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Horizon Capital Bank

Webster, TX · Cert 18929

FDIC

Q3 2005

$408.9MAssets
$326.6MLoans
$315.9MDeposits
$41.9MEquity
Loan mix
44%RE $55.3M51%C&I $64.0M5%Consumer $6.9MQ3 2004Q3 2005
Deposit mix
53%Interest-bearing $167.9M47%Noninterest $147.9MQ3 2004Q3 2005

NIM

4.90%Q3 ’034.90%Q3 ’045.85%Q3 ’05+3%+22%

Non-interest income vs. expense

2.53%Q3 ’032.59%Q3 ’043.43%Q3 ’05+5%+36%

Executive Summary

  • Earnings: ROA of 0.88%, down 4 bps year over year; NIM at 4.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 103.39% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.88%-4 bps YoY

Net Interest Margin (YTD, annualized)

4.52%+80 bps YoY

Efficiency Ratio (YTD, annualized)

70.16%+627 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.91%0.90%1.22%1.20%0.88%-4 bps
Return on Equity10.56%10.28%13.64%13.27%9.40%-116 bps
Net Interest Margin3.72%3.74%4.15%4.45%4.52%+80 bps
Efficiency Ratio63.89%65.58%58.81%60.25%70.16%+627 bps
Non-Interest Burden2.25%2.33%2.24%2.52%3.06%+81 bps
Growth
Asset Growth (YoY)11.91%5.23%10.53%7.62%2.70%-921 bps
Loan Growth (YoY)16.12%10.16%10.97%3.10%9.55%-657 bps
Deposit Growth (YoY)12.00%1.58%12.58%9.27%4.68%-731 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.09%0.04%0.07%0.05%-3 bps
Allowance / Loans1.00%1.00%0.99%0.98%0.98%-3 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 Capital12.57%12.86%12.45%12.67%13.97%+140 bps
Equity / Assets8.36%8.96%8.87%9.25%10.25%+190 bps
Liquidity & Funding
Loans / Deposits98.80%104.79%101.37%106.64%103.39%+459 bps
Liquid Assets / Assets1.18%1.11%0.05%0.00%0.00%-118 bps
CRE / Total Capitaln/an/an/an/an/an/an/a