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First National Bank of Crockett

Crockett, TX · Cert 3157

FDIC

Q4 2008

$199.2MAssets
$132.8MLoans
$161.9MDeposits
$34.5MEquity
Loan mix
75%RE $76.0M24%C&I $24.3M1%Consumer $0.6MQ4 2007Q4 2008
Deposit mix
80%Interest-bearing $129.1M20%Noninterest $32.8MQ4 2007Q4 2008

NIM

6.29%Q4 ’060.57%Q4 ’074.72%Q4 ’08-92%+759%

Non-interest income vs. expense

3.69%Q4 ’060.29%Q4 ’072.58%Q4 ’08-92%+831%

Executive Summary

  • Earnings: ROA of 0.43%, up 33 bps year over year; NIM at 3.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 82.06% of deposits as of Q4 2008.

Financial Results

Return on Assets (YTD, annualized)

0.43%+33 bps YoY

Net Interest Margin (YTD, annualized)

3.20%+283 bps YoY

Efficiency Ratio (YTD, annualized)

67.50%+42 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2007Q1 2008Q2 2008Q3 2008Q4 2008YoY ΔTrend
Earnings
Return on Assets0.10%0.47%0.49%0.40%0.43%+33 bps
Return on Equity0.88%2.34%2.47%2.04%2.24%+136 bps
Net Interest Margin0.37%3.71%3.47%3.34%3.20%+283 bps
Efficiency Ratio67.08%76.94%55.17%64.31%67.50%+42 bps
Non-Interest Burden0.23%2.69%1.82%2.06%2.14%+191 bps
Growth
Asset Growth (YoY)15.46%11.28%20.78%24.01%15.88%+41 bps
Loan Growth (YoY)-0.30%6.76%12.93%14.65%20.56%+2,086 bps
Deposit Growth (YoY)0.71%-2.80%7.05%11.40%21.20%+2,049 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.10%0.01%0.51%0.20%+19 bps
Allowance / Loans1.09%1.12%1.47%1.11%1.33%+24 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 Capital11.87%11.76%11.46%11.77%12.17%+30 bps
Equity / Assets19.97%20.00%19.38%18.79%17.30%-267 bps
Liquidity & Funding
Loans / Deposits82.49%86.19%89.80%89.12%82.06%-43 bps
Liquid Assets / Assets0.05%0.05%0.01%0.03%9.97%+992 bps
CRE / Total Capitaln/an/an/an/an/an/an/a