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Letter portraitLegal landscapeQuarterYTD

Coastal Banc, State Savings Bank

Houston, TX · Cert 30757

FDIC

Q1 2004

$2.7BAssets
$2.0BLoans
$1.7BDeposits
$191.7MEquity
Loan mix
87%RE $1.1B13%C&I $0.2B0%Consumer $0.0BQ1 2003Q1 2004
Deposit mix
95%Interest-bearing $1.6B5%Noninterest $0.1BQ1 2003Q1 2004

NIM

5.66%Q1 ’024.78%Q1 ’034.26%Q1 ’04-9%-5%

Non-interest income vs. expense

2.14%Q1 ’022.16%Q1 ’032.01%Q1 ’04-9%-9%

Executive Summary

  • Earnings: ROA of 0.74%, up 8 bps year over year; NIM at 2.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 119.88% of deposits as of Q1 2004.

Financial Results

Return on Assets (quarter, annualized)

0.74%+8 bps YoY

Net Interest Margin (quarter, annualized)

2.64%-15 bps YoY

Efficiency Ratio (quarter, annualized)

63.21%-163 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets0.65%0.64%0.57%0.61%0.74%+8 bps
Return on Equity8.23%7.99%7.63%8.63%10.46%+222 bps
Net Interest Margin2.79%2.69%2.45%2.57%2.64%-15 bps
Efficiency Ratio64.84%64.84%67.64%68.19%63.21%-163 bps
Non-Interest Burden1.62%1.56%1.50%1.58%1.47%-15 bps
Growth
Asset Growth (YoY)2.19%1.40%1.54%6.13%6.57%+439 bps
Loan Growth (YoY)2.68%-1.90%-0.77%6.80%5.55%+286 bps
Deposit Growth (YoY)-1.30%-3.27%-0.41%3.94%3.73%+503 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.09%0.13%0.06%0.05%-10 bps
Allowance / Loans0.95%0.99%0.97%0.96%0.97%+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 Capital11.57%11.62%10.27%10.31%10.36%-121 bps
Equity / Assets7.96%8.02%7.04%6.98%7.12%-84 bps
Liquidity & Funding
Loans / Deposits117.82%116.27%119.65%119.58%119.88%+206 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a