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First Bartlesville Bank

Bartlesville, OK · Cert 57616

FDIC

Q3 2006

$45.3MAssets
$33.0MLoans
$39.6MDeposits
$5.5MEquity
Deposit mix
88%Interest-bearing $35.0M12%Noninterest $4.6MQ3 2005Q3 2006

NIM

3.48%Q3 ’045.77%Q3 ’05-8.75%Q3 ’06+66%-246%

Non-interest income vs. expense

4.33%Q3 ’042.69%Q3 ’05-3.02%Q3 ’06-40%-250%

Executive Summary

  • Earnings: ROA of -3.55%, down 356 bps year over year; NIM at -4.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.58%.
  • Funding: loans stand at 83.31% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

-3.55%-356 bps YoY

Net Interest Margin (quarter, annualized)

-4.39%-740 bps YoY

Efficiency Ratio (quarter, annualized)

45.80%-3,899 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.01%0.19%0.61%1.30%-3.55%-356 bps
Return on Equity0.11%2.21%7.24%15.38%-34.04%-3,415 bps
Net Interest Margin3.01%3.19%3.36%3.63%-4.39%-740 bps
Efficiency Ratio84.79%88.57%70.65%60.19%45.80%-3,899 bps
Non-Interest Burden2.53%2.81%2.34%2.14%-3.79%-633 bps
Growth
Asset Growth (YoY)74.59%63.52%39.80%17.86%8.14%-6,645 bps
Loan Growth (YoY)225%126.96%77.28%38.13%11.39%-21,401 bps
Deposit Growth (YoY)91.09%84.40%46.02%18.74%3.83%-8,726 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%0.00%1.58%+158 bps
Allowance / Loans1.01%1.00%1.01%1.12%2.36%+136 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 Capital16.49%15.24%11.10%15.61%15.58%-91 bps
Equity / Assets8.65%8.48%8.31%8.62%12.18%+353 bps
Liquidity & Funding
Loans / Deposits77.65%82.13%90.00%86.89%83.31%+566 bps
Liquid Assets / Assets9.12%9.16%7.93%7.66%6.78%-234 bps
CRE / Total Capitaln/an/an/an/an/an/an/a