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South Texas National Bank of Laredo

Laredo, TX · Cert 22563

FDIC

Q3 2005

$664.7MAssets
$282.0MLoans
$568.7MDeposits
$77.1MEquity
Loan mix
55%RE $64.4M45%C&I $52.6M0%Consumer $0.6MQ3 2004Q3 2005
Deposit mix
68%Interest-bearing $388.6M32%Noninterest $180.1MQ3 2004Q3 2005

NIM

4.10%Q3 ’034.75%Q3 ’045.21%Q3 ’05+22%-1%

Non-interest income vs. expense

2.72%Q3 ’032.78%Q3 ’042.52%Q3 ’05+3%-8%

Executive Summary

  • Earnings: ROA of 1.23%, up 7 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.25%.
  • Funding: loans stand at 49.59% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

1.23%+7 bps YoY

Net Interest Margin (quarter, annualized)

3.61%-5 bps YoY

Efficiency Ratio (quarter, annualized)

55.37%-307 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.16%1.17%0.94%-0.11%1.23%+7 bps
Return on Equity10.56%10.31%8.29%-0.95%10.65%+9 bps
Net Interest Margin3.67%3.54%3.39%-0.85%3.61%-5 bps
Efficiency Ratio58.44%57.44%64.46%57.65%55.37%-307 bps
Non-Interest Burden1.76%1.67%1.85%-0.65%1.63%-13 bps
Growth
Asset Growth (YoY)0.61%0.36%2.40%2.98%6.06%+545 bps
Loan Growth (YoY)-0.58%-2.14%-3.58%-2.24%-4.20%-362 bps
Deposit Growth (YoY)-0.57%-0.72%2.36%2.16%6.16%+674 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.39%0.15%0.21%0.25%+18 bps
Allowance / Loans1.37%1.36%1.43%1.45%1.50%+13 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 Capital16.37%16.70%17.30%18.11%18.92%+255 bps
Equity / Assets11.40%11.39%11.28%11.42%11.60%+20 bps
Liquidity & Funding
Loans / Deposits54.96%53.20%51.51%50.74%49.59%-537 bps
Liquid Assets / Assets3.26%2.10%1.61%1.36%1.34%-192 bps
CRE / Total Capitaln/an/an/an/an/an/an/a