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Mauriceville National Bank

Mauriceville, TX · Cert 26729

FDIC

Q3 2004

$41.2MAssets
$20.6MLoans
$33.4MDeposits
$5.7MEquity
Deposit mix
76%Interest-bearing $25.4M24%Noninterest $8.0MQ3 2003Q3 2004

NIM

7.19%Q3 ’025.53%Q3 ’034.86%Q3 ’04-13%-14%

Non-interest income vs. expense

5.14%Q3 ’025.62%Q3 ’035.05%Q3 ’04+5%-20%

Executive Summary

  • Earnings: ROA of 0.60%, down 29 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.62%.
  • Funding: loans stand at 61.53% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

0.60%-29 bps YoY

Net Interest Margin (quarter, annualized)

4.06%-65 bps YoY

Efficiency Ratio (quarter, annualized)

70.26%-1,096 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.89%-0.28%-0.11%0.24%0.60%-29 bps
Return on Equity5.34%-1.77%-0.71%1.71%4.40%-94 bps
Net Interest Margin4.71%4.86%4.14%4.01%4.06%-65 bps
Efficiency Ratio81.22%81.37%77.96%72.35%70.26%-1,096 bps
Non-Interest Burden3.41%4.41%3.57%3.06%2.74%-67 bps
Growth
Asset Growth (YoY)12.18%18.54%18.20%26.45%18.79%+661 bps
Loan Growth (YoY)-8.56%-2.04%10.19%23.44%9.43%+1,799 bps
Deposit Growth (YoY)3.77%11.18%13.96%24.57%15.35%+1,158 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.79%1.14%0.64%0.40%0.62%-116 bps
Allowance / Loans1.31%1.26%1.25%1.15%1.07%-24 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 Capital12.95%13.10%13.84%13.12%13.52%+57 bps
Equity / Assets16.29%15.73%14.51%13.39%13.81%-248 bps
Liquidity & Funding
Loans / Deposits64.86%63.89%61.68%61.19%61.53%-333 bps
Liquid Assets / Assets1.15%0.56%0.51%0.48%0.49%-67 bps
CRE / Total Capitaln/an/an/an/an/an/an/a