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Lake Area National Bank

Trinity, TX · Cert 26435

FDIC · 18 branches

Q4 2015

$651.0MAssets
$484.7MLoans
$554.6MDeposits
$82.6MEquity
Loan mix
81%RE $359.0M12%C&I $52.7M7%Consumer $32.3MQ4 2014Q4 2015
Deposit mix
76%Interest-bearing $422.7M24%Noninterest $131.9MQ4 2014Q4 2015

NIM

4.31%Q4 ’134.16%Q4 ’144.23%Q4 ’15-3%+6%

Non-interest income vs. expense

4.58%Q4 ’133.32%Q4 ’143.27%Q4 ’15-46%-4%

Market Position · Houston-The Woodlands-Sugar Land, TX · 2015 SOD (annual) · 0.1% share · #54 of 103 inst. · $0.2B of $215.2B

1.0% Fort Bend
25.3% Houston
0.0% Harris
0.0% Dallas

Executive Summary

  • Earnings: ROA of 19.33%, up 1,861 bps year over year; NIM at 3.81%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Capital: tier 1 leverage ratio of 10.07%.
  • Funding: loans stand at 87.40% of deposits as of Q4 2015.

Financial Results

Return on Assets (quarter, annualized)

19.33%+1,861 bps YoY

Net Interest Margin (quarter, annualized)

3.81%+20 bps YoY

Efficiency Ratio (quarter, annualized)

78.59%-344 bps YoY

Tier 1 Leverage Ratio

10.07%

Discrete quarter, annualized.

MetricQ4 2014Q1 2015Q2 2015Q3 2015Q4 2015YoY ΔTrend
Earnings
Return on Assets0.72%0.65%0.79%1.13%19.33%+1,861 bps
Return on Equity7.22%6.33%7.56%10.71%165.66%+15,845 bps
Net Interest Margin3.61%3.62%3.51%3.63%3.81%+20 bps
Efficiency Ratio82.03%82.69%79.40%76.06%78.59%-344 bps
Non-Interest Burden2.95%2.96%2.71%2.47%2.83%-11 bps
Growth
Asset Growth (YoY)1.38%-0.74%-0.91%-0.01%3.46%+208 bps
Loan Growth (YoY)0.16%1.51%4.57%3.63%3.80%+364 bps
Deposit Growth (YoY)1.01%-1.45%-1.36%-0.80%-1.40%-241 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.00%0.06%-0.10%0.16%-6 bps
Allowance / Loans1.28%1.27%1.22%1.24%1.20%-8 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/a10.38%10.52%10.73%10.07%n/a
Total Risk-Based Capital13.48%13.82%13.62%13.69%12.33%-115 bps
Equity / Assets10.06%10.40%10.42%10.61%12.69%+263 bps
Liquidity & Funding
Loans / Deposits83.01%85.91%87.53%86.92%87.40%+438 bps
Liquid Assets / Assets7.06%5.02%4.17%5.66%4.81%-225 bps
CRE / Total Capitaln/an/an/an/an/an/an/a