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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 $6.9MQ4 2003Q3 2005
Deposit mix
53%Interest-bearing $167.9M47%Noninterest $147.9MQ4 2003Q3 2005

Executive Summary

  • Earnings: ROA of 0.26%, down 74 bps year over year; NIM at 4.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 103.39% of deposits as of Q3 2005.

Return on Assets (quarter, annualized)

0.26%-74 bps YoY

Net Interest Margin (quarter, annualized)

4.93%+107 bps YoY

Efficiency Ratio (quarter, annualized)

88.19%+2,420 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.99%Q3 ’035.11%Q3 ’046.32%Q3 ’05+5%+28%

Non-interest income vs. expense

2.60%Q3 ’032.67%Q3 ’044.58%Q3 ’05+7%+84%

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.65%0.91%0.85%1.00%0.82%1.22%1.17%0.26%-74 bps
Return on Equity7.43%10.31%9.69%11.73%9.50%13.64%12.92%2.70%-903 bps
Net Interest Margin3.71%3.70%3.94%3.85%3.95%4.15%4.56%4.93%+107 bps
Efficiency Ratio73.18%63.38%64.29%63.99%70.30%58.81%61.68%88.19%+2,420 bps
Non-Interest Burden2.65%2.21%2.40%2.35%2.66%2.24%2.68%4.31%+196 bps
Growth
Asset Growth (YoY)17.79%10.81%4.09%11.91%5.23%10.53%7.62%2.70%-921 bps
Loan Growth (YoY)13.99%10.12%19.41%16.12%10.16%10.97%3.10%9.55%-657 bps
Deposit Growth (YoY)16.69%15.04%1.31%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.10%0.06%0.10%0.12%0.04%0.11%0.02%-7 bps
Allowance / Loans1.00%1.00%0.99%1.00%1.00%0.99%0.98%0.98%-3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital12.90%12.54%12.09%12.57%12.86%12.45%12.67%13.97%+140 bps
Equity / Assets8.77%8.82%8.74%8.36%8.96%8.87%9.25%10.25%+190 bps
Liquidity & Funding
Loans / Deposits96.62%102.83%113.02%98.80%104.79%101.37%106.64%103.39%+459 bps
Liquid Assets / Assets1.03%0.89%0.87%1.18%1.11%0.05%0.00%0.00%-118 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a