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First National Bank of Muskogee

Muskogee, OK · Cert 57183

FDIC

Q2 2012

$178.9MAssets
$141.4MLoans
$161.3MDeposits
$14.9MEquity
Loan mix
72%RE $81.4M23%C&I $25.3M5%Consumer $5.6MQ2 2011Q2 2012
Deposit mix
74%Interest-bearing $120.1M26%Noninterest $41.2MQ2 2011Q2 2012

NIM

5.07%Q2 ’104.66%Q2 ’114.58%Q2 ’12-7%+4%

Non-interest income vs. expense

3.54%Q2 ’103.23%Q2 ’114.18%Q2 ’12-12%+19%

Executive Summary

  • Earnings: ROA of 1.67%, down 13 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 87.64% of deposits as of Q2 2012.

Financial Results

Return on Assets (YTD, annualized)

1.67%-13 bps YoY

Net Interest Margin (YTD, annualized)

4.12%+18 bps YoY

Efficiency Ratio (YTD, annualized)

68.80%+804 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets1.81%2.02%1.98%1.34%1.67%-13 bps
Return on Equity21.63%24.04%23.85%17.09%20.95%-68 bps
Net Interest Margin3.94%4.17%4.18%4.28%4.12%+18 bps
Efficiency Ratio60.76%58.67%59.39%71.00%68.80%+804 bps
Non-Interest Burden1.86%1.85%1.91%2.63%2.22%+36 bps
Growth
Asset Growth (YoY)13.59%3.26%3.48%12.05%9.66%-392 bps
Loan Growth (YoY)5.05%10.24%14.59%12.94%11.51%+646 bps
Deposit Growth (YoY)15.44%3.95%4.37%14.39%11.06%-438 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.03%0.04%0.03%0.08%+7 bps
Allowance / Loans1.41%1.43%1.50%1.53%1.53%+12 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 Capital11.71%11.19%11.13%10.91%10.92%-79 bps
Equity / Assets8.58%8.62%7.90%7.75%8.33%-25 bps
Liquidity & Funding
Loans / Deposits87.29%91.35%83.42%82.71%87.64%+35 bps
Liquid Assets / Assets3.12%0.92%9.48%9.62%8.38%+526 bps
CRE / Total Capitaln/an/an/an/an/an/an/a