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Union State Bank

Florence, TX · Cert 11886

FDIC · 8 branches

Q3 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2018, the quarter ended September 30, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Union State Bank

Florence, TX · Cert 11886

FDIC · 8 branches

Q3 2018

$467.3MAssets
$247.9MLoans
$407.5MDeposits
$47.5MEquity
Loan mix
86%RE $161.2M12%C&I $22.4M2%Consumer $3.2MQ3 2017Q3 2018
Deposit mix
71%Interest-bearing $288.6M29%Noninterest $118.9MQ3 2017Q3 2018

NIM

3.03%Q3 ’163.34%Q3 ’173.47%Q3 ’18+10%+6%

Non-interest income vs. expense

2.57%Q3 ’162.67%Q3 ’172.60%Q3 ’18+3%+2%

Market Position · Austin-Round Rock, TX · 2018 SOD (annual) · 0.6% share · #22 of 67 inst. · $0.3B of $42.3B

3.4% Williamson
4.2% Bell

Executive Summary

  • Earnings: ROA of 0.55%, down 18 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 2.43% of loans (+183 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 8.21%, down 191 bps from a year ago.
  • Funding: loans stand at 60.84% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

0.55%-18 bps YoY

Net Interest Margin (YTD, annualized)

3.09%+19 bps YoY

Efficiency Ratio (YTD, annualized)

72.58%-465 bps YoY

Tier 1 Leverage Ratio

8.21%-191 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.73%0.78%0.44%0.55%0.55%-18 bps
Return on Equity8.14%8.50%4.00%4.90%5.01%-313 bps
Net Interest Margin2.91%3.01%2.82%2.98%3.09%+19 bps
Efficiency Ratio77.23%76.62%77.57%72.66%72.58%-465 bps
Non-Interest Burden2.12%2.17%2.03%2.07%2.17%+5 bps
Growth
Asset Growth (YoY)-1.17%-0.92%6.37%4.80%-0.32%+85 bps
Loan Growth (YoY)22.31%14.84%5.25%2.23%-4.05%-2,636 bps
Deposit Growth (YoY)-0.80%-2.40%2.24%1.03%-0.85%-4 bps
Asset Quality
Nonperforming Loans / Loans0.60%0.11%0.10%0.25%2.43%+183 bps
Net Charge-Offs / Loans0.08%0.07%0.04%0.04%0.03%-5 bps
Allowance / Loans1.27%1.34%0.00%0.07%0.16%-111 bps
Allowance Coverage of NPLs2.1x11.9x0.0x0.3x0.1x-2.1x
Capital
Tier 1 Leverage Ratio10.12%10.27%10.36%10.47%8.21%-191 bps
Total Risk-Based Capital17.50%17.95%17.80%17.84%13.79%-371 bps
Equity / Assets9.56%9.66%12.02%12.18%10.17%+61 bps
Liquidity & Funding
Loans / Deposits62.87%62.65%58.19%60.29%60.84%-203 bps
Liquid Assets / Assets4.71%4.16%12.82%12.17%9.35%+464 bps
CRE / Total Capitaln/an/an/an/an/an/an/a