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Gulf Coast Bank

Winnie, TX · Cert 18046

FDIC

Q2 2009

$105.9MAssets
$26.5MLoans
$89.5MDeposits
$15.3MEquity
Loan mix
58%RE $13.5M42%C&I $9.7M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
61%Interest-bearing $55.0M39%Noninterest $34.5MQ2 2008Q2 2009

NIM

5.48%Q2 ’074.88%Q2 ’083.79%Q2 ’09-8%-19%

Non-interest income vs. expense

3.91%Q2 ’073.76%Q2 ’083.24%Q2 ’09+6%-12%

Executive Summary

  • Earnings: ROA of 0.49%, down 39 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 29.60% of deposits as of Q2 2009.

Financial Results

Return on Assets (quarter, annualized)

0.49%-39 bps YoY

Net Interest Margin (quarter, annualized)

3.12%-74 bps YoY

Efficiency Ratio (quarter, annualized)

79.18%+473 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets0.88%0.95%0.34%0.88%0.49%-39 bps
Return on Equity5.39%6.14%2.41%6.63%3.51%-188 bps
Net Interest Margin3.87%3.91%3.68%3.46%3.12%-74 bps
Efficiency Ratio74.45%71.03%90.23%67.98%79.18%+473 bps
Non-Interest Burden2.58%2.44%3.23%2.05%2.27%-30 bps
Growth
Asset Growth (YoY)11.30%18.76%39.02%36.36%20.52%+922 bps
Loan Growth (YoY)-2.02%1.48%-3.24%6.60%-4.03%-200 bps
Deposit Growth (YoY)12.82%21.72%44.91%42.25%21.63%+882 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.17%0.07%0.08%0.15%+8 bps
Allowance / Loans1.64%1.53%1.52%1.53%1.66%+2 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 Capital16.12%15.09%13.96%15.51%16.93%+81 bps
Equity / Assets15.59%15.32%13.14%13.38%14.44%-115 bps
Liquidity & Funding
Loans / Deposits37.51%36.65%29.78%29.69%29.60%-791 bps
Liquid Assets / Assets0.98%2.99%1.79%2.49%10.61%+963 bps
CRE / Total Capitaln/an/an/an/an/an/an/a