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Burton State Bank

Burton, TX · Cert 13669

FDIC · 1 branch

Q3 2021

$85.1MAssets
$19.8MLoans
$76.0MDeposits
$9.1MEquity
Loan mix
76%RE $14.4M4%C&I $0.8M19%Consumer $3.6MQ4 2019Q3 2021
Deposit mix
74%Interest-bearing $56.2M26%Noninterest $19.8MQ4 2019Q3 2021

Executive Summary

  • Earnings: ROA of 0.28%, down 83 bps year over year; NIM at 1.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.66%, down 107 bps from a year ago.
  • Funding: loans stand at 26.01% of deposits as of Q3 2021.

Return on Assets (YTD, annualized)

0.28%-83 bps YoY

Net Interest Margin (YTD, annualized)

1.41%-66 bps YoY

Efficiency Ratio (YTD, annualized)

84.66%+3,673 bps YoY

Tier 1 Leverage Ratio

10.66%-107 bps YoY

NIM

3.43%Q3 ’192.76%Q3 ’201.73%Q3 ’21-20%-32%

Non-interest income vs. expense

1.15%Q3 ’191.03%Q3 ’201.26%Q3 ’21-8%+24%

Year to date, annualized, through each quarter.

MetricQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.78%0.33%0.98%1.11%1.10%0.40%0.70%0.28%-83 bps
Return on Equity15.00%2.90%8.63%9.68%9.59%3.54%6.27%2.50%-717 bps
Net Interest Margin2.50%2.27%2.13%2.07%1.99%1.51%1.45%1.41%-66 bps
Efficiency Ratio45.29%44.24%46.27%47.92%54.68%64.42%60.62%84.66%+3,673 bps
Non-Interest Burden1.06%0.95%0.95%0.95%1.04%0.94%0.85%1.18%+23 bps
Growth
Asset Growth (YoY)9.43%10.28%13.60%13.10%8.99%9.34%7.55%9.26%-384 bps
Loan Growth (YoY)5.22%2.56%4.26%-0.12%0.39%-1.94%-5.89%-6.04%-591 bps
Deposit Growth (YoY)9.30%10.75%14.72%14.12%9.28%9.74%7.95%10.58%-354 bps
Asset Quality
Nonperforming Loans / Loans0.02%0.01%0.01%0.00%0.00%0.00%0.30%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.01%+1 bps
Allowance / Loans0.67%0.68%0.66%0.69%0.70%0.72%0.72%0.76%+7 bps
Allowance Coverage of NPLs36.3x48.3x72.5xn/an/an/a2.4xn/an/a
Capital
Tier 1 Leverage Ratio12.15%11.34%11.28%11.73%11.70%11.24%10.97%10.66%-107 bps
Total Risk-Based Capital30.77%11.34%11.28%11.73%11.70%11.24%10.97%10.66%-107 bps
Equity / Assets11.78%11.21%11.15%11.72%11.59%10.94%10.90%10.68%-103 bps
Liquidity & Funding
Loans / Deposits33.67%31.21%31.49%30.61%30.93%27.89%27.46%26.01%-460 bps
Liquid Assets / Assets56.96%55.12%58.52%60.08%57.73%54.03%53.69%59.15%-93 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a