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Cedar Creek Bank

Seven Points, TX · Cert 18853

FDIC

Q3 2004

$104.9MAssets
$50.3MLoans
$93.2MDeposits
$11.4MEquity
Deposit mix
74%Interest-bearing $68.6M26%Noninterest $24.6MQ3 2003Q3 2004

NIM

6.61%Q3 ’025.19%Q3 ’034.58%Q3 ’04-15%-7%

Non-interest income vs. expense

3.90%Q3 ’023.60%Q3 ’033.67%Q3 ’04+43%-4%

Executive Summary

  • Earnings: ROA of 1.46%, down 11 bps year over year; NIM at 3.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 54.00% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

1.46%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.74%-29 bps YoY

Efficiency Ratio (YTD, annualized)

73.37%+326 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.57%1.33%1.25%1.33%1.46%-11 bps
Return on Equity14.72%12.47%11.89%12.65%13.80%-92 bps
Net Interest Margin4.04%4.03%3.88%3.82%3.74%-29 bps
Efficiency Ratio70.10%73.82%75.13%73.72%73.37%+326 bps
Non-Interest Burden2.50%2.69%2.62%2.49%2.41%-9 bps
Growth
Asset Growth (YoY)4.88%4.14%0.09%-1.73%0.27%-461 bps
Loan Growth (YoY)0.36%-3.34%-2.11%-6.38%-5.93%-629 bps
Deposit Growth (YoY)6.22%4.85%0.21%-1.56%-0.14%-636 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.37%0.02%-0.02%-0.01%-20 bps
Allowance / Loans1.35%1.22%1.23%1.28%1.30%-5 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 Capital18.40%18.11%18.75%19.00%20.66%+226 bps
Equity / Assets10.52%10.48%10.63%10.35%10.90%+39 bps
Liquidity & Funding
Loans / Deposits57.33%57.26%55.82%54.80%54.00%-332 bps
Liquid Assets / Assets12.25%13.37%12.78%10.94%8.94%-331 bps
CRE / Total Capitaln/an/an/an/an/an/an/a