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Bank of Texas, The

Devine, TX · Cert 26905

FDIC

Q3 2011

$47.5MAssets
$26.8MLoans
$41.3MDeposits
$3.0MEquity
Loan mix
73%RE $19.0M19%C&I $5.1M7%Consumer $1.9MQ3 2010Q3 2011
Deposit mix
32%Interest-bearing $13.4M68%Noninterest $27.9MQ3 2010Q3 2011

NIM

5.30%Q3 ’094.23%Q3 ’103.92%Q3 ’11-16%+1%

Non-interest income vs. expense

4.43%Q3 ’097.11%Q3 ’1015.98%Q3 ’11+61%+124%

Executive Summary

  • Earnings: ROA of -12.16%, down 877 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 64.78% of deposits as of Q3 2011.

Financial Results

Return on Assets (quarter, annualized)

-12.16%-877 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+2 bps YoY

Efficiency Ratio (quarter, annualized)

374%+18,386 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2010Q4 2010Q1 2011Q2 2011Q3 2011YoY ΔTrend
Earnings
Return on Assets-3.39%-1.53%-2.04%-0.74%-12.16%-877 bps
Return on Equity-35.03%-16.11%-21.99%-8.29%-160.38%-12,535 bps
Net Interest Margin3.35%3.51%3.39%3.33%3.38%+2 bps
Efficiency Ratio190.39%133.50%120.93%115.54%374%+18,386 bps
Non-Interest Burden6.73%5.08%4.39%4.09%15.09%+836 bps
Growth
Asset Growth (YoY)-16.64%-12.79%-15.24%-9.66%-9.52%+711 bps
Loan Growth (YoY)-30.27%-28.93%-30.36%-18.14%-12.00%+1,826 bps
Deposit Growth (YoY)-8.45%-2.84%-5.30%1.56%-8.46%-1 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans4.78%0.28%2.26%0.61%0.12%-467 bps
Allowance / Loans1.74%1.75%1.78%1.66%1.79%+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 Capital15.42%15.27%14.81%14.65%10.54%-489 bps
Equity / Assets9.60%9.44%9.15%8.78%6.29%-331 bps
Liquidity & Funding
Loans / Deposits67.39%67.60%64.70%61.85%64.78%-261 bps
Liquid Assets / Assets22.92%19.65%20.87%22.84%18.72%-420 bps
CRE / Total Capitaln/an/an/an/an/an/an/a