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Western National Bank

Odessa, TX · Cert 22482

FDIC

Q1 2014

$1.5BAssets
$679.2MLoans
$1.3BDeposits
$94.7MEquity
Loan mix
34%RE $227.3M65%C&I $433.6M1%Consumer $5.7MQ1 2013Q1 2014
Deposit mix
52%Interest-bearing $697.3M48%Noninterest $645.6MQ1 2013Q1 2014

NIM

3.65%Q1 ’123.28%Q1 ’132.42%Q1 ’14-7%-27%

Non-interest income vs. expense

1.77%Q1 ’121.64%Q1 ’131.47%Q1 ’14-17%-2%

Executive Summary

  • Earnings: ROA of 1.37%, down 54 bps year over year; NIM at 2.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 50.57% of deposits as of Q1 2014.

Financial Results

Return on Assets (quarter, annualized)

1.37%-54 bps YoY

Net Interest Margin (quarter, annualized)

2.27%-82 bps YoY

Efficiency Ratio (quarter, annualized)

58.37%+1,134 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014YoY ΔTrend
Earnings
Return on Assets1.91%2.36%-4.07%1.54%1.37%-54 bps
Return on Equity21.90%29.33%-56.94%21.76%19.72%-218 bps
Net Interest Margin3.09%3.06%2.73%2.23%2.27%-82 bps
Efficiency Ratio47.03%44.85%52.37%56.77%58.37%+1,134 bps
Non-Interest Burden1.24%1.23%1.30%1.15%1.22%-2 bps
Growth
Asset Growth (YoY)16.20%15.44%22.07%7.52%4.53%-1,167 bps
Loan Growth (YoY)5.08%-3.86%-3.89%9.22%3.77%-131 bps
Deposit Growth (YoY)15.62%14.39%27.56%10.63%9.80%-582 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%-0.81%-2.16%-0.58%-0.01%+3 bps
Allowance / Loans1.46%1.38%1.33%1.12%0.97%-48 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 Capital15.63%15.64%16.14%15.78%13.77%-186 bps
Equity / Assets8.66%7.46%6.85%7.35%6.48%-218 bps
Liquidity & Funding
Loans / Deposits53.51%52.84%46.90%51.18%50.57%-294 bps
Liquid Assets / Assets3.62%3.19%42.08%38.24%36.75%+3,313 bps
CRE / Total Capitaln/an/an/an/an/an/an/a