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Planters & Merchants State Bank

Hearne, TX · Cert 10355

FDIC

Q2 2005

$185.4MAssets
$102.7MLoans
$162.3MDeposits
$21.6MEquity
Loan mix
81%RE $35.0M19%C&I $8.2M0%Consumer $0.2MQ2 2004Q2 2005
Deposit mix
82%Interest-bearing $132.7M18%Noninterest $29.6MQ2 2004Q2 2005

NIM

5.28%Q2 ’034.68%Q2 ’044.95%Q2 ’05-3%+2%

Non-interest income vs. expense

2.74%Q2 ’032.72%Q2 ’042.67%Q2 ’05-2%-9%

Executive Summary

  • Earnings: ROA of 1.68%, up 43 bps year over year; NIM at 3.71%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 63.26% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

1.68%+43 bps YoY

Net Interest Margin (YTD, annualized)

3.71%+8 bps YoY

Efficiency Ratio (YTD, annualized)

59.70%-415 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.25%1.22%1.10%1.59%1.68%+43 bps
Return on Equity10.36%10.25%9.39%14.09%14.77%+442 bps
Net Interest Margin3.63%3.63%3.55%3.61%3.71%+8 bps
Efficiency Ratio63.85%63.08%61.78%59.50%59.70%-415 bps
Non-Interest Burden2.09%2.04%1.93%1.82%1.91%-19 bps
Growth
Asset Growth (YoY)7.24%8.05%7.65%6.87%2.11%-513 bps
Loan Growth (YoY)5.90%5.03%2.46%3.02%-1.08%-699 bps
Deposit Growth (YoY)8.26%8.90%8.89%7.99%2.05%-621 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.55%0.83%-0.19%0.16%-22 bps
Allowance / Loans1.06%1.07%1.19%1.32%1.21%+15 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 Capital19.93%19.96%19.74%20.40%20.50%+57 bps
Equity / Assets11.68%11.46%11.06%11.51%11.65%-3 bps
Liquidity & Funding
Loans / Deposits65.27%63.04%61.14%62.92%63.26%-200 bps
Liquid Assets / Assets3.66%3.54%3.39%3.33%3.05%-61 bps
CRE / Total Capitaln/an/an/an/an/an/an/a