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Friona State Bank

Friona, TX · Cert 11908

FDIC

Q3 2010

$89.2MAssets
$79.7MLoans
$79.0MDeposits
$10.0MEquity
Loan mix
71%RE $23.5M28%C&I $9.4M1%Consumer $0.3MQ3 2009Q3 2010
Deposit mix
74%Interest-bearing $58.5M26%Noninterest $20.5MQ3 2009Q3 2010

NIM

5.66%Q3 ’084.80%Q3 ’094.68%Q3 ’10+3%+1%

Non-interest income vs. expense

2.10%Q3 ’082.11%Q3 ’092.15%Q3 ’10+4%+4%

Executive Summary

  • Earnings: ROA of 2.46%, up 6 bps year over year; NIM at 4.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 100.92% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

2.46%+6 bps YoY

Net Interest Margin (YTD, annualized)

4.00%+5 bps YoY

Efficiency Ratio (YTD, annualized)

47.63%+63 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets2.40%2.14%2.31%2.28%2.46%+6 bps
Return on Equity20.74%18.58%20.62%20.09%21.73%+99 bps
Net Interest Margin3.96%3.80%3.96%3.87%4.00%+5 bps
Efficiency Ratio47.00%45.67%47.74%48.48%47.63%+63 bps
Non-Interest Burden1.58%1.46%1.62%1.62%1.63%+6 bps
Growth
Asset Growth (YoY)3.33%3.84%5.82%6.27%6.34%+301 bps
Loan Growth (YoY)3.24%1.04%4.36%0.01%4.51%+127 bps
Deposit Growth (YoY)-0.88%4.17%6.00%6.45%11.32%+1,220 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%0.33%0.00%0.00%-0.08%0 bps
Allowance / Loans1.09%1.07%1.04%1.12%1.03%-5 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 Capital12.97%12.77%12.47%13.47%12.41%-56 bps
Equity / Assets11.93%11.31%11.13%11.70%11.16%-78 bps
Liquidity & Funding
Loans / Deposits107.50%100.03%100.16%97.07%100.92%-658 bps
Liquid Assets / Assets1.33%3.72%4.21%7.40%3.33%+200 bps
CRE / Total Capitaln/an/an/an/an/an/an/a