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First National Bank, Sweetwater, Texas

Sweetwater, TX · Cert 16653

FDIC

Q3 2012

$199.9MAssets
$109.3MLoans
$165.0MDeposits
$16.2MEquity
Loan mix
48%RE $42.7M19%C&I $16.5M33%Consumer $29.1MQ3 2011Q3 2012
Deposit mix
77%Interest-bearing $126.2M23%Noninterest $38.7MQ3 2011Q3 2012

NIM

4.70%Q3 ’104.43%Q3 ’113.96%Q3 ’120%-8%

Non-interest income vs. expense

2.90%Q3 ’102.64%Q3 ’112.44%Q3 ’12+18%-22%

Executive Summary

  • Earnings: ROA of 1.62%, up 7 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 66.24% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

1.62%+7 bps YoY

Net Interest Margin (YTD, annualized)

3.76%-33 bps YoY

Efficiency Ratio (YTD, annualized)

52.26%-308 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 Assets1.56%1.63%1.60%1.61%1.62%+7 bps
Return on Equity17.80%18.65%18.68%19.11%19.49%+168 bps
Net Interest Margin4.09%3.95%3.90%3.82%3.76%-33 bps
Efficiency Ratio55.34%53.77%53.26%52.89%52.26%-308 bps
Non-Interest Burden1.95%1.77%1.61%1.59%1.53%-42 bps
Growth
Asset Growth (YoY)16.02%12.42%14.79%17.57%16.19%+17 bps
Loan Growth (YoY)11.83%6.69%10.47%21.70%41.83%+3,000 bps
Deposit Growth (YoY)18.97%12.04%14.20%13.94%6.85%-1,212 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.16%0.36%0.20%0.13%+6 bps
Allowance / Loans1.58%1.52%1.45%1.31%1.31%-27 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 Capital15.61%15.26%14.40%13.34%12.64%-297 bps
Equity / Assets8.79%8.76%8.34%8.19%8.09%-70 bps
Liquidity & Funding
Loans / Deposits49.91%50.21%49.54%57.62%66.24%+1,634 bps
Liquid Assets / Assets9.04%6.68%5.64%5.02%4.47%-457 bps
CRE / Total Capitaln/an/an/an/an/an/an/a