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Bank of Frio Canyon

Leakey, TX · Cert 21158

FDIC

Q3 2006

$30.0MAssets
$13.3MLoans
$26.4MDeposits
$3.6MEquity
Deposit mix
71%Interest-bearing $18.8M29%Noninterest $7.6MQ3 2005Q3 2006

NIM

4.44%Q3 ’044.98%Q3 ’055.52%Q3 ’06+7%+3%

Non-interest income vs. expense

2.54%Q3 ’042.72%Q3 ’052.85%Q3 ’06+9%+7%

Executive Summary

  • Earnings: ROA of 0.82%, down 1 bps year over year; NIM at 3.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Funding: loans stand at 50.37% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

0.82%-1 bps YoY

Net Interest Margin (quarter, annualized)

3.70%+10 bps YoY

Efficiency Ratio (quarter, annualized)

71.19%+220 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.83%0.95%0.60%0.80%0.82%-1 bps
Return on Equity7.65%8.47%5.09%6.76%6.99%-66 bps
Net Interest Margin3.60%3.70%3.45%3.58%3.70%+10 bps
Efficiency Ratio68.99%67.06%78.52%73.58%71.19%+220 bps
Non-Interest Burden2.38%2.30%2.65%2.52%2.55%+17 bps
Growth
Asset Growth (YoY)-4.43%-4.34%-8.12%-6.20%-6.39%-196 bps
Loan Growth (YoY)-7.74%-9.12%-6.52%-9.49%-7.33%+41 bps
Deposit Growth (YoY)-5.17%-5.10%-9.79%-6.99%-7.45%-228 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.34%0.06%0.03%0.09%0.27%-6 bps
Allowance / Loans1.36%1.42%1.48%1.54%1.59%+23 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 Capital26.03%27.95%29.01%28.54%28.99%+296 bps
Equity / Assets10.83%11.60%12.03%11.65%11.83%+101 bps
Liquidity & Funding
Loans / Deposits50.30%52.89%54.29%53.22%50.37%+6 bps
Liquid Assets / Assets5.83%7.51%7.71%7.75%6.84%+100 bps
CRE / Total Capitaln/an/an/an/an/an/an/a