PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

4.02%Q4 ’103.53%Q4 ’113.08%Q4 ’12-8%-12%

Non-interest income vs. expense

3.26%Q4 ’103.21%Q4 ’113.10%Q4 ’12-6%-4%

Executive Summary

  • Earnings: ROA of 1.10%, down 29 bps year over year; NIM at 2.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 40.52% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

1.10%-29 bps YoY

Net Interest Margin (quarter, annualized)

2.86%-40 bps YoY

Efficiency Ratio (quarter, annualized)

73.87%+532 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets1.39%1.42%1.31%1.40%1.10%-29 bps
Return on Equity13.04%13.40%12.42%13.08%10.41%-263 bps
Net Interest Margin3.27%3.23%3.11%3.06%2.86%-40 bps
Efficiency Ratio68.55%68.93%69.54%69.36%73.87%+532 bps
Non-Interest Burden1.83%1.85%1.75%1.70%1.77%-7 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 / Loans0.08%-0.01%-0.03%-0.01%0.10%+2 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