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First National Bank in Cisco

Cisco, TX · Cert 3137

FDIC

Q3 2005

$40.5MAssets
$12.0MLoans
$34.1MDeposits
$6.2MEquity
Deposit mix
70%Interest-bearing $24.0M30%Noninterest $10.1MQ3 2004Q3 2005

NIM

4.93%Q3 ’034.08%Q3 ’044.78%Q3 ’05-15%+14%

Non-interest income vs. expense

3.96%Q3 ’033.21%Q3 ’043.96%Q3 ’05-19%+21%

Executive Summary

  • Earnings: ROA of 0.68%, down 45 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.21%.
  • Funding: loans stand at 35.09% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.68%-45 bps YoY

Net Interest Margin (YTD, annualized)

4.12%+50 bps YoY

Efficiency Ratio (YTD, annualized)

78.22%+406 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets1.14%1.32%0.98%0.98%0.68%-45 bps
Return on Equity7.21%8.43%6.46%6.43%4.47%-274 bps
Net Interest Margin3.62%3.95%4.16%4.19%4.12%+50 bps
Efficiency Ratio74.15%72.30%79.60%79.21%78.22%+406 bps
Non-Interest Burden2.50%2.65%3.18%3.18%3.02%+51 bps
Growth
Asset Growth (YoY)9.41%5.33%-8.81%-9.59%-5.58%-1,499 bps
Loan Growth (YoY)-8.26%2.42%2.80%-4.66%-11.66%-340 bps
Deposit Growth (YoY)13.10%8.10%-8.43%-10.34%-5.46%-1,856 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.30%-0.14%0.00%-0.30%-0.21%+8 bps
Allowance / Loans3.98%3.49%3.51%4.12%4.24%+27 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 Capital31.08%28.90%30.16%34.48%38.67%+759 bps
Equity / Assets15.53%15.07%15.37%15.51%15.32%-21 bps
Liquidity & Funding
Loans / Deposits37.55%41.81%43.40%37.93%35.09%-246 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