The document provides an overview of First Financial Bankshares Inc. for the second quarter of 2012. It notes that the numbers are unaudited and contains forward-looking statements. It then provides details on the company's financial performance, expansion efforts, target markets in Texas, and recent growth through de novo branch openings. The company operates as a $4.3 billion financial holding company with 11 separately chartered banks and over 50 locations across Texas.
First Financial Bankshares, Inc. (NASDAQ: FFIN) second quarter 2011 investor relations presentation. See www.ffin.com for more information about Texas-based First Financial Bankshares.
First Financial Bankshares, Inc. (NASDAQ: FFIN) second quarter 2011 investor relations presentation. See www.ffin.com for more information about Texas-based First Financial Bankshares.
Supply chain horror stories are becoming common, with high-impact events taking their toll on global lines of supply. But there is a much wider spectrum of potential disasters that would send investors running for
safety, says Achilles' Dan Quinn.
Dr. Thomas Yankeelov: Integrating Advanced Imaging and Biophysical Models to...Dawn Yankeelov
This is a talk from the Technology Association of Louisville Kentucky. Dawn Yankeelov is co-chair of TALK, and Dr. Thomas Yankeelov is the director for the Institute of Imaging Science at Vanderbilt University. He presented his latest research in June 2013, "Integrating Advanced Imaging and Biophysical Models to Predict Tumor Growth."
"Can You Hear Me Now?" Public Speaking and the Power of Words
Learning objective: Increase presentation skills and personal development
The confident speaker, despite title or position, will have a competitive edge over just about everyone. Cultivating the ability to communicate, choose your words carefully, and engage people is the best investment you could ever make. The Science of presenting is the ability to organize, choose, and convey important information in a meaningful way. The Art of presenting is using your personal talent, personality, and resources so your audience will listen and stay engaged. Both are critical, even when presenting highly technical information. Learn how to take the lead and motivate the masses by conveying your message with passion and inspiration.
At the end of this seminar, participants will be able to:
a. Examine specific tools for organizing material
b. Practice ways to present technical information
c. Deliver and design a short presentation
d. Explore mental coaching techniques to address fear
e. Identify best practices of visual aids (i.e., PowerPoint)
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
2. Forward Looking Statement
The numbers, as of and for six months ended June 30, 2012, contained within this presentation are
unaudited. Certain statements contained herein may be considered “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon the
belief of the Company’s management, as well as assumptions made beyond information currently
available to the Company’s management and, may be, but not necessarily are identified by such words
as “expect”, “plan”, “anticipate”, “target”, “forecast” and “goal”. Because such “forward-looking
statements” are subject to risks and uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements. Factors that could cause actual results to
differ materially from the Company’s expectations include competition from other financial institutions
and financial holding companies; the effects of and changes in trade, monetary and fiscal policies and
laws, including interest rate policies of the Federal Reserve Board; changes in the demand for loans;
fluctuations in value of collateral and loan reserves; inflation, interest rate, market and monetary
fluctuations; changes in consumer spending, borrowing and savings habits; and acquisitions and
integration of acquired businesses, and similar variables. Other key risks are described in the
Company’s reports filed with the Securities and Exchange Commission, which may be obtained under
“Investor Relations-Documents/Filings” on the Company’s web site or by writing or calling the Company
at 325.627.7155. The Company does not undertake any obligation to update publicly or revise any
forward-looking statements herein because of new information, future events or otherwise.
