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Founders National Bank-Skillman

Dallas, TX · Cert 25834

FDIC

Q1 2003

$114.8MAssets
$82.0MLoans
$103.7MDeposits
$10.6MEquity
Deposit mix
78%Interest-bearing $80.4M22%Noninterest $23.3MQ1 2002Q1 2003

NIM

8.09%Q1 ’017.00%Q1 ’026.34%Q1 ’03-5%-5%

Non-interest income vs. expense

3.05%Q1 ’013.21%Q1 ’022.90%Q1 ’03+5%-11%

Executive Summary

  • Earnings: ROA of 1.01%, up 6 bps year over year; NIM at 3.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.34%.
  • Funding: loans stand at 79.08% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

1.01%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.98%-19 bps YoY

Efficiency Ratio (YTD, annualized)

64.74%-360 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 Assets0.96%1.00%1.10%1.02%1.01%+6 bps
Return on Equity11.67%12.00%12.99%11.88%11.18%-50 bps
Net Interest Margin4.18%4.18%4.19%4.02%3.98%-19 bps
Efficiency Ratio68.34%67.65%66.76%67.40%64.74%-360 bps
Non-Interest Burden2.69%2.66%2.63%2.55%2.40%-29 bps
Growth
Asset Growth (YoY)-1.51%0.00%2.79%5.18%3.55%+506 bps
Loan Growth (YoY)16.06%9.69%7.00%4.47%3.58%-1,249 bps
Deposit Growth (YoY)-0.82%0.46%1.80%4.50%2.47%+329 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.24%0.12%0.11%0.16%0.34%+10 bps
Allowance / Loans1.09%1.14%1.09%1.09%1.08%-1 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 Capital12.05%12.49%12.53%12.68%13.11%+105 bps
Equity / Assets8.29%8.64%8.96%8.85%9.27%+98 bps
Liquidity & Funding
Loans / Deposits78.23%78.18%81.85%78.27%79.08%+84 bps
Liquid Assets / Assets0.04%0.04%0.04%0.04%0.04%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a