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Texas Bank

Weatherford, TX · Cert 15832

FDIC

Q4 2005

$1.8BAssets
$1.4BLoans
$1.6BDeposits
$150.2MEquity
Loan mix
49%RE $177.0M48%C&I $172.6M2%Consumer $8.2MQ4 2004Q4 2005
Deposit mix
66%Interest-bearing $1.1B34%Noninterest $0.6BQ4 2004Q4 2005

NIM

5.69%Q4 ’035.68%Q4 ’046.64%Q4 ’05-4%+7%

Non-interest income vs. expense

3.66%Q4 ’033.55%Q4 ’043.57%Q4 ’05-10%+1%

Executive Summary

  • Earnings: ROA of 1.57%, up 28 bps year over year; NIM at 4.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 87.12% of deposits as of Q4 2005.

Financial Results

Return on Assets (quarter, annualized)

1.57%+28 bps YoY

Net Interest Margin (quarter, annualized)

4.94%+34 bps YoY

Efficiency Ratio (quarter, annualized)

56.38%-334 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005YoY ΔTrend
Earnings
Return on Assets1.28%1.39%1.47%1.60%1.57%+28 bps
Return on Equity15.32%16.31%17.06%18.67%18.68%+336 bps
Net Interest Margin4.60%4.61%4.83%5.01%4.94%+34 bps
Efficiency Ratio59.73%61.25%59.80%56.81%56.38%-334 bps
Non-Interest Burden2.24%2.26%2.33%2.30%2.26%+3 bps
Growth
Asset Growth (YoY)20.12%12.98%11.79%13.73%20.46%+35 bps
Loan Growth (YoY)17.69%14.49%19.89%19.94%16.97%-72 bps
Deposit Growth (YoY)17.77%12.57%9.83%14.25%23.02%+525 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.05%0.17%0.15%0.30%+7 bps
Allowance / Loans1.27%1.28%1.28%1.25%1.25%-2 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 Capital10.85%11.21%10.78%10.54%10.55%-30 bps
Equity / Assets8.39%8.61%8.58%8.57%8.21%-19 bps
Liquidity & Funding
Loans / Deposits91.63%93.45%94.86%93.46%87.12%-451 bps
Liquid Assets / Assets2.75%1.10%1.06%0.99%0.92%-183 bps
CRE / Total Capitaln/an/an/an/an/an/an/a