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Hull State Bank

Hull, TX · Cert 11141

FDIC

Q4 2013

$46.1MAssets
$15.6MLoans
$41.5MDeposits
$4.5MEquity
Loan mix
11%RE $1.0M47%C&I $4.3M42%Consumer $3.8MQ4 2012Q4 2013
Deposit mix
63%Interest-bearing $26.1M37%Noninterest $15.4MQ4 2012Q4 2013

NIM

4.09%Q4 ’114.02%Q4 ’123.67%Q4 ’13+1%-8%

Non-interest income vs. expense

4.15%Q4 ’114.13%Q4 ’124.80%Q4 ’13+2%+21%

Executive Summary

  • Earnings: ROA of -0.43%, down 37 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.45%.
  • Funding: loans stand at 37.67% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.43%-37 bps YoY

Net Interest Margin (YTD, annualized)

3.47%-30 bps YoY

Efficiency Ratio (YTD, annualized)

114.59%+2,344 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.06%-0.06%0.04%0.07%-0.43%-37 bps
Return on Equity-0.63%-0.57%0.41%0.66%-4.31%-368 bps
Net Interest Margin3.77%3.19%3.29%3.51%3.47%-30 bps
Efficiency Ratio91.14%98.57%95.45%95.23%114.59%+2,344 bps
Non-Interest Burden3.36%3.14%3.10%3.30%4.08%+72 bps
Growth
Asset Growth (YoY)-1.17%-1.97%-4.62%-3.88%-5.98%-481 bps
Loan Growth (YoY)-9.88%-10.29%-12.22%-10.30%-13.72%-384 bps
Deposit Growth (YoY)-1.33%-2.06%-4.94%-3.62%-5.44%-411 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.05%0.07%0.11%0.15%-0.45%-150 bps
Allowance / Loans0.75%0.79%0.75%0.76%1.51%+76 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 Capital15.73%20.69%20.84%21.64%23.25%+752 bps
Equity / Assets10.08%9.57%10.14%10.24%9.83%-24 bps
Liquidity & Funding
Loans / Deposits41.28%38.86%44.28%43.66%37.67%-361 bps
Liquid Assets / Assets7.58%5.97%6.63%6.68%5.16%-242 bps
CRE / Total Capitaln/an/an/an/an/an/an/a