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First State Bank, The

Kosse, TX · Cert 1197

FDIC

Q3 2012

$182.9MAssets
$94.1MLoans
$156.1MDeposits
$25.9MEquity
Loan mix
77%RE $60.4M17%C&I $13.4M6%Consumer $4.9MQ3 2011Q3 2012
Deposit mix
82%Interest-bearing $127.5M18%Noninterest $28.6MQ3 2011Q3 2012

NIM

4.89%Q3 ’104.24%Q3 ’113.90%Q3 ’120%-6%

Non-interest income vs. expense

2.08%Q3 ’102.08%Q3 ’112.07%Q3 ’12-18%-3%

Executive Summary

  • Earnings: ROA of 1.41%, up 21 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 60.31% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

1.41%+21 bps YoY

Net Interest Margin (YTD, annualized)

3.53%-24 bps YoY

Efficiency Ratio (YTD, annualized)

48.47%+221 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.19%1.23%1.21%1.37%1.41%+21 bps
Return on Equity8.98%9.26%8.80%9.82%10.03%+104 bps
Net Interest Margin3.76%3.69%3.48%3.53%3.53%-24 bps
Efficiency Ratio46.26%45.81%52.47%48.93%48.47%+221 bps
Non-Interest Burden1.42%1.37%1.56%1.40%1.38%-4 bps
Growth
Asset Growth (YoY)8.31%0.06%1.61%2.67%3.71%-460 bps
Loan Growth (YoY)-18.44%-2.23%-0.38%3.13%10.12%+2,856 bps
Deposit Growth (YoY)3.88%-2.65%0.31%0.04%3.25%-64 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.04%0.00%0.00%0 bps
Allowance / Loans1.02%1.16%1.23%1.30%1.35%+33 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 Capital15.99%15.64%15.62%15.78%15.72%-27 bps
Equity / Assets13.95%13.66%13.94%14.33%14.14%+19 bps
Liquidity & Funding
Loans / Deposits56.54%57.12%58.98%63.55%60.31%+377 bps
Liquid Assets / Assets4.46%2.59%1.67%0.80%3.53%-93 bps
CRE / Total Capitaln/an/an/an/an/an/an/a