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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

5.11%Q2 ’104.86%Q2 ’114.68%Q2 ’12-2%+1%

Non-interest income vs. expense

3.62%Q2 ’103.29%Q2 ’114.60%Q2 ’12-17%+9%

Executive Summary

  • Earnings: ROA of 2.00%, down 7 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 87.64% of deposits as of Q2 2012.

Financial Results

Return on Assets (quarter, annualized)

2.00%-7 bps YoY

Net Interest Margin (quarter, annualized)

4.24%+5 bps YoY

Efficiency Ratio (quarter, annualized)

67.11%+887 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012YoY ΔTrend
Earnings
Return on Assets2.06%2.46%1.91%1.34%2.00%-7 bps
Return on Equity23.93%28.66%23.19%17.09%24.83%+89 bps
Net Interest Margin4.18%4.59%4.42%4.28%4.24%+5 bps
Efficiency Ratio58.23%55.05%61.44%71.00%67.11%+887 bps
Non-Interest Burden1.82%1.82%2.16%2.63%1.98%+16 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%0.08%0.05%0.03%0.14%+13 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