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First Bank

Azle, TX · Cert 23588

FDIC

Q4 2008

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 2008, the quarter ended December 31, 2008, 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

First Bank

Azle, TX · Cert 23588

FDIC

Q4 2008

$249.5MAssets
$95.5MLoans
$177.2MDeposits
$46.9MEquity
Loan mix
71%RE $32.8M29%C&I $13.5M0%Consumer $0.1MQ4 2007Q4 2008
Deposit mix
72%Interest-bearing $127.2M28%Noninterest $50.0MQ4 2007Q4 2008

NIM

6.26%Q4 ’066.34%Q4 ’071.49%Q4 ’08-5%-76%

Non-interest income vs. expense

4.26%Q4 ’063.94%Q4 ’071.17%Q4 ’08-11%-67%

Executive Summary

  • Earnings: ROA of 0.33%, down 121 bps year over year; NIM at 1.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 53.87% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

0.33%-121 bps YoY

Net Interest Margin (YTD, annualized)

1.13%-351 bps YoY

Efficiency Ratio (YTD, annualized)

72.98%+725 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets1.53%1.27%1.32%0.10%0.33%-121 bps
Return on Equity15.59%13.08%13.72%0.85%2.39%-1,320 bps
Net Interest Margin4.64%4.22%3.99%0.40%1.13%-351 bps
Efficiency Ratio65.73%71.28%72.58%73.11%72.98%+725 bps
Non-Interest Burden2.58%2.58%2.54%0.30%0.84%-174 bps
Growth
Asset Growth (YoY)4.96%9.86%7.55%40.09%33.52%+2,856 bps
Loan Growth (YoY)-1.69%-3.73%-3.85%-4.50%-0.22%+147 bps
Deposit Growth (YoY)6.20%11.63%7.96%27.45%7.46%+126 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.36%0.24%0.27%0.23%+4 bps
Allowance / Loans0.96%0.91%0.92%1.43%1.32%+37 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 Capital15.75%15.27%13.41%13.40%12.28%-347 bps
Equity / Assets10.01%9.47%9.30%18.26%18.78%+877 bps
Liquidity & Funding
Loans / Deposits58.01%51.84%49.99%42.91%53.87%-415 bps
Liquid Assets / Assets0.38%2.79%2.78%1.90%0.01%-37 bps
CRE / Total Capitaln/an/an/an/an/an/an/a