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First National Bank of Wellston, The

Wellston, OH · Cert 6727

FDIC

Q1 2014

$90.4MAssets
$60.8MLoans
$78.4MDeposits
$11.7MEquity
Loan mix
86%RE $50.3M2%C&I $1.1M13%Consumer $7.4MQ2 2012Q1 2014
Deposit mix
89%Interest-bearing $69.6M11%Noninterest $8.8MQ2 2012Q1 2014

Executive Summary

  • Earnings: ROA of 0.51%, up 20 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.34%.
  • Funding: loans stand at 77.58% of deposits as of Q1 2014.

Return on Assets (quarter, annualized)

0.51%+20 bps YoY

Net Interest Margin (quarter, annualized)

3.94%+22 bps YoY

Efficiency Ratio (quarter, annualized)

78.48%-442 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.97%Q1 ’124.32%Q1 ’134.37%Q1 ’14-10%+6%

Non-interest income vs. expense

3.63%Q1 ’123.51%Q1 ’133.47%Q1 ’14-15%0%

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.48%0.38%0.48%0.31%0.35%0.52%0.43%0.51%+20 bps
Return on Equity3.82%2.95%3.79%2.46%2.82%4.10%3.37%3.96%+151 bps
Net Interest Margin3.78%4.02%3.86%3.72%3.82%4.00%4.05%3.94%+22 bps
Efficiency Ratio80.72%81.24%80.70%82.90%83.66%78.19%84.90%78.48%-442 bps
Non-Interest Burden2.99%3.18%3.02%3.00%3.10%3.00%3.36%2.98%-1 bps
Growth
Asset Growth (YoY)-0.92%-1.26%0.96%0.00%-0.87%-2.50%-5.44%-4.68%-468 bps
Loan Growth (YoY)-7.70%-7.49%-5.06%-3.93%-2.51%2.97%4.95%6.38%+1,032 bps
Deposit Growth (YoY)-1.03%-1.21%1.12%-0.17%-0.38%-2.56%-5.55%-4.87%-470 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%0.47%0.38%0.78%0.22%0.26%-0.05%0.34%-43 bps
Allowance / Loans0.97%1.07%1.07%1.03%1.10%1.13%1.20%1.22%+19 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital25.00%25.72%25.26%23.68%24.25%26.46%24.45%26.15%+247 bps
Equity / Assets12.70%12.78%12.36%12.57%12.56%12.84%12.69%12.94%+37 bps
Liquidity & Funding
Loans / Deposits72.11%70.94%69.25%69.37%70.57%74.96%76.95%77.58%+821 bps
Liquid Assets / Assets0.12%0.13%0.13%0.14%0.15%0.16%2.35%2.09%+196 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a