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Hereford State Bank

Hereford, TX · Cert 16589

FDIC

Q3 2012

$170.5MAssets
$109.8MLoans
$137.7MDeposits
$16.1MEquity
Loan mix
51%RE $38.8M37%C&I $28.4M12%Consumer $8.9MQ3 2011Q3 2012
Deposit mix
58%Interest-bearing $80.0M42%Noninterest $57.7MQ3 2011Q3 2012

NIM

4.87%Q3 ’104.73%Q3 ’114.17%Q3 ’12+5%-10%

Non-interest income vs. expense

2.49%Q3 ’102.47%Q3 ’112.29%Q3 ’12+12%-13%

Executive Summary

  • Earnings: ROA of 1.59%, up 6 bps year over year; NIM at 4.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.41%.
  • Funding: loans stand at 79.75% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

1.59%+6 bps YoY

Net Interest Margin (YTD, annualized)

4.04%-45 bps YoY

Efficiency Ratio (YTD, annualized)

49.40%+22 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.53%1.50%1.44%1.47%1.59%+6 bps
Return on Equity17.06%16.62%15.50%15.69%17.00%-6 bps
Net Interest Margin4.50%4.43%4.41%4.17%4.04%-45 bps
Efficiency Ratio49.17%47.31%49.97%49.74%49.40%+22 bps
Non-Interest Burden1.94%1.80%1.87%1.78%1.69%-25 bps
Growth
Asset Growth (YoY)2.29%-6.20%-1.60%6.35%9.66%+737 bps
Loan Growth (YoY)1.32%9.30%4.62%5.30%11.81%+1,049 bps
Deposit Growth (YoY)3.42%-10.15%-4.95%2.56%2.63%-79 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.53%0.51%0.28%0.41%+37 bps
Allowance / Loans2.25%2.00%2.14%2.23%1.85%-40 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 Capital14.22%13.33%13.94%13.86%13.64%-58 bps
Equity / Assets9.93%9.25%9.27%9.51%9.43%-50 bps
Liquidity & Funding
Loans / Deposits73.20%75.05%71.21%73.55%79.75%+655 bps
Liquid Assets / Assets4.39%2.07%8.47%1.65%1.49%-291 bps
CRE / Total Capitaln/an/an/an/an/an/an/a