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Katy Bank, National Association

Katy, TX · Cert 26809

FDIC

Q4 2003

$43.5MAssets
$22.7MLoans
$40.4MDeposits
$3.0MEquity
Loan mix
55%RE $3.1M45%C&I $2.5M0%Consumer $0.0MQ4 2002Q4 2003
Deposit mix
64%Interest-bearing $25.9M36%Noninterest $14.5MQ4 2002Q4 2003

NIM

5.28%Q4 ’014.73%Q4 ’024.35%Q4 ’03-3%-8%

Non-interest income vs. expense

5.55%Q4 ’014.18%Q4 ’023.86%Q4 ’03-34%-16%

Executive Summary

  • Earnings: ROA of 0.64%, up 101 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.07%.
  • Funding: loans stand at 56.14% of deposits as of Q4 2003.

Financial Results

Return on Assets (quarter, annualized)

0.64%+101 bps YoY

Net Interest Margin (quarter, annualized)

3.38%-29 bps YoY

Efficiency Ratio (quarter, annualized)

80.50%-417 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets-0.38%0.26%0.41%10.48%10.64%+101 bps
Return on Equity-4.81%3.68%6.05%7.12%9.35%+1,416 bps
Net Interest Margin3.66%3.39%3.24%3.29%3.38%-29 bps
Efficiency Ratio84.66%92.90%103.85%91.57%80.50%-417 bps
Non-Interest Burden2.91%3.05%3.41%2.88%2.44%-46 bps
Growth
Asset Growth (YoY)17.89%21.63%19.62%12.41%8.62%-928 bps
Loan Growth (YoY)29.13%40.56%36.67%23.33%31.03%+191 bps
Deposit Growth (YoY)19.06%22.00%22.14%14.48%9.85%-920 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.28%-0.51%0.00%-0.02%-0.07%-335 bps
Allowance / Loans1.06%1.15%1.12%1.18%1.20%+14 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 Capital12.85%12.12%12.04%12.09%11.67%-118 bps
Equity / Assets7.59%6.79%6.83%6.76%6.86%-73 bps
Liquidity & Funding
Loans / Deposits47.06%43.17%46.93%50.24%56.14%+907 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