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First State Bank of Mineral Wells

Mineral Wells, TX · Cert 26929

FDIC

Q2 2013

$128.0MAssets
$59.8MLoans
$114.5MDeposits
$12.8MEquity
Loan mix
85%RE $42.7M12%C&I $6.3M3%Consumer $1.4MQ2 2012Q2 2013
Deposit mix
58%Interest-bearing $66.2M42%Noninterest $48.3MQ2 2012Q2 2013

NIM

4.24%Q2 ’113.59%Q2 ’123.00%Q2 ’13-15%-14%

Non-interest income vs. expense

3.54%Q2 ’113.00%Q2 ’122.27%Q2 ’13-23%-9%

Executive Summary

  • Earnings: ROA of 1.06%, down 30 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 52.24% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

1.06%-30 bps YoY

Net Interest Margin (quarter, annualized)

2.79%-47 bps YoY

Efficiency Ratio (quarter, annualized)

67.16%-80 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets1.36%1.65%0.72%0.98%1.06%-30 bps
Return on Equity13.04%16.04%7.04%9.69%10.57%-248 bps
Net Interest Margin3.26%3.09%3.11%2.90%2.79%-47 bps
Efficiency Ratio67.96%63.26%80.22%71.49%67.16%-80 bps
Non-Interest Burden1.88%1.46%2.38%1.91%1.71%-17 bps
Growth
Asset Growth (YoY)15.26%13.67%16.88%9.72%4.40%-1,086 bps
Loan Growth (YoY)-4.43%-9.27%-7.16%-8.30%-5.91%-148 bps
Deposit Growth (YoY)15.93%14.46%18.09%10.32%4.90%-1,104 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.01%-0.03%0.03%0.03%0 bps
Allowance / Loans1.09%1.13%1.11%1.15%1.15%+6 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 Capital19.45%20.78%21.01%22.26%22.03%+258 bps
Equity / Assets10.37%10.23%10.23%10.05%9.98%-39 bps
Liquidity & Funding
Loans / Deposits58.25%54.64%54.87%51.83%52.24%-600 bps
Liquid Assets / Assets27.66%33.13%30.15%36.25%36.26%+860 bps
CRE / Total Capitaln/an/an/an/an/an/an/a