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Texas First Bank

Santa Fe, TX · Cert 22420

FDIC

Q1 2011

$233.5MAssets
$151.3MLoans
$210.1MDeposits
$21.2MEquity
Loan mix
88%RE $129.4M7%C&I $10.0M5%Consumer $7.9MQ1 2010Q1 2011
Deposit mix
72%Interest-bearing $151.8M28%Noninterest $58.3MQ1 2010Q1 2011

NIM

5.94%Q1 ’095.56%Q1 ’105.27%Q1 ’11-1%-1%

Non-interest income vs. expense

3.79%Q1 ’093.78%Q1 ’103.88%Q1 ’11+1%+6%

Executive Summary

  • Earnings: ROA of 0.94%, up 3 bps year over year; NIM at 4.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 72.00% of deposits as of Q1 2011.

Financial Results

Return on Assets (quarter, annualized)

0.94%+3 bps YoY

Net Interest Margin (quarter, annualized)

4.58%-5 bps YoY

Efficiency Ratio (quarter, annualized)

70.50%+326 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets0.92%-0.24%0.19%0.41%0.94%+3 bps
Return on Equity10.05%-2.68%2.18%4.74%10.68%+63 bps
Net Interest Margin4.63%4.67%4.19%5.14%4.58%-5 bps
Efficiency Ratio67.24%70.50%78.26%75.57%70.50%+326 bps
Non-Interest Burden2.79%2.98%3.08%3.66%2.96%+17 bps
Growth
Asset Growth (YoY)-2.27%3.38%-0.12%-1.84%4.08%+635 bps
Loan Growth (YoY)4.77%16.54%19.19%19.14%17.14%+1,236 bps
Deposit Growth (YoY)-1.31%3.57%-0.10%-1.94%4.48%+578 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.53%3.12%0.96%1.12%0.04%-48 bps
Allowance / Loans1.90%1.76%1.78%1.79%1.88%-2 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 Capital13.98%12.57%12.75%12.65%13.38%-60 bps
Equity / Assets9.64%8.46%8.56%8.61%9.07%-57 bps
Liquidity & Funding
Loans / Deposits64.22%64.76%68.26%70.91%72.00%+778 bps
Liquid Assets / Assets15.22%16.34%12.98%14.15%18.45%+323 bps
CRE / Total Capitaln/an/an/an/an/an/an/a