3. Who We Are
$4.3 billion financial holding company
headquartered in Abilene, Texas
Group of 11 separately chartered banks
122-year history
Growth markets include 50 mile radius of
the larger cities of Texas
2
5. Recognitions
KBW Honor Roll – One of Forty banks named – March 2012
SNL Financial #4 Best Performing Community Bank ($500M -
$5B) – March 2012
Nifty 50: Bank Director Magazine - #2 – Based on Return on
Equity / Average Tangible Equity – January 2012
Bank Intelligence Proven Performers - #4 in the Nation in
$1 - $10 billion category – June 2011
4
6. What Makes Us Different
One Bank, Eleven Charters Concept
One Bank
Consolidation of backroom operations (lower efficiency ratio)
Agency agreements (customers may use any of our 53 locations)
Eleven Community Bank Charters
Bank Presidents run their banks
Local Boards – Movers and Shakers of the Community
Keep our banks locally focused
Make sure we meet the needs of the community
Help us make better loan decisions
Help us market the bank
Up to $2.75 million of FDIC insurance available
5
7. Huntsville Acquisition
Acquired November 2010
Huntsville, Texas
37,000 Residents
Sam Houston State University – 17,000 Students
Fastest Growing University in Texas
Headquarters of the Texas Department of Criminal Justice – 5,000 employees
Strategically located on Interstate 45 – 70 miles north of Houston
$177 million in Assets*
$148 million in deposits
$94 million in loans
Approximately 1.63x book; 10.8x last twelve months earnings (tax effected)
Huntsville acquisition is very similar to our model around Dallas/Fort Worth
and provides diversification
#2 Market Share in Walker County – 21%
*As of June 30, 2012
6
8. FFIN’s Unique Positioning in Texas
Bank Key Markets
BBVA Compass Rio Grande, Gulf Coast, Houston, Dallas, El Paso, Lubbock
Comerica, Inc. DFW, Austin, Houston, California, Michigan, Florida, Mexico
Frost San Antonio, Austin, Corpus Christi, DFW, Rio Grande
International Bancshares Corp. Rio Grande, Houston, San Antonio, Oklahoma
Prosperity Houston, DFW, Austin
Southside East Texas
Texas Capital DFW, Austin, San Antonio and Houston
ViewPoint Financial Dallas
Zion DFW and Houston
7
10. Texas: Large and Growing
Five most populous states:* Growth
(2000 – 2010)
California 37.3 million 10.0%
Texas 25.2 million 20.6%
New York 19.4 million 2.1%
Florida 18.8 million 17.6%
Illinois 12.8 million 3.3%
* U.S. Census Bureau
9
11. Target Markets – Population Growth
Population growth (2000-2010) in FFIN expansion markets:*
Texas 20.6%
Bridgeport & Wise County 21.2%
Fort Worth / Tarrant County 25.1%
Cleburne, Midlothian & Johnson County 19.0%
Weatherford, Willow Park, Aledo 32.1%
Granbury & Hood County 24.5%
Stephenville & Erath County 14.8%
* U.S. Census Bureau
10
12. Texas Benefits
CEO Magazine ranks Texas best state for
business – for seventh consecutive year
Texas created more jobs (230,800) in 2010 more
than any other state
Texas created more private sector jobs than any
other state during the past decade
11
14. Core Markets: West Central Texas
Markets served benefiting from well-established,
long- time customers
ASSET DEPOSIT MARKET
BANK LOCATIONS
SIZE* MARKET SHARE** SHARE RANK**
First Financial Bank $1,508 M 14 41% 1
(Abilene, Clyde, Moran, Albany, Odessa)
First Financial Bank $165 M 1 42% 1
(Hereford)
First Financial Bank $198M 4 55% 1
(Eastland, Ranger, Rising Star, Cisco)
First Financial Bank $192 M 4 37% 1
(Sweetwater, Roby, Trent, Merkel)
First Financial Bank $442M 2 20% 2
(San Angelo)
TOTALS $2,505M 25 * Data as of 06-30-12
** Data as of 06-30-11
13
15. Expansion Markets
DEPOSIT MARKET MARKET SHARE
BANK ASSET SIZE* LOCATIONS
SHARE** RANK**
First Financial Bank $324 M 6 21% 1
(Cleburne, Burleson, Alvarado, Midlothian, Crowley)
First Financial Bank $334 M 4 8% 5
