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 (YTD, annualized)

1.36%+5 bps YoY

Net Interest Margin (YTD, annualized)

2.74%-25 bps YoY

Efficiency Ratio (YTD, 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%

Year to date, annualized, through each quarter.

MetricQ2 2011Q3 2011Q4 2011Q1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets1.25%1.34%1.42%1.32%1.38%1.51%1.49%1.36%+5 bps
Return on Equity16.42%17.61%18.27%15.10%16.27%18.50%18.25%16.45%+135 bps
Net Interest Margin2.93%3.14%3.13%2.99%3.10%2.77%2.82%2.74%-25 bps
Efficiency Ratio57.23%56.06%54.68%59.87%57.01%54.00%54.38%54.61%-527 bps
Non-Interest Burden1.56%1.64%1.59%1.68%1.65%1.34%1.38%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