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Express Bank, The

Alvin, TX · Cert 26769

FDIC

Q4 2002

$91.2MAssets
$38.0MLoans
$73.3MDeposits
$16.4MEquity
Loan mix
58%RE $7.8M42%C&I $5.6M0%Consumer $0.1MQ4 2001Q4 2002
Deposit mix
82%Interest-bearing $60.3M18%Noninterest $13.0MQ4 2001Q4 2002

NIM

6.89%Q1 ’016.48%Q4 ’013.40%Q4 ’02+6%-30%

Non-interest income vs. expense

2.69%Q1 ’012.79%Q4 ’012.35%Q4 ’02+6%-2%

Executive Summary

  • Earnings: ROA of 1.19%, down 82 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 51.86% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

1.19%-82 bps YoY

Net Interest Margin (YTD, annualized)

2.72%-118 bps YoY

Efficiency Ratio (YTD, annualized)

61.18%+471 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets2.02%2.52%0.39%0.98%1.19%-82 bps
Return on Equityn/a30.12%3.36%7.40%8.36%n/a
Net Interest Margin3.89%4.11%1.26%2.27%2.72%-118 bps
Efficiency Ratio56.47%48.56%59.85%53.75%61.18%+471 bps
Non-Interest Burden1.74%1.54%0.80%1.23%1.71%-3 bps
Growth
Asset Growth (YoY)5.59%-0.36%17.43%11.84%8.81%+322 bps
Loan Growth (YoY)-7.36%-3.49%14.78%20.23%15.61%+2,297 bps
Deposit Growth (YoY)5.02%-0.62%4.87%-1.03%-4.11%-914 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.25%0.22%0.13%0.24%-13 bps
Allowance / Loans0.50%0.49%1.15%1.12%1.08%+57 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 Capital16.83%17.69%15.00%16.30%17.37%+54 bps
Equity / Assets8.04%8.72%17.44%18.09%17.99%+995 bps
Liquidity & Funding
Loans / Deposits43.01%45.75%54.37%56.60%51.86%+885 bps
Liquid Assets / Assets13.18%8.33%2.97%4.25%3.18%-1,001 bps
CRE / Total Capitaln/an/an/an/an/an/an/a