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National Bank, The

Bettendorf, IA · Cert 57126

FDIC

Q4 2005

$439.8MAssets
$341.1MLoans
$374.3MDeposits
$43.5MEquity
Loan mix
45%RE $54.0M55%C&I $66.5M0%Consumer $0.3MQ4 2004Q4 2005
Deposit mix
93%Interest-bearing $347.3M7%Noninterest $27.0MQ4 2004Q4 2005

NIM

6.21%Q4 ’036.55%Q4 ’047.26%Q4 ’05+10%+3%

Non-interest income vs. expense

3.47%Q4 ’033.13%Q4 ’043.01%Q4 ’05-1%-8%

Executive Summary

  • Earnings: ROA of 1.44%, up 38 bps year over year; NIM at 4.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.07%.
  • Funding: loans stand at 91.15% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.44%+38 bps YoY

Net Interest Margin (quarter, annualized)

4.91%+14 bps YoY

Efficiency Ratio (quarter, annualized)

52.82%-428 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.06%1.05%1.05%1.18%1.44%+38 bps
Return on Equity10.86%10.76%10.59%11.85%14.49%+363 bps
Net Interest Margin4.76%4.88%5.05%4.99%4.91%+14 bps
Efficiency Ratio57.10%58.30%58.45%55.60%52.82%-428 bps
Non-Interest Burden2.50%2.65%2.72%2.51%2.31%-19 bps
Growth
Asset Growth (YoY)9.46%10.11%10.38%9.46%8.30%-116 bps
Loan Growth (YoY)17.91%16.08%16.61%15.02%11.77%-613 bps
Deposit Growth (YoY)8.20%10.57%10.14%9.90%11.81%+361 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.58%0.28%0.13%0.51%1.07%+49 bps
Allowance / Loans1.80%1.88%1.95%1.93%1.72%-7 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 Capital11.55%11.71%11.52%11.53%11.80%+25 bps
Equity / Assets9.59%9.89%9.97%9.96%9.90%+30 bps
Liquidity & Funding
Loans / Deposits91.18%90.91%94.90%93.82%91.15%-3 bps
Liquid Assets / Assets0.84%0.89%0.86%0.84%3.41%+257 bps
CRE / Total Capitaln/an/an/an/an/an/an/a