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San Angelo National Bank

San Angelo, TX · Cert 22105

FDIC

Q3 2012

$447.3MAssets
$156.1MLoans
$385.9MDeposits
$52.2MEquity
Loan mix
56%RE $70.1M31%C&I $38.9M12%Consumer $15.1MQ3 2011Q3 2012
Deposit mix
62%Interest-bearing $237.7M38%Noninterest $148.2MQ3 2011Q3 2012

NIM

4.65%Q3 ’104.20%Q3 ’113.69%Q3 ’12-5%-10%

Non-interest income vs. expense

2.44%Q3 ’102.15%Q3 ’111.95%Q3 ’12-17%-15%

Executive Summary

  • Earnings: ROA of 2.00%, down 6 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 40.45% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

2.00%-6 bps YoY

Net Interest Margin (quarter, annualized)

3.57%-41 bps YoY

Efficiency Ratio (quarter, annualized)

42.80%-20 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets2.06%1.86%1.81%1.84%2.00%-6 bps
Return on Equity16.12%14.88%15.04%15.65%17.08%+96 bps
Net Interest Margin3.98%3.86%3.71%3.63%3.57%-41 bps
Efficiency Ratio43.00%43.85%44.20%44.16%42.80%-20 bps
Non-Interest Burden1.13%1.21%1.16%1.10%0.96%-16 bps
Growth
Asset Growth (YoY)9.57%9.50%10.71%12.45%9.78%+21 bps
Loan Growth (YoY)-2.35%-2.03%1.87%1.19%9.93%+1,228 bps
Deposit Growth (YoY)11.00%8.77%13.43%9.13%12.70%+171 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.39%0.02%0.23%0.05%+4 bps
Allowance / Loans1.79%1.73%1.85%1.71%1.57%-22 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 Capital19.18%18.25%18.68%17.26%17.43%-175 bps
Equity / Assets12.76%12.27%11.85%11.70%11.67%-109 bps
Liquidity & Funding
Loans / Deposits41.47%40.53%37.26%39.44%40.45%-102 bps
Liquid Assets / Assets3.44%1.30%2.32%0.18%1.84%-160 bps
CRE / Total Capitaln/an/an/an/an/an/an/a