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First Bank of Conroe, National Association

Conroe, TX · Cert 26229

FDIC · 8 branches

Q2 2015

$370.9MAssets
$256.8MLoans
$339.4MDeposits
$30.2MEquity
Loan mix
84%RE $197.0M12%C&I $28.9M4%Consumer $8.5MQ2 2014Q2 2015
Deposit mix
57%Interest-bearing $193.3M43%Noninterest $146.1MQ2 2014Q2 2015

NIM

4.61%Q2 ’134.53%Q2 ’144.33%Q2 ’15-1%-4%

Non-interest income vs. expense

3.63%Q2 ’133.61%Q2 ’143.48%Q2 ’15+3%-4%

Market Position · Houston-The Woodlands-Sugar Land, TX · 2015 SOD (annual) · 0.2% share · #44 of 103 inst. · $0.3B of $215.2B

3.2% Montgomery
0.9% Walker
0.0% Harris

Executive Summary

  • Earnings: ROA of 1.12%, unchanged from a year ago; NIM at 4.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Capital: tier 1 leverage ratio of 7.96%.
  • Funding: loans stand at 75.66% of deposits as of Q2 2015.

Financial Results

Return on Assets (YTD, annualized)

1.12%0 bps YoY

Net Interest Margin (YTD, annualized)

4.20%-17 bps YoY

Efficiency Ratio (YTD, annualized)

68.10%+7 bps YoY

Tier 1 Leverage Ratio

7.96%

Year to date, annualized, through each quarter.

MetricQ2 2014Q3 2014Q4 2014Q1 2015Q2 2015YoY ΔTrend
Earnings
Return on Assets1.12%1.10%1.10%1.11%1.12%0 bps
Return on Equity14.01%14.05%14.10%14.58%14.32%+31 bps
Net Interest Margin4.37%4.39%4.23%4.23%4.20%-17 bps
Efficiency Ratio68.03%67.25%66.98%68.75%68.10%+7 bps
Non-Interest Burden2.67%2.64%2.53%2.62%2.57%-11 bps
Growth
Asset Growth (YoY)5.46%8.09%6.56%7.71%4.60%-86 bps
Loan Growth (YoY)4.06%4.33%3.53%7.44%0.07%-399 bps
Deposit Growth (YoY)7.10%9.33%7.70%8.98%3.81%-328 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.05%0.06%0.00%0.02%-2 bps
Allowance / Loans1.33%1.33%1.31%1.33%1.36%+3 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/a7.74%7.96%n/a
Total Risk-Based Capital11.70%11.97%12.17%12.85%13.33%+163 bps
Equity / Assets7.49%7.45%7.59%7.65%8.15%+66 bps
Liquidity & Funding
Loans / Deposits78.49%76.92%76.80%75.00%75.66%-283 bps
Liquid Assets / Assets10.09%12.05%10.38%14.06%13.89%+380 bps
CRE / Total Capitaln/an/an/an/an/an/an/a