PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

5.24%Q2 ’034.64%Q2 ’045.04%Q2 ’05-3%+4%

Non-interest income vs. expense

2.80%Q2 ’032.72%Q2 ’042.66%Q2 ’05-7%-3%

Executive Summary

  • Earnings: ROA of 1.78%, up 51 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.50%.
  • Funding: loans stand at 63.26% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

1.78%+51 bps YoY

Net Interest Margin (quarter, annualized)

3.75%+15 bps YoY

Efficiency Ratio (quarter, annualized)

59.90%-361 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.27%1.17%0.75%1.59%1.78%+51 bps
Return on Equity10.50%10.11%6.70%14.09%15.38%+488 bps
Net Interest Margin3.60%3.67%3.66%3.61%3.75%+15 bps
Efficiency Ratio63.51%61.62%58.13%59.50%59.90%-361 bps
Non-Interest Burden2.04%1.95%1.79%1.82%1.97%-7 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 / Loans0.52%0.91%1.64%-0.19%0.50%-1 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