PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Stephenville Bank and Trust Co.

Stephenville, TX · Cert 11573

FDIC

Q3 2004

$150.6MAssets
$82.0MLoans
$134.2MDeposits
$13.4MEquity
Loan mix
49%RE $21.9M49%C&I $21.7M2%Consumer $0.9MQ3 2003Q3 2004
Deposit mix
74%Interest-bearing $100.0M26%Noninterest $34.2MQ3 2003Q3 2004

NIM

5.90%Q3 ’025.04%Q3 ’034.83%Q3 ’04-8%+0%

Non-interest income vs. expense

2.75%Q3 ’022.76%Q3 ’032.67%Q3 ’04-8%-25%

Executive Summary

  • Earnings: ROA of 2.00%, up 66 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 61.07% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

2.00%+66 bps YoY

Net Interest Margin (YTD, annualized)

4.07%+1 bps YoY

Efficiency Ratio (YTD, annualized)

47.69%-437 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.33%1.41%2.12%2.11%2.00%+66 bps
Return on Equity14.51%15.39%23.45%23.57%22.31%+780 bps
Net Interest Margin4.07%3.90%4.03%4.05%4.07%+1 bps
Efficiency Ratio52.06%52.61%44.77%46.22%47.69%-437 bps
Non-Interest Burden1.53%1.51%0.92%0.96%1.14%-38 bps
Growth
Asset Growth (YoY)7.00%7.01%6.63%4.40%4.22%-278 bps
Loan Growth (YoY)-3.11%1.80%6.00%1.11%6.35%+946 bps
Deposit Growth (YoY)5.46%7.26%6.23%7.46%4.58%-88 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.09%0.73%0.00%-0.01%0.02%-107 bps
Allowance / Loans1.06%1.16%1.13%1.21%1.12%+6 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 Capital16.67%16.75%16.57%16.42%15.54%-112 bps
Equity / Assets9.16%8.99%9.12%8.76%8.90%-25 bps
Liquidity & Funding
Loans / Deposits60.05%57.19%60.16%57.20%61.07%+102 bps
Liquid Assets / Assets12.62%10.46%10.10%7.90%6.78%-584 bps
CRE / Total Capitaln/an/an/an/an/an/an/a