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Highland Lakes Bank

Kingsland, TX · Cert 18717

FDIC

Q1 2003

$78.3MAssets
$19.9MLoans
$67.4MDeposits
$10.6MEquity
Deposit mix
89%Interest-bearing $60.2M11%Noninterest $7.1MQ1 2002Q1 2003

NIM

7.64%Q1 ’014.11%Q1 ’023.58%Q1 ’03-55%-13%

Non-interest income vs. expense

2.52%Q1 ’012.53%Q1 ’022.05%Q1 ’03-19%-21%

Executive Summary

  • Earnings: ROA of 0.36%, up 68 bps year over year; NIM at 1.68%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 29.49% of deposits as of Q1 2003.

Financial Results

Return on Assets (quarter, annualized)

0.36%+68 bps YoY

Net Interest Margin (quarter, annualized)

1.68%-25 bps YoY

Efficiency Ratio (quarter, annualized)

85.07%-556 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets-0.32%-1.61%1.49%1.70%0.36%+68 bps
Return on Equity-2.44%-12.41%11.22%12.53%2.65%+509 bps
Net Interest Margin1.93%1.85%3.05%3.14%1.68%-25 bps
Efficiency Ratio90.63%77.41%60.91%55.08%85.07%-556 bps
Non-Interest Burden1.67%1.16%1.58%1.14%1.32%-35 bps
Growth
Asset Growth (YoY)1.13%-4.69%-6.37%-3.23%-1.91%-304 bps
Loan Growth (YoY)-11.92%-13.70%-18.20%-9.08%-21.40%-948 bps
Deposit Growth (YoY)2.92%-4.14%-6.44%-3.53%-2.03%-494 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%6.46%0.03%2.50%0.24%-7 bps
Allowance / Loans1.60%1.82%1.94%1.72%1.83%+22 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 Capital29.61%29.94%31.47%33.32%46.30%+1,669 bps
Equity / Assets12.87%13.06%13.45%13.66%13.53%+66 bps
Liquidity & Funding
Loans / Deposits36.76%37.96%35.87%32.98%29.49%-727 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a