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First National Bank of St Marys, The

Saint Marys, WV · Cert 6798

FDIC

Q2 2007

$36.0MAssets
$27.1MLoans
$32.1MDeposits
$3.8MEquity
Deposit mix
79%Interest-bearing $25.4M21%Noninterest $6.7MQ2 2006Q2 2007

NIM

5.87%Q2 ’056.86%Q2 ’067.31%Q2 ’07+9%-4%

Non-interest income vs. expense

4.48%Q2 ’054.68%Q2 ’064.50%Q2 ’07-6%-4%

Executive Summary

  • Earnings: ROA of 0.94%, up 2 bps year over year; NIM at 5.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 84.49% of deposits as of Q2 2007.

Financial Results

Return on Assets (quarter, annualized)

0.94%+2 bps YoY

Net Interest Margin (quarter, annualized)

5.12%-20 bps YoY

Efficiency Ratio (quarter, annualized)

74.10%-17 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007YoY ΔTrend
Earnings
Return on Assets0.92%0.40%1.49%0.33%0.94%+2 bps
Return on Equity9.14%3.78%13.90%3.09%8.99%-14 bps
Net Interest Margin5.31%5.43%5.04%5.10%5.12%-20 bps
Efficiency Ratio74.27%88.45%76.23%90.32%74.10%-17 bps
Non-Interest Burden3.69%4.73%3.49%4.54%3.54%-15 bps
Growth
Asset Growth (YoY)-2.37%-0.70%3.41%0.29%5.98%+836 bps
Loan Growth (YoY)-3.79%0.99%6.53%8.71%10.27%+1,406 bps
Deposit Growth (YoY)-2.56%-1.13%3.48%-0.38%6.08%+864 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%-0.03%0.53%-0.16%-0.01%-1 bps
Allowance / Loans1.59%1.53%1.40%1.44%1.36%-23 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 Capital18.11%17.70%18.26%18.01%15.81%-229 bps
Equity / Assets10.50%10.57%10.82%10.26%10.54%+4 bps
Liquidity & Funding
Loans / Deposits81.28%84.27%83.51%78.17%84.49%+321 bps
Liquid Assets / Assets0.57%0.96%0.56%8.90%1.61%+104 bps
CRE / Total Capitaln/an/an/an/an/an/an/a