(Southlake, Trophy Club, Keller, Grapevine
3 16% 3
Bridgeport, Decatur, Boyd)
First Financial Bank $381 M 6 21% 2
(Stephenville, Granbury, Glen Rose, Acton)
First Financial Bank $399 M 7 24% 1
(Weatherford, Aledo, Willow Park, Brock, Ft. Worth)
First Financial Bank $214 M 1 35% 1
(Mineral Wells)
First Financial Bank $177 M 1 21% 2
(Huntsville)
* Data as of 06-30-12
TOTALS $1,829M 28 ** Data as of 06-30-11
14
16. Recent De Novo Growth
San Angelo: HEB Branch – Expected to Open 4th Qtr. 2012
Abilene: Antilley Road Branch – Expected to Open 4th Qtr. 2012
Grapevine: Branch of Southlake – March 2012
Cisco: Branch of Eastland – September 2011
Lamesa: Office of Trust Company – April 2011
Crowley: Branch of Cleburne – October 2010
Odessa: Branch of Abilene – February 2010
Fort Worth: Branch of Weatherford – February 2010
Odessa: Office of Trust Company – April 2009
Merkel: Branch of Sweetwater – July 2008
Brock: Branch of Weatherford – March 2008
Acton: Branch of Stephenville – March 2008
Albany: Branch of Abilene – May 2007
Fort Worth: Office of Trust Company – April 2007
15
17. Senior Management at First Financial
Years with Company Years in Industry
Scott Dueser
Chairman of the Board, President & 36 41
Chief Executive Officer
J. Bruce Hildebrand, CPA
Executive Vice President 10 34
Chief Financial Officer
Gary L. Webb
Executive Vice President 9 24
Operations
Gary S. Gragg
Executive Vice President 22 34
Credit Administration
Marna Yerigan
Executive Vice President 1 28
Credit Administration
Michele Stevens
Senior Vice President 15 31
Advertising and Marketing
Courtney Jordan
Senior Vice President 3 18
Training & Education
Kirk Thaxton, CTFA
President, First Financial Trust & Asset 26 29
Management
16
18. Experienced Bank CEOs & Presidents
Years with Company Years in Industry
Ron Butler, FFB Abilene 19 31
Mike Mauldin, FFB Hereford 10 34
Kirby Andrews, FFB Sweetwater 22 25
Trent Swearengin, FFB Eastland 13 15
Mike Boyd, FFB San Angelo 37 40
Tom O’Neil, FFB Cleburne 14 32
Matt Reynolds, FFB Cleburne 7 30
Ron Mullins, FFB Stephenville 6 34
Jay Gibbs, FFB Weatherford 10 38
Mark Jones, FFB Southlake 12 35
Ken Williamson, FFB Mineral Wells 11 41
Robert Pate, FFB Huntsville 15 31
Gary Tucker, First Technology Services 21 37
17
19. Asset Performance
Growth in Total Assets (in millions)
$4,292*
$4,121
$3,776
$3,212 $3,279
$3,070
2007 2008 2009 2010 2011 2012
*As of June 30, 2012
18
20. Deposit Growth
Growth in FFIN Total Deposits (in millions)
$3,335 $3,392*
$3,113
$2,546 $2,583 $2,685
$2,233 $2,236
$2,154
$1,786 $1,849
$1,807
$1,102 $1,156
$739 $797 $836 $959
2007 2008 2009 2010 2011 2012
Non Interest Bearing Interest Bearing
*As of June 30, 2012
19
21. Deposit Products
Time
Savings 20.9%
8.1%
Demand
34.1%
Money
Market
36.9%
*As of June 30, 2012
20
22. Account Growth
December 31, 2010 December 31, 2011 June 30, 2012
Total Number of Accounts 200,027 204,063 207,718
Net Growth in 2011 – 4,036 Accounts
New Growth in 2012 – 3,655 Accounts
21
23. Loan Performance
Growth in FFIN Total Loans (in millions)
$1,918*
Real Estate $1,787
$1,690
$1,528 $1,566 $1,514
Commercial $1,373
$1,159
$1,076
$990
Student $836 $855
$860
$760
Consumer
$394 $391 $429 $427 $473
Agricultural $344 $406
$31 $32 $52
$165 $182 $191 $175 $191 $218 $234
$73 $84 $77 $73 $81 $66 $52
2006 2007 2008 2009 2010 2011 2012
*As of June 30, 2012
22
24. Overview of Loan Portfolio
Commercial
24.7%
Agriculture
2.7%
Consumer
12.2%
Real Estate
60.4%
*As of June 30, 2012
23
25. Breakdown of R/E Loan Portfolio
Residential
Development &
Construction
5.5%
Other R/E 1-4 Family
19.1% 40.9%
Commercial R/E
30.3% Commercial
Development and
Construction
4.2%
*As of June 30, 2012
24
26. Loan to Deposit Ratio
2006 2007 2008 2009 2010 2011 2012*
End of
