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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

5.35%Q3 ’035.55%Q3 ’046.31%Q3 ’05+0%+1%

Non-interest income vs. expense

4.36%Q3 ’034.24%Q3 ’043.56%Q3 ’05-7%-22%

Executive Summary

  • Earnings: ROA of 1.27%, up 33 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
  • Funding: loans stand at 87.34% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

1.27%+33 bps YoY

Net Interest Margin (quarter, annualized)

4.67%+2 bps YoY

Efficiency Ratio (quarter, annualized)

61.15%-1,184 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.94%0.83%1.27%1.12%1.27%+33 bps
Return on Equity12.23%11.44%17.54%16.85%18.55%+633 bps
Net Interest Margin4.64%4.45%4.48%4.71%4.67%+2 bps
Efficiency Ratio72.99%71.00%65.46%65.32%61.15%-1,184 bps
Non-Interest Burden3.07%2.90%2.46%2.72%2.41%-67 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-0.01%-0.06%-0.02%0.09%0.15%+17 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