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West Texas State Bank

Odessa, TX · Cert 15466

FDIC · 8 branches

Q3 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: Q3 2019, the quarter ended September 30, 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

West Texas State Bank

Odessa, TX · Cert 15466

FDIC · 8 branches

Q3 2019

$431.2MAssets
$200.7MLoans
$374.7MDeposits
$55.7MEquity
Loan mix
52%RE $71.0M44%C&I $60.4M5%Consumer $6.5MQ3 2018Q3 2019
Deposit mix
36%Interest-bearing $134.6M64%Noninterest $240.1MQ3 2018Q3 2019

NIM

3.22%Q3 ’174.01%Q3 ’184.24%Q3 ’19+24%+4%

Non-interest income vs. expense

2.86%Q3 ’172.94%Q3 ’182.90%Q3 ’19+5%-19%

Market Position · Odessa, TX · 2019 SOD (annual) · 5.2% share · #8 of 17 inst. · $0.2B of $3.4B

5.2% Ector
63.4% Winkler
21.9% Ward
0.5% Midland

Executive Summary

  • Earnings: ROA of 1.93%, up 63 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.15% of loans (-51 bps YoY), with net recoveries of 0.25%.
  • Capital: tier 1 leverage ratio of 13.00%, up 144 bps from a year ago.
  • Funding: loans stand at 53.55% of deposits as of Q3 2019.

Financial Results

Return on Assets (YTD, annualized)

1.93%+63 bps YoY

Net Interest Margin (YTD, annualized)

4.08%+17 bps YoY

Efficiency Ratio (YTD, annualized)

58.96%-934 bps YoY

Tier 1 Leverage Ratio

13.00%+144 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2018Q4 2018Q1 2019Q2 2019Q3 2019YoY ΔTrend
Earnings
Return on Assets1.30%1.26%1.60%1.31%1.93%+63 bps
Return on Equity11.69%11.16%13.59%10.97%15.88%+419 bps
Net Interest Margin3.90%3.98%3.99%4.03%4.08%+17 bps
Efficiency Ratio68.29%69.46%65.20%65.15%58.96%-934 bps
Non-Interest Burden2.54%2.64%2.36%2.44%2.07%-48 bps
Growth
Asset Growth (YoY)3.34%4.76%1.96%2.32%1.41%-193 bps
Loan Growth (YoY)5.48%3.58%-0.17%-3.94%-8.47%-1,395 bps
Deposit Growth (YoY)2.72%3.93%1.23%0.95%-0.43%-314 bps
Asset Quality
Nonperforming Loans / Loans0.65%0.41%0.32%0.21%0.15%-51 bps
Net Charge-Offs / Loans0.61%0.39%-0.30%-0.29%-0.25%-86 bps
Allowance / Loans1.66%1.80%1.92%2.04%1.92%+26 bps
Allowance Coverage of NPLs2.5x4.4x6.0x9.6x13.1x+10.6x
Capital
Tier 1 Leverage Ratio11.55%12.04%12.01%12.13%13.00%+144 bps
Total Risk-Based Capital18.95%19.95%20.14%22.35%23.38%+443 bps
Equity / Assets11.26%11.85%11.71%12.16%12.92%+165 bps
Liquidity & Funding
Loans / Deposits58.26%58.32%56.22%54.44%53.55%-470 bps
Liquid Assets / Assets15.45%15.89%16.19%22.46%21.74%+629 bps
CRE / Total Capitaln/an/an/an/an/an/an/a