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Letter portraitLegal landscapeQuarterYTD

First State Bank of North Texas

Dallas, TX · Cert 10360

FDIC

Q3 2003

$100.4MAssets
$20.2MLoans
$90.4MDeposits
$8.8MEquity
Deposit mix
59%Interest-bearing $53.0M41%Noninterest $37.5MQ3 2002Q3 2003

NIM

6.71%Q3 ’015.14%Q3 ’024.03%Q3 ’03-13%-17%

Non-interest income vs. expense

3.24%Q3 ’012.99%Q3 ’023.04%Q3 ’03-6%-62%

Executive Summary

  • Earnings: ROA of 2.89%, up 8 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 22.29% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

2.89%+8 bps YoY

Net Interest Margin (YTD, annualized)

3.29%-66 bps YoY

Efficiency Ratio (YTD, annualized)

50.63%+145 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets2.81%2.73%3.00%2.94%2.89%+8 bps
Return on Equity34.41%33.24%33.38%31.11%31.13%-328 bps
Net Interest Margin3.95%3.80%3.47%3.41%3.29%-66 bps
Efficiency Ratio49.18%50.79%48.81%50.39%50.63%+145 bps
Non-Interest Burden0.86%0.86%0.44%0.39%0.33%-54 bps
Growth
Asset Growth (YoY)6.70%6.69%-21.49%2.90%6.42%-28 bps
Loan Growth (YoY)26.55%14.96%14.30%-5.98%-8.94%-3,548 bps
Deposit Growth (YoY)6.98%6.62%-24.80%1.17%6.07%-92 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.06%-0.02%0.10%0.07%+6 bps
Allowance / Loans1.30%1.39%1.45%1.58%1.52%+22 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 Capital34.96%35.32%40.72%49.91%43.98%+902 bps
Equity / Assets8.43%8.39%9.58%10.41%8.80%+37 bps
Liquidity & Funding
Loans / Deposits25.96%24.65%25.37%23.66%22.29%-367 bps
Liquid Assets / Assets37.72%26.26%24.17%24.32%34.41%-331 bps
CRE / Total Capitaln/an/an/an/an/an/an/a