PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

3.61%Q2 ’033.63%Q2 ’044.04%Q2 ’05+9%+8%

Non-interest income vs. expense

2.90%Q2 ’032.89%Q2 ’042.51%Q2 ’050%-11%

Executive Summary

  • Earnings: ROA of 1.09%, up 16 bps year over year; NIM at 3.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.63%.
  • Funding: loans stand at 23.04% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

1.09%+16 bps YoY

Net Interest Margin (quarter, annualized)

3.55%+25 bps YoY

Efficiency Ratio (quarter, annualized)

61.65%-1,123 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.93%1.05%0.61%2.05%1.09%+16 bps
Return on Equity8.72%9.47%5.58%19.51%10.13%+141 bps
Net Interest Margin3.30%3.88%3.58%3.62%3.55%+25 bps
Efficiency Ratio72.88%66.67%74.22%53.16%61.65%-1,123 bps
Non-Interest Burden2.22%2.37%2.50%1.43%1.99%-23 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%-2.78%0.00%0.63%+63 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