PackageTrendsPeer
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First National Bank, Valparaiso

Valparaiso, IN · Cert 8057

FDIC

Q1 2008

$693.9MAssets
$242.5MLoans
$537.4MDeposits
$133.7MEquity
Loan mix
99%RE $138.3M1%C&I $0.8M0%Consumer $0.3MQ2 2006Q1 2008
Deposit mix
88%Interest-bearing $475.5M12%Noninterest $61.9MQ2 2006Q1 2008

Executive Summary

  • Earnings: ROA of 0.28%, down 93 bps year over year; NIM at 2.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 45.13% of deposits as of Q1 2008.

Return on Assets (quarter, annualized)

0.28%-93 bps YoY

Net Interest Margin (quarter, annualized)

2.08%-112 bps YoY

Efficiency Ratio (quarter, annualized)

74.45%-225 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.21%Q1 ’065.61%Q1 ’074.00%Q1 ’08+0%-35%

Non-interest income vs. expense

2.86%Q1 ’062.93%Q1 ’072.11%Q1 ’08+1%-25%

Discrete quarter, annualized.

MetricQ2 2006Q3 2006Q4 2006Q1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets0.39%-0.90%0.74%1.21%-0.94%0.09%0.19%0.28%-93 bps
Return on Equity3.95%-8.90%6.86%10.94%-6.27%0.47%0.94%1.41%-953 bps
Net Interest Margin3.12%3.17%3.12%3.20%-2.13%2.48%2.44%2.08%-112 bps
Efficiency Ratio80.49%78.35%77.75%76.70%83.68%87.71%71.75%74.45%-225 bps
Non-Interest Burden2.42%2.37%2.26%2.31%-1.46%2.40%1.88%1.74%-57 bps
Growth
Asset Growth (YoY)-5.79%-0.03%-6.19%-4.39%16.55%7.88%8.75%14.06%+1,846 bps
Loan Growth (YoY)6.30%8.26%7.69%10.17%9.11%5.54%5.59%1.98%-819 bps
Deposit Growth (YoY)-2.74%2.89%-4.65%-3.05%7.04%-2.48%-2.07%4.75%+781 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 / Loans-0.02%0.11%0.09%0.03%0.02%0.52%0.22%0.01%-2 bps
Allowance / Loans1.17%1.09%1.06%1.03%1.05%0.91%1.15%1.16%+13 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 Capital25.26%23.80%25.00%24.08%22.23%22.94%24.12%23.08%-101 bps
Equity / Assets9.71%10.60%11.00%11.12%18.32%19.81%20.17%19.27%+815 bps
Liquidity & Funding
Loans / Deposits41.93%43.81%45.52%46.35%42.74%47.41%49.08%45.13%-123 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a