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First National Bank

Edinburg, TX · Cert 14318

FDIC

Q2 2013

$3.1BAssets
$1.9BLoans
$2.3BDeposits
$171.5MEquity
Loan mix
88%RE $1.2B9%C&I $0.1B2%Consumer $0.0BQ2 2012Q2 2013
Deposit mix
81%Interest-bearing $1.9B19%Noninterest $0.5BQ2 2012Q2 2013

NIM

4.73%Q2 ’113.94%Q2 ’123.36%Q2 ’13-17%-24%

Non-interest income vs. expense

2.75%Q2 ’113.90%Q2 ’123.31%Q2 ’13+136%-32%

Executive Summary

  • Earnings: ROA of -1.42%, up 332 bps year over year; NIM at 1.95%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.56%.
  • Funding: loans stand at 79.75% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

-1.42%+332 bps YoY

Net Interest Margin (quarter, annualized)

1.95%-63 bps YoY

Efficiency Ratio (quarter, annualized)

173.16%-8,258 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets-4.75%-3.29%-6.46%-0.42%-1.42%+332 bps
Return on Equity-56.79%-43.69%-98.79%-7.11%-24.95%+3,184 bps
Net Interest Margin2.58%2.34%1.10%2.11%1.95%-63 bps
Efficiency Ratio256%379%4104%113.03%173.16%-8,258 bps
Non-Interest Burden4.95%6.51%7.78%2.48%3.35%-160 bps
Growth
Asset Growth (YoY)-6.22%-7.17%-6.86%-9.89%-11.85%-563 bps
Loan Growth (YoY)-16.01%-18.22%-15.82%-14.81%-13.25%+276 bps
Deposit Growth (YoY)-4.75%-5.07%-3.59%-8.40%-11.80%-705 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.22%5.12%2.33%1.97%1.56%+34 bps
Allowance / Loans4.70%4.06%4.18%3.93%4.04%-66 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 Capital9.96%8.51%4.85%4.76%4.16%-579 bps
Equity / Assets7.84%7.23%5.83%5.85%5.56%-228 bps
Liquidity & Funding
Loans / Deposits81.09%78.65%79.86%79.59%79.75%-133 bps
Liquid Assets / Assets12.84%12.38%7.65%7.01%8.22%-462 bps
CRE / Total Capitaln/an/an/an/an/an/an/a