PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Texas National Bank

Southlake, TX · Cert 25888

FDIC

Q3 2005

$101.6MAssets
$77.5MLoans
$88.8MDeposits
$7.5MEquity
Deposit mix
73%Interest-bearing $64.8M27%Noninterest $24.0MQ3 2004Q3 2005

NIM

5.25%Q3 ’035.27%Q3 ’045.78%Q3 ’05+1%-3%

Non-interest income vs. expense

4.26%Q3 ’034.11%Q3 ’043.53%Q3 ’05-5%-21%

Executive Summary

  • Earnings: ROA of 1.23%, up 26 bps year over year; NIM at 4.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 87.34% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

1.23%+26 bps YoY

Net Interest Margin (YTD, annualized)

4.41%-11 bps YoY

Efficiency Ratio (YTD, annualized)

63.90%-972 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.98%0.94%1.27%1.19%1.23%+26 bps
Return on Equity12.07%11.90%17.54%17.19%17.57%+550 bps
Net Interest Margin4.52%4.15%4.48%4.44%4.41%-11 bps
Efficiency Ratio73.63%72.93%65.46%65.38%63.90%-972 bps
Non-Interest Burden3.05%2.77%2.46%2.50%2.41%-64 bps
Growth
Asset Growth (YoY)28.05%23.70%29.76%43.06%9.28%-1,877 bps
Loan Growth (YoY)28.21%27.18%33.26%31.49%18.10%-1,011 bps
Deposit Growth (YoY)17.30%27.08%30.03%49.13%15.57%-172 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.04%-0.02%0.04%0.08%+11 bps
Allowance / Loans1.10%1.15%1.10%1.13%1.25%+16 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 Capital11.31%11.47%10.68%9.79%11.00%-31 bps
Equity / Assets7.17%7.41%7.06%6.33%7.36%+19 bps
Liquidity & Funding
Loans / Deposits85.48%84.50%89.93%82.40%87.34%+187 bps
Liquid Assets / Assets1.63%1.65%1.00%0.71%0.28%-135 bps
CRE / Total Capitaln/an/an/an/an/an/an/a