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Letter portraitLegal landscapeQuarterYTD

First National Bank of Amarillo, The

Amarillo, TX · Cert 19427

FDIC

Q2 2002

$365.6MAssets
$280.6MLoans
$278.4MDeposits
$83.1MEquity
Deposit mix
72%Interest-bearing $200.6M28%Noninterest $77.7MQ2 2001Q2 2002

NIM

7.92%Q1 ’017.47%Q2 ’01-1.73%Q2 ’02+2%-115%

Non-interest income vs. expense

2.60%Q1 ’013.13%Q2 ’01-0.57%Q2 ’02+24%-118%

Executive Summary

  • Earnings: ROA of -0.24%, down 328 bps year over year; NIM at -0.74%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.21%.
  • Funding: loans stand at 100.82% of deposits as of Q2 2002.

Financial Results

Return on Assets (quarter, annualized)

-0.24%-328 bps YoY

Net Interest Margin (quarter, annualized)

-0.74%-578 bps YoY

Efficiency Ratio (quarter, annualized)

54.83%+281 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets3.04%1.69%1.62%1.36%-0.24%-328 bps
Return on Equity20.95%11.58%10.84%8.70%-1.26%-2,221 bps
Net Interest Margin5.05%4.86%4.35%3.91%-0.74%-578 bps
Efficiency Ratio52.02%54.25%53.26%56.39%54.83%+281 bps
Non-Interest Burden2.16%2.20%1.87%1.81%-0.40%-256 bps
Growth
Asset Growth (YoY)11.10%3.06%-3.41%-2.26%0.04%-1,106 bps
Loan Growth (YoY)7.93%8.10%-2.62%-8.34%-11.19%-1,913 bps
Deposit Growth (YoY)8.11%-4.81%5.59%4.65%-3.51%-1,163 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-2.78%0.06%0.62%0.21%-0.21%+257 bps
Allowance / Loans1.97%1.87%1.80%1.86%5.65%+368 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 Capital18.11%17.24%18.60%19.81%17.91%-20 bps
Equity / Assets14.66%14.60%15.24%16.00%22.73%+807 bps
Liquidity & Funding
Loans / Deposits109.54%124.31%105.24%103.06%100.82%-872 bps
Liquid Assets / Assets0.01%0.00%0.00%0.01%0.00%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a