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Town and Country Bank

Stephenville, TX · Cert 22617

FDIC

Q4 2012

$220.6MAssets
$80.0MLoans
$197.4MDeposits
$22.7MEquity
Loan mix
77%RE $53.5M10%C&I $7.2M12%Consumer $8.5MQ4 2011Q4 2012
Deposit mix
60%Interest-bearing $117.8M40%Noninterest $79.6MQ4 2011Q4 2012

NIM

3.86%Q4 ’103.57%Q4 ’113.13%Q4 ’12-4%-10%

Non-interest income vs. expense

3.32%Q4 ’103.16%Q4 ’112.97%Q4 ’12-15%-7%

Executive Summary

  • Earnings: ROA of 1.30%, down 5 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 40.52% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

1.30%-5 bps YoY

Net Interest Margin (YTD, annualized)

2.93%-32 bps YoY

Efficiency Ratio (YTD, annualized)

70.43%+206 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets1.35%1.42%1.37%1.38%1.30%-5 bps
Return on Equity13.51%13.40%12.89%12.93%12.31%-121 bps
Net Interest Margin3.25%3.23%3.14%3.09%2.93%-32 bps
Efficiency Ratio68.37%68.93%69.24%69.28%70.43%+206 bps
Non-Interest Burden1.82%1.85%1.79%1.74%1.69%-13 bps
Growth
Asset Growth (YoY)7.86%10.95%8.33%7.80%12.87%+501 bps
Loan Growth (YoY)-7.04%-2.03%-1.86%2.25%5.43%+1,247 bps
Deposit Growth (YoY)5.94%9.86%7.57%7.49%13.74%+780 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%-0.01%-0.02%-0.02%0.01%-11 bps
Allowance / Loans1.87%1.93%1.94%2.01%1.93%+6 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 Capital22.24%22.57%22.69%23.25%22.92%+68 bps
Equity / Assets10.79%10.44%10.58%10.84%10.30%-49 bps
Liquidity & Funding
Loans / Deposits43.71%41.79%41.85%41.60%40.52%-319 bps
Liquid Assets / Assets10.24%13.75%12.69%14.50%17.85%+762 bps
CRE / Total Capitaln/an/an/an/an/an/an/a