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Arvest State Bank

Tulsa, OK · Cert 25661

FDIC

Q1 2002

$596.8MAssets
$476.7MLoans
$532.4MDeposits
$46.1MEquity
Loan mix
61%RE $123.9M37%C&I $74.6M2%Consumer $4.8MQ1 2001Q1 2002
Deposit mix
77%Interest-bearing $410.1M23%Noninterest $122.4MQ1 2001Q1 2002

NIM

7.77%Q1 ’016.32%Q1 ’02+11%

Non-interest income vs. expense

5.45%Q1 ’015.46%Q1 ’02-12%

Executive Summary

  • Earnings: ROA of 1.56%, up 57 bps year over year; NIM at 5.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.48%.
  • Funding: loans stand at 89.54% of deposits as of Q1 2002.

Financial Results

Return on Assets (YTD, annualized)

1.56%+57 bps YoY

Net Interest Margin (YTD, annualized)

5.00%+49 bps YoY

Efficiency Ratio (YTD, annualized)

65.18%-680 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 Assets0.99%1.29%1.40%1.46%1.56%+57 bps
Return on Equityn/an/an/an/a19.99%n/an/a
Net Interest Margin4.50%4.55%4.72%4.82%5.00%+49 bps
Efficiency Ratio71.98%70.18%69.23%68.78%65.18%-680 bps
Non-Interest Burden2.38%2.22%2.22%2.22%2.10%-28 bps
Growth
Asset Growth (YoY)6.26%3.57%0.86%0.50%-1.45%-772 bps
Loan Growth (YoY)13.12%11.06%7.85%6.82%4.08%-904 bps
Deposit Growth (YoY)6.89%3.64%2.50%4.54%1.91%-498 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.23%0.27%0.24%0.48%+28 bps
Allowance / Loans1.27%1.28%1.27%1.30%1.34%+7 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 Capital10.07%10.57%10.49%10.70%10.47%+40 bps
Equity / Assets7.09%7.51%7.90%7.91%7.72%+63 bps
Liquidity & Funding
Loans / Deposits87.67%88.20%90.14%90.00%89.54%+187 bps
Liquid Assets / Assets0.20%0.17%0.13%0.03%0.02%-18 bps
CRE / Total Capitaln/an/an/an/an/an/an/a