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First Bank of Texas

Tomball, TX · Cert 23883

FDIC

Q1 2002

$166.8MAssets
$81.3MLoans
$142.9MDeposits
$11.6MEquity
Loan mix
67%RE $26.3M32%C&I $12.5M1%Consumer $0.3MQ1 2001Q1 2002
Deposit mix
74%Interest-bearing $105.5M26%Noninterest $37.4MQ1 2001Q1 2002

NIM

7.47%Q1 ’013.94%Q1 ’02-47%

Non-interest income vs. expense

4.17%Q1 ’013.95%Q1 ’02+4%

Executive Summary

  • Earnings: ROA of -0.25%, down 146 bps year over year; NIM at 2.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.13%.
  • Funding: loans stand at 56.90% of deposits as of Q1 2002.

Financial Results

Return on Assets (YTD, annualized)

-0.25%-146 bps YoY

Net Interest Margin (YTD, annualized)

2.41%-215 bps YoY

Efficiency Ratio (YTD, annualized)

97.61%+2,954 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets1.21%1.33%1.27%-0.02%-0.25%-146 bps
Return on Equityn/an/an/an/a-3.78%n/an/a
Net Interest Margin4.56%4.23%4.28%0.13%2.41%-215 bps
Efficiency Ratio68.08%65.46%66.77%109.07%97.61%+2,954 bps
Non-Interest Burden2.61%2.21%2.35%0.15%2.70%+10 bps
Growth
Asset Growth (YoY)14.77%14.61%19.90%22.25%3.12%-1,164 bps
Loan Growth (YoY)8.65%13.32%15.59%12.46%0.51%-814 bps
Deposit Growth (YoY)18.80%14.17%19.56%24.24%-2.61%-2,142 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.07%0.07%0.27%-0.13%-28 bps
Allowance / Loans1.03%1.00%1.01%0.84%0.95%-8 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 Capital12.53%11.59%12.16%14.13%7.04%-550 bps
Equity / Assets7.81%7.65%7.88%6.39%6.95%-86 bps
Liquidity & Funding
Loans / Deposits55.13%56.24%56.72%52.50%56.90%+177 bps
Liquid Assets / Assets3.46%3.07%2.54%0.00%0.00%-346 bps
CRE / Total Capitaln/an/an/an/an/an/an/a