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Bank of the Southwest of Dallas

Dallas, TX · Cert 19258

FDIC

Q4 2002

$121.7MAssets
$56.8MLoans
$106.9MDeposits
$14.6MEquity
Deposit mix
81%Interest-bearing $86.4M19%Noninterest $20.5MQ4 2001Q4 2002

NIM

7.07%Q1 ’015.95%Q4 ’013.95%Q4 ’02-12%-33%

Non-interest income vs. expense

3.36%Q1 ’013.37%Q4 ’012.85%Q4 ’02-3%-24%

Executive Summary

  • Earnings: ROA of 0.41%, down 52 bps year over year; NIM at 2.52%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.72%.
  • Funding: loans stand at 53.16% of deposits as of Q4 2002.

Financial Results

Return on Assets (quarter, annualized)

0.41%-52 bps YoY

Net Interest Margin (quarter, annualized)

2.52%-122 bps YoY

Efficiency Ratio (quarter, annualized)

77.83%+734 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets0.93%0.68%1.13%0.66%0.41%-52 bps
Return on Equity8.34%6.10%10.13%6.05%3.69%-465 bps
Net Interest Margin3.74%3.44%3.90%3.29%2.52%-122 bps
Efficiency Ratio70.49%74.33%62.94%72.39%77.83%+734 bps
Non-Interest Burden2.32%2.31%2.08%2.09%1.78%-55 bps
Growth
Asset Growth (YoY)3.82%3.61%8.63%-1.81%-2.22%-604 bps
Loan Growth (YoY)6.54%6.16%9.15%10.14%4.51%-204 bps
Deposit Growth (YoY)3.15%3.36%8.57%-0.69%-3.02%-617 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.30%0.06%0.31%1.72%+168 bps
Allowance / Loans1.63%1.61%1.60%1.50%1.18%-45 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 Capital20.63%20.21%20.24%18.62%15.15%-548 bps
Equity / Assets11.15%11.08%11.32%10.31%11.97%+82 bps
Liquidity & Funding
Loans / Deposits49.33%48.58%49.23%53.93%53.16%+383 bps
Liquid Assets / Assets10.74%8.97%7.74%6.97%4.44%-630 bps
CRE / Total Capitaln/an/an/an/an/an/an/a