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Union State Bank

Carrizo Springs, TX · Cert 16686

FDIC

Q1 2014

$38.4MAssets
$15.1MLoans
$35.3MDeposits
$3.1MEquity
Loan mix
41%RE $5.8M37%C&I $5.3M21%Consumer $3.1MQ1 2013Q1 2014
Deposit mix
65%Interest-bearing $22.9M35%Noninterest $12.4MQ1 2013Q1 2014

NIM

5.29%Q1 ’124.32%Q1 ’133.38%Q1 ’14-16%-23%

Non-interest income vs. expense

5.06%Q1 ’124.35%Q1 ’133.49%Q1 ’14-16%-22%

Executive Summary

  • Earnings: ROA of 0.23%, up 5 bps year over year; NIM at 3.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 42.71% of deposits as of Q1 2014.

Financial Results

Return on Assets (YTD, annualized)

0.23%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.09%-91 bps YoY

Efficiency Ratio (YTD, annualized)

93.86%+122 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets0.17%0.18%0.18%0.23%0.23%+5 bps
Return on Equity2.12%2.12%2.17%2.81%2.74%+63 bps
Net Interest Margin3.99%3.83%3.78%3.72%3.09%-91 bps
Efficiency Ratio92.64%92.40%93.51%92.87%93.86%+122 bps
Non-Interest Burden3.65%3.49%3.49%3.40%2.86%-79 bps
Growth
Asset Growth (YoY)-1.86%0.20%-1.11%-3.16%4.32%+619 bps
Loan Growth (YoY)-9.12%-7.20%-8.15%-14.90%-21.15%-1,204 bps
Deposit Growth (YoY)-1.74%0.46%-0.70%-3.34%4.67%+641 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.02%0.84%0.64%0.61%0.00%+2 bps
Allowance / Loans1.22%0.93%0.93%0.94%0.99%-23 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 Capital15.04%14.94%15.48%16.64%17.36%+232 bps
Equity / Assets8.17%8.43%8.23%8.55%8.00%-18 bps
Liquidity & Funding
Loans / Deposits56.69%56.43%52.53%48.86%42.71%-1,399 bps
Liquid Assets / Assets38.58%37.05%40.00%44.04%49.11%+1,053 bps
CRE / Total Capitaln/an/an/an/an/an/an/a