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First State Bank of Matador

Matador, TX · Cert 1205

FDIC

Q2 2005

$12.5MAssets
$2.6MLoans
$11.1MDeposits
$1.4MEquity
Deposit mix
27%Interest-bearing $3.0M73%Noninterest $8.1MQ2 2004Q2 2005

NIM

4.07%Q2 ’033.80%Q2 ’044.11%Q2 ’05-1%+5%

Non-interest income vs. expense

2.97%Q2 ’033.03%Q2 ’042.54%Q2 ’05+2%-28%

Executive Summary

  • Earnings: ROA of 1.59%, up 70 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.31%.
  • Funding: loans stand at 23.04% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

1.59%+70 bps YoY

Net Interest Margin (YTD, annualized)

3.64%+19 bps YoY

Efficiency Ratio (YTD, annualized)

57.04%-1,734 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.89%0.94%0.85%2.05%1.59%+70 bps
Return on Equity8.49%8.82%7.99%19.51%14.76%+627 bps
Net Interest Margin3.45%3.64%3.48%3.62%3.64%+19 bps
Efficiency Ratio74.38%71.66%72.31%53.16%57.04%-1,734 bps
Non-Interest Burden2.41%2.43%2.35%1.43%1.73%-68 bps
Growth
Asset Growth (YoY)-0.44%1.90%2.38%10.30%11.51%+1,196 bps
Loan Growth (YoY)9.63%13.55%26.89%-5.13%-11.58%-2,121 bps
Deposit Growth (YoY)-0.21%2.27%1.62%10.16%11.46%+1,167 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%-0.70%0.00%0.31%+31 bps
Allowance / Loans3.53%3.34%3.38%4.18%3.83%+31 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 Capital27.16%26.59%26.45%29.17%30.11%+296 bps
Equity / Assets11.15%11.10%10.65%10.41%11.18%+3 bps
Liquidity & Funding
Loans / Deposits29.04%29.77%27.80%20.83%23.04%-600 bps
Liquid Assets / Assets67.28%65.44%65.99%61.41%68.32%+104 bps
CRE / Total Capitaln/an/an/an/an/an/an/a