PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Surety Bank, National Association

Fort Worth, TX · Cert 18915

FDIC

Q3 2013

$63.0MAssets
$45.7MLoans
$52.8MDeposits
$10.0MEquity
Loan mix
73%RE $28.4M23%C&I $9.1M4%Consumer $1.4MQ3 2012Q3 2013
Deposit mix
80%Interest-bearing $42.2M20%Noninterest $10.6MQ3 2012Q3 2013

NIM

4.57%Q3 ’115.02%Q3 ’124.59%Q3 ’13+18%-7%

Non-interest income vs. expense

5.49%Q3 ’113.80%Q3 ’123.43%Q3 ’13-20%-8%

Executive Summary

  • Earnings: ROA of 0.70%, up 9 bps year over year; NIM at 4.01%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.13%.
  • Funding: loans stand at 86.57% of deposits as of Q3 2013.

Financial Results

Return on Assets (quarter, annualized)

0.70%+9 bps YoY

Net Interest Margin (quarter, annualized)

4.01%-28 bps YoY

Efficiency Ratio (quarter, annualized)

79.88%-168 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2012Q4 2012Q1 2013Q2 2013Q3 2013YoY ΔTrend
Earnings
Return on Assets0.62%0.85%0.70%0.54%0.70%+9 bps
Return on Equity3.88%5.35%4.53%3.30%4.32%+45 bps
Net Interest Margin4.29%4.34%3.89%3.99%4.01%-28 bps
Efficiency Ratio81.56%77.74%79.88%83.78%79.88%-168 bps
Non-Interest Burden3.50%3.35%3.04%3.35%3.21%-29 bps
Growth
Asset Growth (YoY)1.87%20.71%14.40%-1.20%12.58%+1,071 bps
Loan Growth (YoY)20.23%18.58%7.92%8.78%-0.23%-2,046 bps
Deposit Growth (YoY)0.05%21.37%14.94%-2.98%13.87%+1,382 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.15%-0.13%-0.11%-0.13%-0.13%+2 bps
Allowance / Loans1.61%1.63%1.73%1.72%1.87%+26 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 Capital15.67%15.85%16.62%16.08%16.52%+85 bps
Equity / Assets16.69%15.25%15.76%16.82%15.81%-87 bps
Liquidity & Funding
Loans / Deposits98.79%87.78%87.79%98.48%86.57%-1,223 bps
Liquid Assets / Assets7.96%15.93%16.15%9.42%18.77%+1,082 bps
CRE / Total Capitaln/an/an/an/an/an/an/a