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Letter portraitLegal landscapeQuarterYTD

First State Bank of Texas

Denton, TX · Cert 10348

FDIC

Q1 2002

$2.1BAssets
$1.2BLoans
$1.6BDeposits
$387.5MEquity
Deposit mix
89%Interest-bearing $1.5B11%Noninterest $0.2BQ1 2001Q1 2002

NIM

7.18%Q1 ’013.49%Q1 ’02-16%

Non-interest income vs. expense

4.00%Q1 ’012.44%Q1 ’02-45%

Executive Summary

  • Earnings: ROA of 1.22%, up 32 bps year over year; NIM at 3.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 72.72% of deposits as of Q1 2002.

Financial Results

Return on Assets (YTD, annualized)

1.22%+32 bps YoY

Net Interest Margin (YTD, annualized)

3.11%-59 bps YoY

Efficiency Ratio (YTD, annualized)

56.28%-1,804 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets0.90%0.97%0.95%0.93%1.22%+32 bps
Return on Equityn/an/an/an/a8.95%n/an/a
Net Interest Margin3.71%3.68%3.71%3.77%3.11%-59 bps
Efficiency Ratio74.32%72.23%71.79%74.33%56.28%-1,804 bps
Non-Interest Burden2.32%2.26%2.25%2.42%1.28%-105 bps
Growth
Asset Growth (YoY)55.03%36.86%11.05%3.52%-1.37%-5,640 bps
Loan Growth (YoY)57.48%43.36%15.19%5.66%-2.93%-6,041 bps
Deposit Growth (YoY)52.69%45.70%17.96%6.68%1.04%-5,166 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%0.14%0.15%0.16%0.02%-14 bps
Allowance / Loans1.11%1.12%1.14%1.16%3.17%+206 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 Capital12.81%13.02%12.96%13.32%12.05%-76 bps
Equity / Assets8.83%8.88%9.16%9.13%18.24%+941 bps
Liquidity & Funding
Loans / Deposits75.70%73.90%74.61%72.31%72.72%-297 bps
Liquid Assets / Assets0.07%0.05%0.01%0.01%0.01%-6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a