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Security Bank, National Association

Garland, TX · Cert 26422

FDIC

Q3 2003

$187.0MAssets
$132.9MLoans
$168.0MDeposits
$13.5MEquity
Deposit mix
67%Interest-bearing $113.2M33%Noninterest $54.8MQ3 2002Q3 2003

NIM

7.82%Q3 ’016.48%Q3 ’025.77%Q3 ’03-6%-4%

Non-interest income vs. expense

4.76%Q3 ’014.29%Q3 ’024.33%Q3 ’03-7%-4%

Executive Summary

  • Earnings: ROA of 0.64%, up 8 bps year over year; NIM at 4.49%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 79.09% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.64%+8 bps YoY

Net Interest Margin (YTD, annualized)

4.49%-18 bps YoY

Efficiency Ratio (YTD, annualized)

80.49%+71 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.56%0.56%0.45%0.60%0.64%+8 bps
Return on Equity7.42%7.32%5.89%8.02%8.62%+120 bps
Net Interest Margin4.67%4.74%4.80%4.65%4.49%-18 bps
Efficiency Ratio79.77%81.34%82.29%79.50%80.49%+71 bps
Non-Interest Burden3.58%3.71%3.77%3.50%3.44%-14 bps
Growth
Asset Growth (YoY)7.38%6.18%8.61%13.37%7.37%-1 bps
Loan Growth (YoY)3.66%1.53%4.36%2.46%1.60%-206 bps
Deposit Growth (YoY)5.83%4.10%6.06%10.68%7.28%+145 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.18%0.23%0.20%0.26%+17 bps
Allowance / Loans1.05%1.01%1.06%1.10%1.09%+4 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 Capital9.33%9.58%9.64%9.58%9.84%+51 bps
Equity / Assets7.42%7.82%7.45%7.31%7.23%-19 bps
Liquidity & Funding
Loans / Deposits83.52%89.75%86.51%81.94%79.09%-442 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a