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Letter portraitLegal landscapeQuarterYTD

Abrams Centre National Bank

Dallas, TX · Cert 25002

FDIC

Q1 2003

$96.5MAssets
$31.7MLoans
$70.8MDeposits
$14.0MEquity
Deposit mix
65%Interest-bearing $45.9M35%Noninterest $24.9MQ1 2002Q1 2003

NIM

7.01%Q1 ’016.30%Q1 ’025.20%Q1 ’03+14%-21%

Non-interest income vs. expense

3.80%Q1 ’013.07%Q1 ’023.57%Q1 ’03-89%+664%

Executive Summary

  • Earnings: ROA of 0.75%, down 189 bps year over year; NIM at 4.02%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 5.78%.
  • Funding: loans stand at 44.78% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

0.75%-189 bps YoY

Net Interest Margin (YTD, annualized)

4.02%-104 bps YoY

Efficiency Ratio (YTD, annualized)

72.79%+3,333 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets2.64%1.87%1.60%1.40%0.75%-189 bps
Return on Equity19.25%13.40%11.38%9.83%5.13%-1,412 bps
Net Interest Margin5.06%5.18%5.11%4.92%4.02%-104 bps
Efficiency Ratio39.46%48.53%52.00%55.92%72.79%+3,333 bps
Non-Interest Burden0.35%1.64%2.01%2.24%2.69%+233 bps
Growth
Asset Growth (YoY)-7.61%-9.47%-5.66%-9.02%3.25%+1,087 bps
Loan Growth (YoY)16.93%3.43%-2.24%-16.36%-44.40%-6,133 bps
Deposit Growth (YoY)-18.85%-10.80%-2.35%-8.93%12.08%+3,094 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.72%0.37%0.33%0.36%5.78%+506 bps
Allowance / Loans1.60%1.94%2.16%2.18%2.03%+44 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 Capital18.11%18.27%19.45%19.92%27.82%+971 bps
Equity / Assets14.73%14.45%14.47%14.85%14.53%-19 bps
Liquidity & Funding
Loans / Deposits90.27%76.81%68.14%73.28%44.78%-4,549 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