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Texas First State Bank

Riesel, TX · Cert 15300

FDIC · 6 branches

Q4 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2019, the quarter ended December 31, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Texas First State Bank

Riesel, TX · Cert 15300

FDIC · 6 branches

Q4 2019

$397.0MAssets
$185.7MLoans
$369.4MDeposits
$27.0MEquity
Loan mix
84%RE $103.0M15%C&I $18.4M2%Consumer $1.9MQ4 2018Q4 2019
Deposit mix
79%Interest-bearing $292.9M21%Noninterest $76.5MQ4 2018Q4 2019

NIM

2.85%Q4 ’173.11%Q4 ’183.25%Q4 ’19+2%+2%

Non-interest income vs. expense

2.18%Q4 ’172.40%Q4 ’182.42%Q4 ’19+10%0%

Market Position · Waco, TX · 2019 SOD (annual) · 4.5% share · #10 of 28 inst. · $0.2B of $5.5B

4.7% McLennan
8.8% Coryell
1.1% Bell

Executive Summary

  • Earnings: ROA of 0.33%, up 2 bps year over year; NIM at 2.45%.
  • Asset quality: problem loans at 0.02% of loans (-3 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 6.67%, down 162 bps from a year ago.
  • Funding: loans stand at 50.28% of deposits as of Q4 2019.

Financial Results

Return on Assets (YTD, annualized)

0.33%+2 bps YoY

Net Interest Margin (YTD, annualized)

2.45%+5 bps YoY

Efficiency Ratio (YTD, annualized)

86.71%-159 bps YoY

Tier 1 Leverage Ratio

6.67%-162 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2018Q1 2019Q2 2019Q3 2019Q4 2019YoY ΔTrend
Earnings
Return on Assets0.31%0.24%0.29%0.31%0.33%+2 bps
Return on Equity3.74%2.82%3.42%3.63%4.00%+27 bps
Net Interest Margin2.41%2.40%2.43%2.44%2.45%+5 bps
Efficiency Ratio88.30%90.49%88.47%87.40%86.71%-159 bps
Non-Interest Burden2.09%2.14%2.12%2.09%2.08%-1 bps
Growth
Asset Growth (YoY)-3.22%-2.89%-1.91%0.43%0.02%+324 bps
Loan Growth (YoY)2.41%-1.40%1.34%11.73%19.00%+1,659 bps
Deposit Growth (YoY)-3.67%-3.46%2.38%1.57%1.77%+545 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.05%0.05%0.01%0.02%-3 bps
Net Charge-Offs / Loans0.00%0.02%0.01%0.02%0.01%+1 bps
Allowance / Loans0.36%0.36%0.34%0.31%0.30%-7 bps
Allowance Coverage of NPLs7.3x6.5x7.1x21.2x19.6x+12.4x
Capital
Tier 1 Leverage Ratio8.29%8.30%8.52%8.62%6.67%-162 bps
Total Risk-Based Capital16.95%16.94%17.04%16.25%16.48%-47 bps
Equity / Assets8.45%8.38%8.74%8.68%6.81%-164 bps
Liquidity & Funding
Loans / Deposits43.00%42.43%45.60%48.39%50.28%+728 bps
Liquid Assets / Assets52.84%54.06%50.55%48.85%45.21%-763 bps
CRE / Total Capitaln/an/an/an/an/an/an/a