PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First State Bank

Grapeland, TX · Cert 11910

FDIC

Q3 2005

$72.3MAssets
$44.2MLoans
$46.6MDeposits
$5.2MEquity
Loan mix
78%RE $19.0M22%C&I $5.3M0%Consumer $0.0MQ4 2003Q3 2005
Deposit mix
85%Interest-bearing $39.6M15%Noninterest $7.1MQ4 2003Q3 2005

Executive Summary

  • Earnings: ROA of -0.20%, down 55 bps year over year; NIM at 2.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 94.90% of deposits as of Q3 2005.

Return on Assets (quarter, annualized)

-0.20%-55 bps YoY

Net Interest Margin (quarter, annualized)

2.35%-12 bps YoY

Efficiency Ratio (quarter, annualized)

81.99%+397 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.60%Q3 ’034.55%Q3 ’045.05%Q3 ’05+3%-5%

Non-interest income vs. expense

2.46%Q3 ’032.41%Q3 ’042.42%Q3 ’05-10%+1%

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.36%0.75%0.16%0.35%0.60%0.69%0.49%-0.20%-55 bps
Return on Equity17.82%9.81%2.05%4.57%7.69%9.06%6.71%-2.76%-733 bps
Net Interest Margin2.78%2.61%2.15%2.47%2.47%2.78%2.43%2.35%-12 bps
Efficiency Ratio65.65%75.35%94.05%78.02%75.00%73.81%77.74%81.99%+397 bps
Non-Interest Burden1.67%1.85%1.99%1.79%1.72%1.91%1.77%1.81%+2 bps
Growth
Asset Growth (YoY)5.02%14.04%16.87%4.98%3.69%7.02%11.14%10.43%+544 bps
Loan Growth (YoY)21.56%26.68%39.13%34.47%33.36%36.17%26.77%19.69%-1,478 bps
Deposit Growth (YoY)9.90%10.30%15.57%2.29%4.47%6.26%2.48%5.32%+303 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%-0.04%0.06%0.03%0.00%0.06%0.21%0.23%+19 bps
Allowance / Loans0.47%0.46%0.40%0.50%0.55%0.57%0.56%0.79%+29 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital24.21%23.59%21.01%19.34%19.08%17.25%16.46%15.78%-356 bps
Equity / Assets7.43%7.77%7.71%7.77%7.78%7.46%7.24%7.15%-62 bps
Liquidity & Funding
Loans / Deposits64.62%67.96%74.29%83.51%82.49%87.08%91.90%94.90%+1,139 bps
Liquid Assets / Assets28.66%46.86%40.96%35.60%35.48%29.40%27.44%24.57%-1,103 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a