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Southwestern Bank

Oklahoma City, OK · Cert 19181

FDIC

Q3 2005

$126.7MAssets
$91.3MLoans
$108.0MDeposits
$10.7MEquity
Deposit mix
77%Interest-bearing $82.6M23%Noninterest $25.4MQ3 2004Q3 2005

NIM

4.46%Q3 ’034.58%Q3 ’045.59%Q3 ’05+6%+15%

Non-interest income vs. expense

3.35%Q3 ’033.95%Q3 ’044.53%Q3 ’05+34%+21%

Executive Summary

  • Earnings: ROA of 0.65%, up 15 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 84.60% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.65%+15 bps YoY

Net Interest Margin (quarter, annualized)

4.23%+55 bps YoY

Efficiency Ratio (quarter, annualized)

88.33%+295 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.50%-0.03%0.45%0.53%0.65%+15 bps
Return on Equity6.14%-0.31%5.40%6.32%7.70%+156 bps
Net Interest Margin3.68%3.91%4.01%4.06%4.23%+55 bps
Efficiency Ratio85.38%104.16%87.86%85.56%88.33%+295 bps
Non-Interest Burden3.00%4.10%3.42%3.34%3.63%+63 bps
Growth
Asset Growth (YoY)-2.45%-2.70%-1.62%-0.40%0.28%+273 bps
Loan Growth (YoY)1.45%-5.60%-7.05%-4.56%-1.09%-254 bps
Deposit Growth (YoY)-3.70%-3.28%-6.77%-4.98%-1.42%+228 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.03%0.11%0.92%0.05%+7 bps
Allowance / Loans1.37%1.39%1.39%1.14%0.95%-42 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 Capital11.34%11.45%11.66%11.45%11.35%+1 bps
Equity / Assets8.28%8.24%8.30%8.38%8.48%+20 bps
Liquidity & Funding
Loans / Deposits84.32%82.79%85.41%85.27%84.60%+28 bps
Liquid Assets / Assets9.92%10.85%11.54%11.44%11.19%+127 bps
CRE / Total Capitaln/an/an/an/an/an/an/a