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Firstcapital Bank, SSB

Victoria, TX · Cert 30448

FDIC

Q4 2004

$760.6MAssets
$499.0MLoans
$633.7MDeposits
$83.5MEquity
Loan mix
40%RE $89.8M59%C&I $131.9M1%Consumer $1.4MQ4 2003Q4 2004
Deposit mix
95%Interest-bearing $602.3M5%Noninterest $31.3MQ4 2003Q4 2004

NIM

5.34%Q4 ’024.68%Q4 ’034.91%Q4 ’04-5%+7%

Non-interest income vs. expense

3.53%Q4 ’023.76%Q4 ’033.67%Q4 ’04-12%+15%

Executive Summary

  • Earnings: ROA of 0.86%, up 28 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.09%.
  • Funding: loans stand at 78.75% of deposits as of Q4 2004.

Financial Results

Return on Assets (quarter, annualized)

0.86%+28 bps YoY

Net Interest Margin (quarter, annualized)

3.58%+25 bps YoY

Efficiency Ratio (quarter, annualized)

75.82%+53 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004YoY ΔTrend
Earnings
Return on Assets0.57%0.41%0.68%0.80%0.86%+28 bps
Return on Equity5.54%3.93%6.51%7.70%7.92%+239 bps
Net Interest Margin3.33%3.41%3.26%3.49%3.58%+25 bps
Efficiency Ratio75.29%83.72%82.81%75.06%75.82%+53 bps
Non-Interest Burden2.10%2.68%2.51%2.30%2.41%+31 bps
Growth
Asset Growth (YoY)0.07%1.34%4.08%0.94%0.36%+29 bps
Loan Growth (YoY)2.27%-0.44%0.13%2.21%-5.14%-741 bps
Deposit Growth (YoY)0.11%-0.33%-1.14%-2.75%-3.38%-349 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.15%0.16%-0.03%0.09%-1 bps
Allowance / Loans1.01%1.03%0.99%1.00%1.02%+1 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 Capital10.80%10.96%11.04%11.32%12.09%+129 bps
Equity / Assets10.46%10.64%10.19%10.66%10.98%+52 bps
Liquidity & Funding
Loans / Deposits80.21%80.27%79.80%80.67%78.75%-146 bps
Liquid Assets / Assets0.04%0.04%0.04%0.07%0.09%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a