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Sanderson State Bank

Sanderson, TX · Cert 11568

FDIC

Q3 2008

$38.2MAssets
$31.1MLoans
$32.0MDeposits
$4.2MEquity
Loan mix
84%RE $30.1M16%C&I $5.9M0%Consumer $0.0MQ3 2007Q3 2008
Deposit mix
88%Interest-bearing $28.1M12%Noninterest $3.9MQ3 2007Q3 2008

NIM

7.09%Q3 ’066.99%Q3 ’077.29%Q3 ’08-29%+14%

Non-interest income vs. expense

4.43%Q3 ’063.45%Q3 ’074.49%Q3 ’08-23%+51%

Executive Summary

  • Earnings: ROA of -2.30%, down 234 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.95%.
  • Funding: loans stand at 97.02% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-2.30%-234 bps YoY

Net Interest Margin (YTD, annualized)

3.81%+47 bps YoY

Efficiency Ratio (YTD, annualized)

118.29%+1,894 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.05%-0.23%-0.75%-2.68%-2.30%-234 bps
Return on Equity0.36%-1.79%-7.20%-25.96%-22.00%-2,236 bps
Net Interest Margin3.33%4.00%3.38%3.68%3.81%+47 bps
Efficiency Ratio99.35%104.43%96.78%108.06%118.29%+1,894 bps
Non-Interest Burden3.31%4.18%3.27%4.69%4.99%+168 bps
Growth
Asset Growth (YoY)15.78%19.32%24.33%-6.40%7.61%-817 bps
Loan Growth (YoY)15.98%21.43%29.46%-0.87%12.36%-362 bps
Deposit Growth (YoY)19.68%68.44%35.56%1.65%19.31%-37 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.11%0.26%1.33%0.95%+76 bps
Allowance / Loans0.17%0.24%0.38%0.82%1.09%+91 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 Capital15.01%12.23%12.02%11.42%13.80%-121 bps
Equity / Assets14.64%11.31%9.66%10.03%10.89%-376 bps
Liquidity & Funding
Loans / Deposits103.02%92.68%104.12%99.23%97.02%-600 bps
Liquid Assets / Assets0.84%0.03%0.02%0.15%0.19%-65 bps
CRE / Total Capitaln/an/an/an/an/an/an/a