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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 ’016.44%Q3 ’016.01%Q3 ’02-15%+16%

Non-interest income vs. expense

4.60%Q1 ’014.23%Q3 ’014.44%Q3 ’02-9%+8%

Executive Summary

  • Earnings: ROA of 0.48%, up 21 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 0.00%.
  • Funding: loans stand at 53.38% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

0.48%+21 bps YoY

Net Interest Margin (quarter, annualized)

4.28%+58 bps YoY

Efficiency Ratio (quarter, annualized)

85.95%-538 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets0.27%0.39%0.94%0.78%0.48%+21 bps
Return on Equity3.14%4.48%11.10%8.93%5.35%+220 bps
Net Interest Margin3.69%4.19%4.20%4.48%4.28%+58 bps
Efficiency Ratio91.33%89.84%73.05%77.38%85.95%-538 bps
Non-Interest Burden3.29%3.68%2.75%3.29%3.55%+26 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 / Loans-0.09%0.90%-0.04%0.22%0.00%+9 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