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Lubbock National Bank

Lubbock, TX · Cert 22752

FDIC · 12 branches

Q4 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2018, the quarter ended December 31, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Lubbock National Bank

Lubbock, TX · Cert 22752

FDIC · 12 branches

Q4 2018

$1.1BAssets
$672.1MLoans
$922.3MDeposits
$105.7MEquity
Loan mix
61%RE $321.7M27%C&I $144.7M12%Consumer $62.8MQ4 2017Q4 2018
Deposit mix
79%Interest-bearing $732.3M21%Noninterest $190.1MQ4 2017Q4 2018

NIM

3.61%Q4 ’163.66%Q4 ’174.15%Q4 ’180%+9%

Non-interest income vs. expense

2.37%Q4 ’162.45%Q4 ’172.37%Q4 ’18+8%-3%

Market Position · Lubbock, TX · 2018 SOD (annual) · 7.9% share · #6 of 27 inst. · $0.7B of $8.7B

8.1% Lubbock
3.1% Brazos
0.3% Travis

Executive Summary

  • Earnings: ROA of 1.18%, up 75 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.32% of loans (-7 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 10.35%, up 104 bps from a year ago.
  • Funding: loans stand at 72.87% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

1.18%+75 bps YoY

Net Interest Margin (YTD, annualized)

3.36%+27 bps YoY

Efficiency Ratio (YTD, annualized)

60.93%-647 bps YoY

Tier 1 Leverage Ratio

10.35%+104 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets0.44%1.09%1.09%1.12%1.18%+75 bps
Return on Equity4.53%11.84%11.87%12.14%12.67%+814 bps
Net Interest Margin3.09%3.25%3.23%3.28%3.36%+27 bps
Efficiency Ratio67.40%62.14%61.71%61.07%60.93%-647 bps
Non-Interest Burden1.91%1.82%1.80%1.80%1.84%-6 bps
Growth
Asset Growth (YoY)10.29%1.29%2.22%-1.00%1.79%-850 bps
Loan Growth (YoY)12.42%8.55%6.64%7.64%15.34%+292 bps
Deposit Growth (YoY)4.48%-3.09%3.69%5.99%9.90%+542 bps
Asset Quality
Nonperforming Loans / Loans0.39%0.37%0.31%0.34%0.32%-7 bps
Net Charge-Offs / Loans1.12%0.02%0.03%0.05%0.08%-104 bps
Allowance / Loans1.21%1.28%1.31%1.32%1.19%-2 bps
Allowance Coverage of NPLs3.1x3.5x4.2x3.9x3.8x+0.6x
Capital
Tier 1 Leverage Ratio9.31%9.57%9.71%9.99%10.35%+104 bps
Total Risk-Based Capital15.90%16.11%16.00%15.81%15.29%-61 bps
Equity / Assets9.32%9.08%9.08%9.38%9.74%+42 bps
Liquidity & Funding
Loans / Deposits69.43%69.66%66.56%68.22%72.87%+344 bps
Liquid Assets / Assets3.59%5.11%3.90%1.29%0.70%-289 bps
CRE / Total Capitaln/an/an/an/an/an/an/a