PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First State Bank, The

Avinger, TX · Cert 12314

FDIC

Q1 2013

$19.8MAssets
$10.4MLoans
$16.2MDeposits
$1.7MEquity
Loan mix
68%RE $5.1M27%C&I $2.0M6%Consumer $0.4MQ2 2011Q1 2013
Deposit mix
87%Interest-bearing $14.1M13%Noninterest $2.1MQ2 2011Q1 2013

Executive Summary

  • Earnings: ROA of 1.36%, up 5 bps year over year; NIM at 2.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 64.53% of deposits as of Q1 2013.

Return on Assets (quarter, annualized)

1.36%+5 bps YoY

Net Interest Margin (quarter, annualized)

2.74%-25 bps YoY

Efficiency Ratio (quarter, annualized)

54.61%-527 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

3.38%Q1 ’113.42%Q1 ’123.05%Q1 ’13+6%-8%

Non-interest income vs. expense

1.78%Q1 ’111.95%Q1 ’121.63%Q1 ’13+10%-18%

Discrete quarter, annualized.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets1.31%1.56%1.63%1.32%1.45%1.78%1.34%1.36%+5 bps
Return on Equity17.03%20.10%20.32%15.10%17.24%23.09%17.50%16.45%+135 bps
Net Interest Margin2.98%3.26%3.02%2.99%3.10%2.92%2.81%2.74%-25 bps
Efficiency Ratio56.25%53.85%50.30%59.87%54.14%48.92%55.56%54.61%-527 bps
Non-Interest Burden1.55%1.63%1.39%1.68%1.55%1.14%1.43%1.38%-30 bps
Growth
Asset Growth (YoY)-11.09%-12.14%-11.59%-16.22%-0.24%3.33%7.52%3.69%+1,991 bps
Loan Growth (YoY)0.51%3.27%0.09%-2.97%-7.86%-7.94%-2.06%-2.46%+52 bps
Deposit Growth (YoY)-2.03%-6.98%4.54%-0.11%-3.85%0.73%-6.61%1.11%+122 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 / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.85%1.90%2.12%2.18%2.03%2.07%2.17%2.23%+5 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 Capital14.68%14.43%16.22%17.01%15.49%15.37%15.94%17.02%+1 bps
Equity / Assets7.94%7.58%8.54%8.89%8.00%7.42%7.97%8.64%-25 bps
Liquidity & Funding
Loans / Deposits76.29%77.97%63.23%66.89%73.11%71.26%66.31%64.53%-236 bps
Liquid Assets / Assets34.86%39.41%38.95%39.89%41.97%44.41%45.65%45.00%+511 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a