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Letter portraitLegal landscapeQuarterYTD

First Bank of West Texas

Coahoma, TX · Cert 18411

FDIC

Q1 2009

$130.4MAssets
$81.5MLoans
$117.8MDeposits
$9.0MEquity
Deposit mix
80%Interest-bearing $94.0M20%Noninterest $23.8MQ1 2008Q1 2009

NIM

6.49%Q1 ’076.28%Q1 ’085.09%Q1 ’09-7%-2%

Non-interest income vs. expense

3.40%Q1 ’073.37%Q1 ’083.25%Q1 ’09-3%-7%

Executive Summary

  • Earnings: ROA of 0.54%, up 9 bps year over year; NIM at 3.37%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 69.13% of deposits as of Q1 2009.

Financial Results

Return on Assets (YTD, annualized)

0.54%+9 bps YoY

Net Interest Margin (YTD, annualized)

3.37%-7 bps YoY

Efficiency Ratio (YTD, annualized)

77.21%-294 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2008Q2 2008Q3 2008Q4 2008Q1 2009YoY ΔTrend
Earnings
Return on Assets0.45%0.47%0.19%0.28%0.54%+9 bps
Return on Equity6.84%7.00%2.80%4.17%8.03%+119 bps
Net Interest Margin3.44%3.54%3.54%3.48%3.37%-7 bps
Efficiency Ratio80.15%79.33%79.23%78.56%77.21%-294 bps
Non-Interest Burden2.60%2.64%2.62%2.55%2.41%-19 bps
Growth
Asset Growth (YoY)19.70%15.91%10.84%4.63%-0.19%-1,989 bps
Loan Growth (YoY)19.26%15.47%4.10%6.28%2.53%-1,673 bps
Deposit Growth (YoY)20.15%16.36%12.97%2.53%-1.74%-2,189 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.19%0.13%0.17%-0.02%-19 bps
Allowance / Loans1.13%1.09%1.18%1.17%1.28%+14 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 Capital10.67%10.74%10.70%10.77%11.44%+78 bps
Equity / Assets6.59%6.74%6.54%6.70%6.87%+28 bps
Liquidity & Funding
Loans / Deposits66.25%72.49%69.95%72.39%69.13%+288 bps
Liquid Assets / Assets1.08%0.29%2.61%5.47%2.88%+180 bps
CRE / Total Capitaln/an/an/an/an/an/an/a