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First National Bank in Dalhart

Dalhart, TX · Cert 14508

FDIC · 1 branch

Q3 2016

$69.7MAssets
$39.3MLoans
$61.8MDeposits
$7.5MEquity
Loan mix
64%RE $9.8M30%C&I $4.6M6%Consumer $0.9MQ3 2015Q3 2016
Deposit mix
52%Interest-bearing $32.4M48%Noninterest $29.5MQ3 2015Q3 2016

NIM

3.71%Q3 ’143.60%Q3 ’153.26%Q3 ’16-2%-10%

Non-interest income vs. expense

2.29%Q3 ’142.30%Q3 ’152.30%Q3 ’160%-1%

Executive Summary

  • Earnings: ROA of 1.10%, down 15 bps year over year; NIM at 3.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.24%, down 20 bps from a year ago.
  • Funding: loans stand at 63.54% of deposits as of Q3 2016.

Financial Results

Return on Assets (YTD, annualized)

1.10%-15 bps YoY

Net Interest Margin (YTD, annualized)

3.17%-34 bps YoY

Efficiency Ratio (YTD, annualized)

69.01%+614 bps YoY

Tier 1 Leverage Ratio

10.24%-20 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets1.25%1.12%1.11%1.11%1.10%-15 bps
Return on Equity11.72%10.56%10.19%10.16%10.12%-159 bps
Net Interest Margin3.50%3.45%3.55%3.55%3.17%-34 bps
Efficiency Ratio62.87%66.83%69.05%68.44%69.01%+614 bps
Non-Interest Burden2.14%2.26%2.40%2.38%2.13%-1 bps
Growth
Asset Growth (YoY)-12.39%1.86%0.55%3.01%7.61%+2,000 bps
Loan Growth (YoY)1.34%-4.45%-3.38%-12.40%-4.50%-585 bps
Deposit Growth (YoY)-13.74%1.42%0.17%6.63%8.23%+2,198 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.24%0.19%0.00%0.00%0.00%-24 bps
Allowance / Loans1.54%1.62%1.64%1.73%1.63%+9 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.44%10.21%11.10%11.26%10.24%-20 bps
Total Risk-Based Capital16.78%17.04%17.75%18.24%17.72%+94 bps
Equity / Assets11.06%10.42%11.36%10.98%10.78%-28 bps
Liquidity & Funding
Loans / Deposits72.01%64.73%68.67%62.12%63.54%-847 bps
Liquid Assets / Assets6.31%3.12%3.52%3.42%7.07%+77 bps
CRE / Total Capitaln/an/an/an/an/an/an/a