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First State Bank in Tuscola

Tuscola, TX · Cert 19641

FDIC

Q4 2013

$22.3MAssets
$7.3MLoans
$20.1MDeposits
$2.0MEquity
Loan mix
51%RE $2.8M21%C&I $1.2M28%Consumer $1.5MQ4 2012Q4 2013
Deposit mix
70%Interest-bearing $14.1M30%Noninterest $6.0MQ4 2012Q4 2013

NIM

3.10%Q4 ’112.80%Q4 ’122.81%Q4 ’13-6%+1%

Non-interest income vs. expense

3.10%Q4 ’113.55%Q4 ’125.19%Q4 ’13+23%+74%

Executive Summary

  • Earnings: ROA of -1.79%, down 195 bps year over year; NIM at 2.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.44%.
  • Funding: loans stand at 36.08% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

-1.79%-195 bps YoY

Net Interest Margin (quarter, annualized)

2.70%+4 bps YoY

Efficiency Ratio (quarter, annualized)

158.99%+5,899 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.16%0.32%0.89%0.49%-1.79%-195 bps
Return on Equity1.71%3.47%9.45%5.17%-19.30%-2,101 bps
Net Interest Margin2.66%2.54%2.77%2.79%2.70%+4 bps
Efficiency Ratio100.00%90.67%74.74%92.42%158.99%+5,899 bps
Non-Interest Burden2.66%2.23%1.88%2.53%4.62%+196 bps
Growth
Asset Growth (YoY)7.04%3.94%-6.74%-5.32%-1.82%-886 bps
Loan Growth (YoY)-5.71%-6.06%4.03%13.59%13.48%+1,918 bps
Deposit Growth (YoY)7.79%3.01%-7.21%-5.49%-1.96%-975 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%-0.11%0.44%+44 bps
Allowance / Loans1.77%1.73%1.62%1.56%1.47%-29 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 Capital20.57%20.47%19.99%19.95%19.00%-158 bps
Equity / Assets9.22%9.43%9.44%9.56%9.05%-17 bps
Liquidity & Funding
Loans / Deposits31.18%33.79%34.85%37.57%36.08%+491 bps
Liquid Assets / Assets51.75%48.10%40.14%36.49%41.35%-1,040 bps
CRE / Total Capitaln/an/an/an/an/an/an/a