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Guarantyfirst Bank

Oklahoma City, OK · Cert 18957

FDIC

Q1 2013

$1.2BAssets
$847.6MLoans
$1.1BDeposits
$121.1MEquity
Loan mix
66%RE $369.8M31%C&I $172.8M3%Consumer $15.1MQ1 2012Q1 2013
Deposit mix
73%Interest-bearing $821.1M27%Noninterest $296.7MQ1 2012Q1 2013

NIM

4.42%Q1 ’114.15%Q1 ’123.68%Q1 ’13-3%-10%

Non-interest income vs. expense

2.68%Q1 ’112.55%Q1 ’125.25%Q1 ’130%+190%

Executive Summary

  • Earnings: ROA of -0.82%, down 198 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 75.82% of deposits as of Q1 2013.

Financial Results

Return on Assets (quarter, annualized)

-0.82%-198 bps YoY

Net Interest Margin (quarter, annualized)

3.21%-34 bps YoY

Efficiency Ratio (quarter, annualized)

133.49%+7,729 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets1.16%1.17%1.17%1.43%-0.82%-198 bps
Return on Equity11.83%11.84%12.24%15.31%-8.49%-2,031 bps
Net Interest Margin3.55%3.66%3.45%3.31%3.21%-34 bps
Efficiency Ratio56.20%54.94%57.06%54.56%133.49%+7,729 bps
Non-Interest Burden1.56%1.58%1.55%1.39%4.53%+296 bps
Growth
Asset Growth (YoY)4.93%3.68%3.40%4.29%-3.59%-853 bps
Loan Growth (YoY)-2.25%-3.78%-2.24%-6.79%-6.37%-412 bps
Deposit Growth (YoY)4.65%3.31%3.94%4.84%-2.03%-669 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.55%0.37%0.09%0.12%0.08%-46 bps
Allowance / Loans1.32%1.34%1.32%1.31%1.33%+1 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 Capital13.27%13.77%12.77%13.41%13.24%-4 bps
Equity / Assets9.79%9.98%9.14%9.55%9.71%-8 bps
Liquidity & Funding
Loans / Deposits79.34%77.01%74.08%73.08%75.82%-351 bps
Liquid Assets / Assets23.93%25.63%26.55%28.12%24.73%+80 bps
CRE / Total Capitaln/an/an/an/an/an/an/a