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Weatherford National Bank

Weatherford, TX · Cert 25273

FDIC

Q3 2012

$395.1MAssets
$167.8MLoans
$326.3MDeposits
$42.4MEquity
Loan mix
78%RE $115.3M14%C&I $21.2M8%Consumer $12.3MQ3 2011Q3 2012
Deposit mix
61%Interest-bearing $198.9M39%Noninterest $127.3MQ3 2011Q3 2012

NIM

4.56%Q3 ’104.25%Q3 ’113.90%Q3 ’12-1%-6%

Non-interest income vs. expense

3.06%Q3 ’102.97%Q3 ’112.86%Q3 ’12+7%0%

Executive Summary

  • Earnings: ROA of 1.58%, up 12 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 51.44% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

1.58%+12 bps YoY

Net Interest Margin (YTD, annualized)

3.79%-23 bps YoY

Efficiency Ratio (YTD, annualized)

57.77%+160 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets1.47%1.51%1.51%1.51%1.58%+12 bps
Return on Equity14.96%15.28%14.92%14.78%15.27%+31 bps
Net Interest Margin4.02%3.96%3.82%3.78%3.79%-23 bps
Efficiency Ratio56.17%56.06%57.79%58.03%57.77%+160 bps
Non-Interest Burden1.70%1.67%1.68%1.73%1.70%-1 bps
Growth
Asset Growth (YoY)9.01%10.19%-0.43%4.73%3.73%-528 bps
Loan Growth (YoY)-0.58%-1.05%4.46%4.86%12.75%+1,334 bps
Deposit Growth (YoY)9.09%8.17%-3.20%2.33%0.86%-824 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.19%0.89%0.33%0.31%0.03%-115 bps
Allowance / Loans2.68%2.54%2.46%2.39%2.40%-29 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 Capital16.56%16.09%16.27%16.04%16.43%-13 bps
Equity / Assets10.49%10.03%10.26%10.43%10.74%+25 bps
Liquidity & Funding
Loans / Deposits46.02%45.27%47.72%48.07%51.44%+543 bps
Liquid Assets / Assets2.48%5.09%2.64%2.81%1.98%-51 bps
CRE / Total Capitaln/an/an/an/an/an/an/a