q3 ’132.30%Q3 ’14-95%+91%

Executive Summary

  • Earnings: ROA of 0.27%, down 54 bps year over year; NIM at 1.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 20.03% of deposits as of Q3 2014.

Financial Results

Return on Assets (YTD, annualized)

0.27%-54 bps YoY

Net Interest Margin (YTD, annualized)

1.86%+31 bps YoY

Efficiency Ratio (YTD, annualized)

86.61%+1,300 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets0.81%0.60%0.45%0.33%0.27%-54 bps
Return on Equity8.60%6.43%4.80%3.28%2.68%-593 bps
Net Interest Margin1.55%1.67%1.99%1.95%1.86%+31 bps
Efficiency Ratio73.61%80.27%80.50%84.17%86.61%+1,300 bps
Non-Interest Burden0.79%1.08%1.43%1.51%1.50%+72 bps
Growth
Asset Growth (YoY)-14.85%-21.71%-17.98%-14.82%-3.89%+1,096 bps
Loan Growth (YoY)-20.50%-9.27%5.48%25.82%38.64%+5,914 bps
Deposit Growth (YoY)-14.48%-21.52%-18.00%-17.10%-5.12%+936 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.38%0.39%0.21%0.16%+8 bps
Allowance / Loans5.99%4.56%4.36%4.59%3.90%-209 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 Capital37.98%34.29%35.98%37.66%35.91%-207 bps
Equity / Assets9.90%9.01%9.93%10.97%10.98%+109 bps
Liquidity & Funding
Loans / Deposits13.71%17.36%17.99%17.25%20.03%+632 bps
Liquid Assets / Assets2.70%0.15%1.29%1.24%0.44%-227 bps
CRE / Total Capitaln/an/an/an/an/an/an/a