PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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 $0.1MQ1 2007Q4 2008
Deposit mix
72%Interest-bearing $127.2M28%Noninterest $50.0MQ1 2007Q4 2008

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.

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
n/a

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%

Year to date, annualized, through each quarter.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets2.13%1.60%1.57%1.53%1.27%1.32%0.10%0.33%-121 bps
Return on Equity20.45%16.09%16.07%15.59%13.08%13.72%0.85%2.39%-1,320 bps
Net Interest Margin4.81%4.70%4.71%4.64%4.22%3.99%0.40%1.13%-351 bps
Efficiency Ratio60.24%63.06%64.47%65.73%71.28%72.58%73.11%72.98%+725 bps
Non-Interest Burden2.14%2.40%2.52%2.58%2.58%2.54%0.30%0.84%-174 bps
Growth
Asset Growth (YoY)8.91%7.86%9.11%4.96%9.86%7.55%40.09%33.52%+2,856 bps
Loan Growth (YoY)1.80%-5.91%-2.77%-1.69%-3.73%-3.85%-4.50%-0.22%+147 bps
Deposit Growth (YoY)9.66%10.28%9.43%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.35%0.19%0.26%0.19%0.36%0.24%0.27%0.23%+4 bps
Allowance / Loans1.00%1.07%0.95%0.96%0.91%0.92%1.43%1.32%+37 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital14.09%15.85%13.24%15.75%15.27%13.41%13.40%12.28%-347 bps
Equity / Assets10.29%8.95%9.46%10.01%9.47%9.30%18.26%18.78%+877 bps
Liquidity & Funding
Loans / Deposits60.11%56.13%57.27%58.01%51.84%49.99%42.91%53.87%-415 bps
Liquid Assets / Assets0.60%0.50%0.44%0.38%2.79%2.78%1.90%0.01%-37 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a