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Enloe State Bank in Enloe, The

Enloe, TX · Cert 10716

FDIC · 1 branch

Q1 2019

$36.7MAssets
$30.9MLoans
$31.3MDeposits
$3.4MEquity
Loan mix
53%RE $10.6M35%C&I $7.1M12%Consumer $2.5MQ2 2017Q1 2019
Deposit mix
82%Interest-bearing $25.5M18%Noninterest $5.7MQ2 2017Q1 2019

Executive Summary

  • Earnings: ROA of 1.58%, up 22 bps year over year; NIM at 4.31%.
  • Asset quality: problem loans at 0.00% of loans (-50 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 9.23%, up 10 bps from a year ago.
  • Funding: loans stand at 98.86% of deposits as of Q1 2019.

Return on Assets (YTD, annualized)

1.58%+22 bps YoY

Net Interest Margin (YTD, annualized)

4.31%+34 bps YoY

Efficiency Ratio (YTD, annualized)

57.04%+279 bps YoY

Tier 1 Leverage Ratio

9.23%+10 bps YoY

NIM

5.33%Q1 ’174.93%Q1 ’185.44%Q1 ’19-14%+9%

Non-interest income vs. expense

2.55%Q1 ’172.25%Q1 ’182.53%Q1 ’19-11%+16%

Year to date, annualized, through each quarter.

MetricQ2 2017Q3 2017Q4 2017Q1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets1.69%1.68%1.24%1.37%1.68%1.66%1.21%1.58%+22 bps
Return on Equity16.88%16.57%12.65%15.22%18.14%17.55%13.02%17.61%+238 bps
Net Interest Margin4.69%4.64%4.39%3.97%4.37%4.40%4.29%4.31%+34 bps
Efficiency Ratio51.86%52.34%61.82%54.25%52.23%53.73%63.49%57.04%+279 bps
Non-Interest Burden2.33%2.32%2.64%2.07%2.19%2.27%2.66%2.40%+33 bps
Growth
Asset Growth (YoY)4.27%2.48%12.02%12.20%7.26%8.16%3.79%4.60%-760 bps
Loan Growth (YoY)7.59%7.48%7.21%-8.17%8.78%6.44%9.94%28.00%+3,617 bps
Deposit Growth (YoY)-0.48%0.49%-1.10%8.61%5.61%3.75%9.61%4.94%-368 bps
Asset Quality
Nonperforming Loans / Loans0.45%0.44%0.43%0.50%0.39%0.00%0.00%0.00%-50 bps
Net Charge-Offs / Loans0.05%0.03%0.03%0.00%0.14%0.12%0.09%0.03%+3 bps
Allowance / Loans0.68%0.66%0.65%0.75%0.55%0.53%0.50%0.51%-24 bps
Allowance Coverage of NPLs1.5x1.5x1.5x1.5x1.4xn/an/an/an/a
Capital
Tier 1 Leverage Ratio10.38%10.63%8.87%9.13%9.86%10.21%9.09%9.23%+10 bps
Total Risk-Based Capital13.60%13.76%12.11%14.06%12.73%12.93%11.28%11.52%-254 bps
Equity / Assets10.29%10.52%8.80%9.15%9.88%10.03%8.83%9.16%+2 bps
Liquidity & Funding
Loans / Deposits98.16%96.57%99.29%81.04%101.11%99.08%99.59%98.86%+1,781 bps
Liquid Assets / Assets10.04%9.86%9.12%9.11%9.34%9.10%8.77%8.72%-39 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a