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Wood County National Bank

Quitman, TX · Cert 23739

FDIC

Q4 2011

$64.2MAssets
$39.9MLoans
$55.9MDeposits
$8.0MEquity
Loan mix
76%RE $26.0M7%C&I $2.6M17%Consumer $5.7MQ4 2010Q4 2011
Deposit mix
82%Interest-bearing $45.9M18%Noninterest $10.1MQ4 2010Q4 2011

NIM

4.68%Q4 ’094.28%Q4 ’104.53%Q4 ’11+3%+8%

Non-interest income vs. expense

4.67%Q4 ’094.77%Q4 ’104.86%Q4 ’11-1%+16%

Executive Summary

  • Earnings: ROA of 0.06%, down 52 bps year over year; NIM at 3.91%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.51%.
  • Funding: loans stand at 71.35% of deposits as of Q4 2011.

Financial Results

Return on Assets (YTD, annualized)

0.06%-52 bps YoY

Net Interest Margin (YTD, annualized)

3.91%+31 bps YoY

Efficiency Ratio (YTD, annualized)

86.37%+221 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2010Q1 2011Q2 2011Q3 2011Q4 2011YoY ΔTrend
Earnings
Return on Assets0.59%0.32%0.45%0.46%0.06%-52 bps
Return on Equity4.68%2.63%3.66%3.70%0.51%-418 bps
Net Interest Margin3.61%3.60%3.67%3.93%3.91%+31 bps
Efficiency Ratio84.16%89.60%86.32%81.46%86.37%+221 bps
Non-Interest Burden2.71%3.06%2.95%2.90%3.15%+44 bps
Growth
Asset Growth (YoY)0.52%3.25%5.77%5.80%-1.48%-200 bps
Loan Growth (YoY)3.88%10.49%14.06%7.46%2.23%-165 bps
Deposit Growth (YoY)0.18%3.59%6.26%6.45%-1.26%-144 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.28%0.28%0.48%0.51%+29 bps
Allowance / Loans1.20%1.22%1.24%1.43%1.82%+62 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 Capital18.29%18.34%17.99%17.37%17.89%-39 bps
Equity / Assets12.31%12.27%12.42%12.27%12.48%+17 bps
Liquidity & Funding
Loans / Deposits68.91%67.84%71.12%72.52%71.35%+244 bps
Liquid Assets / Assets13.20%12.63%9.23%12.69%13.78%+58 bps
CRE / Total Capitaln/an/an/an/an/an/an/a