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McMullen Bank

Tilden, TX · Cert 22393

FDIC

Q2 2006

$46.9MAssets
$13.2MLoans
$44.4MDeposits
$2.4MEquity
Deposit mix
81%Interest-bearing $36.0M19%Noninterest $8.4MQ2 2005Q2 2006

NIM

4.35%Q2 ’044.10%Q2 ’054.37%Q2 ’06-15%+5%

Non-interest income vs. expense

5.05%Q2 ’044.71%Q2 ’054.15%Q2 ’06-8%-11%

Executive Summary

  • Earnings: ROA of -0.31%, up 94 bps year over year; NIM at 3.14%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 29.64% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

-0.31%+94 bps YoY

Net Interest Margin (YTD, annualized)

3.14%+16 bps YoY

Efficiency Ratio (YTD, annualized)

112.12%-1,725 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets-1.26%-0.83%-0.99%-0.27%-0.31%+94 bps
Return on Equity-14.76%-9.91%-12.09%-3.84%-4.97%+979 bps
Net Interest Margin2.98%3.08%3.07%3.25%3.14%+16 bps
Efficiency Ratio129.37%126.84%125.08%112.89%112.12%-1,725 bps
Non-Interest Burden4.05%4.08%4.00%3.74%3.59%-46 bps
Growth
Asset Growth (YoY)-7.28%-1.04%5.57%3.43%34.81%+4,209 bps
Loan Growth (YoY)-9.19%-12.50%-12.20%-10.94%-19.46%-1,027 bps
Deposit Growth (YoY)-8.48%-0.32%7.67%4.79%41.25%+4,973 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.44%0.28%0.17%-0.24%-0.03%-47 bps
Allowance / Loans1.09%0.70%0.77%0.69%0.73%-37 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 Capital16.03%16.03%15.52%15.14%14.29%-174 bps
Equity / Assets8.34%8.00%7.34%6.88%5.11%-323 bps
Liquidity & Funding
Loans / Deposits51.98%47.41%44.55%43.36%29.64%-2,234 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a