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First State Bank

New Braunfels, TX · Cert 2413

FDIC

Q3 2012

$248.6MAssets
$192.9MLoans
$225.7MDeposits
$21.7MEquity
Loan mix
82%RE $126.2M16%C&I $25.2M2%Consumer $3.3MQ3 2011Q3 2012
Deposit mix
76%Interest-bearing $170.4M24%Noninterest $55.3MQ3 2011Q3 2012

NIM

5.62%Q3 ’105.50%Q3 ’115.18%Q3 ’12+1%-2%

Non-interest income vs. expense

3.20%Q3 ’103.20%Q3 ’114.61%Q3 ’12-4%+61%

Executive Summary

  • Earnings: ROA of 0.06%, down 169 bps year over year; NIM at 4.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 85.49% of deposits as of Q3 2012.

Financial Results

Return on Assets (quarter, annualized)

0.06%-169 bps YoY

Net Interest Margin (quarter, annualized)

4.45%-11 bps YoY

Efficiency Ratio (quarter, annualized)

93.29%+3,180 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.75%1.75%1.47%1.42%0.06%-169 bps
Return on Equity16.71%16.41%13.63%12.78%0.58%-1,612 bps
Net Interest Margin4.56%4.47%4.41%4.46%4.45%-11 bps
Efficiency Ratio61.49%60.11%63.88%65.15%93.29%+3,180 bps
Non-Interest Burden2.56%2.49%2.66%2.75%4.12%+156 bps
Growth
Asset Growth (YoY)2.57%-3.44%1.00%0.30%-8.10%-1,067 bps
Loan Growth (YoY)-0.19%-3.00%-3.55%-4.56%-5.85%-566 bps
Deposit Growth (YoY)3.67%-3.02%-0.03%-0.23%-3.62%-728 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.78%0.00%-0.02%0.02%0.09%-69 bps
Allowance / Loans1.18%1.30%1.41%1.51%1.61%+43 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 Capital14.19%14.81%15.37%15.90%11.78%-241 bps
Equity / Assets10.60%10.67%10.93%11.32%8.73%-188 bps
Liquidity & Funding
Loans / Deposits87.52%84.74%84.49%85.18%85.49%-203 bps
Liquid Assets / Assets10.55%13.83%14.41%14.20%9.38%-118 bps
CRE / Total Capitaln/an/an/an/an/an/an/a