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First State Bank, The

Needville, TX · Cert 11930

FDIC

Q2 2002

$16.6MAssets
$5.5MLoans
$14.2MDeposits
$2.2MEquity
Deposit mix
43%Interest-bearing $6.1M57%Noninterest $8.1MQ2 2001Q2 2002

NIM

7.05%Q1 ’016.60%Q2 ’015.25%Q2 ’02-8%-14%

Non-interest income vs. expense

5.71%Q1 ’015.08%Q2 ’014.97%Q2 ’02-11%-8%

Executive Summary

  • Earnings: ROA of 2.10%, up 127 bps year over year; NIM at 4.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 38.63% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

2.10%+127 bps YoY

Net Interest Margin (quarter, annualized)

4.49%-76 bps YoY

Efficiency Ratio (quarter, annualized)

85.66%+573 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets0.82%2.06%-1.46%-0.30%2.10%+127 bps
Return on Equity6.26%15.37%-11.31%-2.46%16.57%+1,030 bps
Net Interest Margin5.25%5.41%4.82%4.45%4.49%-76 bps
Efficiency Ratio79.92%79.56%112.74%92.34%85.66%+573 bps
Non-Interest Burden3.97%4.08%5.58%4.03%3.66%-31 bps
Growth
Asset Growth (YoY)6.27%8.97%10.40%5.00%0.73%-554 bps
Loan Growth (YoY)5.93%14.21%7.08%0.00%-3.43%-936 bps
Deposit Growth (YoY)5.09%7.89%11.48%6.67%0.40%-469 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.38%0.00%0 bps
Allowance / Loans1.55%1.63%1.76%1.68%0.97%-58 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 Capital27.91%29.06%24.99%27.41%26.81%-109 bps
Equity / Assets13.07%13.74%12.13%11.95%13.41%+34 bps
Liquidity & Funding
Loans / Deposits40.16%36.70%32.57%34.87%38.63%-153 bps
Liquid Assets / Assets7.31%6.42%3.28%3.36%3.49%-383 bps
CRE / Total Capitaln/an/an/an/an/an/an/a