Period 57.6 60.0 60.6 56.4 54.3 53.6 56.6
Average
56.6 59.8 61.1 59.5 56.0 54.6 54.3
Balances
*As of June 30, 2012
25
27. Variable and Fixed Rate Loans
Loan Portfolio Interest Rate Risk Analysis
Variable
Fixed Rate
Rate
Less than 1 to 3 3 to 5 5 to 10 10 to 15 Over 15
1 year years years years years years
36.3% 10.1% 13.4% 18.6% 9.0% 8.8% 3.8%
*As of June 30, 2012
26
28. Sound Lending Practices
Nonperforming assets as a percentage of loans + foreclosed assets (FFIN vs. Peers)
2007 2008 2009 2010 2011 2012*
First
Financial 0.31% 0.80% 1.46% 1.53% 1.64% 1.76%
Peer Group 0.98% 2.63% 5.41% 5.37% 4.63% 4.39%**
*As of June 30, 2012
**As of March 31, 2012
27
29. Allowance for Loan Losses and Provision for Loan Losses
(in thousands)
$34,315 $34,747*
$31,106
$27,612
$21,529
$17,462
$16,201
$11,419
$7,957 $8,962
$6,626
$2,061 $2,331 $2,055*
2006 2007 2008 2009 2010 2011 2012
ALLL Provision
*As of June 30, 2012
28
30. Summary of Bond Portfolio
Treasuries Corporates
0.63% Agencies 6.47%
14.07%
CMOs
22.65%
Muni
42.41%
MBSs
13.77%
29
31. Municipal Allocation by State
State Percentage
Texas 62.02%
Michigan 4.30%
Wisconsin 3.54%
Illinois 2.51%
Massachusetts 1.96%
Washington 1.91%
Florida 1.84%
New Jersey 1.75%
Utah 1.57%
California 1.53%
Kentucky 1.42%
Louisiana 1.41%
Other 38 states 14.24%
30
32. Growth in Trust Assets
Total Trust Assets – Book Value (in millions)
$2,082*
$1,912
$1,784
$1,664
$1,631
$1,428
2007 2008 2009 2010 2011 2012
*As of June 30, 2012
31
33. Total Trust Fees
Growth in FFTAM Fees (Full year and 1st 6 months) (in thousands)
$12,617
$10,808
thru
$9,441 $9,083 June 30th
$8,746
$7,124
$6,254
$5,198
$4,372 $4,728
$4,242
2007 2008 2009 2010 2011 2012
32
34. 25th Consecutive Year of Increased Earnings
FFIN Earnings (Full year and 1st 6 months) (in millions)
$68.4
$59.7
$1.3
$53.1 $53.8
$49.5 thru
June 30th
$36.1
$32.8
$26.8 $27.3 $27.9
$24.7
2007 2008 2009 2010 2011 2012
33
35. Strong Shareholder Earnings
Basic Earnings Per Share (Full year and 1st 6 months)
$2.17
$1.91
$0.04
$1.71 $1.72 thru
$1.59 June 30th
$1.15
$1.04
$0.86 $0.87 $0.89
$0.79
2007 2008 2009 2010 2011 2012
34
36. FFIN Outperforms Peers
Percentage Return on Average Assets
1.74% 1.72% 1.75% 1.78% 1.74%
1.68% 1.72%
1.10%
0.93%*
0.87% 0.80%
First Financial
Peer Group
-0.03% -0.18% 0.25%
2006 2007 2008 2009 2010 2011 2012
*(thru March 31st)
35
37. Strong Return on Capital
Percentage Return on Average Equity
16.20%
15.87%
15.27%
14.44% 13.90%
13.63% 13.74%
12.61%
9.45%
8.54%*
7.30%
First Financial
Peer Group
0.88%
-1.83% -2.57%
2006 2007 2008 2009 2010 2011 2012
*(thru March 31st)
36
38. Capital & Capital Ratios
(dollars in thousands)
2008 2009 2010 2011 2012
Shareholders’
Equity 368,782 415,702 441,688 508,537 534,263
As a Percent of Total
11.48 12.68 11.70 12.34 12.45
Assets
Tangible
304,779 352,550 369,164 436,415 462,223
Capital
Tier 1
9.68 10.69 10.28 10.33 10.36
Leverage Ratio
Tier 1 Risk
15.89 17.73 17.01 17.49 17.23
Based Capital Ratio
Risk Based
17.04 19.10 18.26 18.74 18.48
Capital Ratio
37
40. Working Harder and Smarter
Efficiency Ratio (FFIN vs. Peers)
2006 2007 2008 2009 2010 2011 2012
First
Financial 53.57% 52.83% 50.76% 50.11% 49.49% 48.37% 48.05%*
Peer Group 61.29% 63.12% 68.12% 69.53% 67.33% 65.75% 65.06%**
*As of June 30, 2012
**As of March 31, 2012
39
41. Total Return on Investment
Assume you owned 1,000 shares of FFIN stock on January 1, 2011…
Stock cost in January 2011 $34,170
Dividend received ($0.95 x 1,000 shares) $ 950
Decrease in stock price during 2011 ($740)
$2210,720
($34.17 to $33.43 X 1,000 shares)
2011 return on investment 0.61%
2010 return on investment -2.99%
2009 return on investment 0.69%
2008 return on investment 50.20%
2007 return on investment -7.05%
5 year compound average return 6.32%
40