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Letter portraitLegal landscapeQuarterYTD

State Bank of Kingsville

Kingsville, TX · Cert 2412

FDIC

Q2 2003

$31.7MAssets
$10.8MLoans
$28.1MDeposits
$3.6MEquity
Deposit mix
73%Interest-bearing $20.5M27%Noninterest $7.5MQ2 2002Q2 2003

NIM

7.19%Q2 ’016.35%Q2 ’025.14%Q2 ’03+5%-12%

Non-interest income vs. expense

4.85%Q2 ’014.76%Q2 ’025.37%Q2 ’03-9%+28%

Executive Summary

  • Earnings: ROA of 0.14%, down 140 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.65%.
  • Funding: loans stand at 38.59% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

0.14%-140 bps YoY

Net Interest Margin (YTD, annualized)

4.17%-55 bps YoY

Efficiency Ratio (YTD, annualized)

96.09%+2,162 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets1.55%1.33%1.04%0.36%0.14%-140 bps
Return on Equity15.85%12.99%9.89%3.02%1.22%-1,462 bps
Net Interest Margin4.72%4.96%4.93%4.33%4.17%-55 bps
Efficiency Ratio74.46%77.43%81.75%92.47%96.09%+2,162 bps
Non-Interest Burden3.08%3.46%3.73%3.90%3.95%+87 bps
Growth
Asset Growth (YoY)-2.30%-9.30%-11.86%-8.37%-4.98%-268 bps
Loan Growth (YoY)-13.32%-18.48%-24.36%-15.32%-12.40%+92 bps
Deposit Growth (YoY)-3.46%-11.16%-14.34%-10.69%-5.67%-220 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.19%0.22%1.19%0.65%+53 bps
Allowance / Loans1.42%1.43%1.58%1.30%1.37%-6 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 Capital22.95%23.90%25.92%24.81%23.47%+52 bps
Equity / Assets10.69%11.60%12.10%11.62%11.30%+61 bps
Liquidity & Funding
Loans / Deposits41.55%41.37%38.99%37.78%38.59%-296 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a