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Letter portraitLegal landscapeQuarterYTD

Texas Country Bank

San Juan, TX · Cert 16819

FDIC

Q3 2002

$50.5MAssets
$24.0MLoans
$45.0MDeposits
$4.5MEquity
Deposit mix
71%Interest-bearing $32.1M29%Noninterest $12.9MQ3 2001Q3 2002

NIM

7.26%Q1 ’016.64%Q3 ’016.14%Q3 ’02-11%+11%

Non-interest income vs. expense

4.60%Q1 ’014.29%Q3 ’014.11%Q3 ’02-7%-6%

Executive Summary

  • Earnings: ROA of 0.73%, up 40 bps year over year; NIM at 4.28%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 53.38% of deposits as of Q3 2002.

Financial Results

Return on Assets (YTD, annualized)

0.73%+40 bps YoY

Net Interest Margin (YTD, annualized)

4.28%+44 bps YoY

Efficiency Ratio (YTD, annualized)

78.75%-1,130 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.33%0.35%0.94%0.87%0.73%+40 bps
Return on Equityn/an/a11.10%9.98%8.42%n/a
Net Interest Margin3.84%3.94%4.20%4.31%4.28%+44 bps
Efficiency Ratio90.06%90.00%73.05%75.21%78.75%-1,130 bps
Non-Interest Burden3.37%3.46%2.75%3.00%3.17%-20 bps
Growth
Asset Growth (YoY)4.40%4.60%4.81%-0.19%0.69%-371 bps
Loan Growth (YoY)9.96%9.96%9.63%9.65%7.57%-238 bps
Deposit Growth (YoY)4.94%4.89%4.97%-0.95%-0.05%-499 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.29%-0.04%0.09%0.06%-3 bps
Allowance / Loans2.08%1.85%1.84%1.69%1.69%-38 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 Capital17.44%16.20%14.38%14.66%14.19%-325 bps
Equity / Assets8.70%8.55%8.42%9.05%8.91%+21 bps
Liquidity & Funding
Loans / Deposits49.60%50.98%49.49%54.30%53.38%+378 bps
Liquid Assets / Assets11.07%25.68%23.49%24.12%13.45%+239 bps
CRE / Total Capitaln/an/an/an/an/an/an/a