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State Bank & Trust Company

Beeville, TX · Cert 10701

FDIC

Q4 2006

$75.3MAssets
$21.7MLoans
$68.5MDeposits
$6.4MEquity
Loan mix
60%RE $4.7M39%C&I $3.0M1%Consumer $0.0MQ4 2005Q4 2006
Deposit mix
78%Interest-bearing $53.5M22%Noninterest $15.1MQ4 2005Q4 2006

NIM

4.09%Q4 ’044.50%Q4 ’055.54%Q4 ’06-9%+8%

Non-interest income vs. expense

3.60%Q4 ’042.98%Q4 ’052.62%Q4 ’06-54%+64%

Executive Summary

  • Earnings: ROA of 1.74%, down 37 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 31.71% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

1.74%-37 bps YoY

Net Interest Margin (quarter, annualized)

3.15%+24 bps YoY

Efficiency Ratio (quarter, annualized)

61.19%+135 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets2.10%1.51%1.76%1.73%1.74%-37 bps
Return on Equity29.05%21.05%23.04%21.25%20.53%-852 bps
Net Interest Margin2.90%2.73%3.01%3.10%3.15%+24 bps
Efficiency Ratio59.83%62.20%58.06%59.75%61.19%+135 bps
Non-Interest Burden0.90%1.27%1.24%1.34%1.48%+58 bps
Growth
Asset Growth (YoY)18.71%17.50%15.12%5.68%-0.49%-1,920 bps
Loan Growth (YoY)-17.43%-19.83%-14.99%-2.53%11.04%+2,847 bps
Deposit Growth (YoY)19.82%19.01%16.01%4.60%-2.25%-2,207 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%-0.14%0.04%0.04%-0.02%-4 bps
Allowance / Loans2.46%2.46%2.34%2.38%2.23%-23 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 Capital20.58%21.63%21.52%23.11%23.10%+252 bps
Equity / Assets6.98%7.36%7.90%8.38%8.52%+154 bps
Liquidity & Funding
Loans / Deposits27.92%28.01%31.02%30.82%31.71%+380 bps
Liquid Assets / Assets37.64%40.28%44.81%44.77%42.55%+491 bps
CRE / Total Capitaln/an/an/an/an/an/an/a