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Letter portraitLegal landscapeQuarterYTD

First National Bank of Texas, The

Decatur, TX · Cert 3168

FDIC

Q1 2002

$377.6MAssets
$150.2MLoans
$310.9MDeposits
$63.6MEquity
Deposit mix
81%Interest-bearing $252.9M19%Noninterest $58.0MQ1 2001Q1 2002

NIM

7.53%Q1 ’013.14%Q1 ’02-26%

Non-interest income vs. expense

3.06%Q1 ’011.65%Q1 ’02-48%

Executive Summary

  • Earnings: ROA of 0.99%, up 23 bps year over year; NIM at 2.70%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.11%.
  • Funding: loans stand at 48.31% of deposits as of Q1 2002.

Financial Results

Return on Assets (YTD, annualized)

0.99%+23 bps YoY

Net Interest Margin (YTD, annualized)

2.70%-97 bps YoY

Efficiency Ratio (YTD, annualized)

51.36%-1,694 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets0.76%0.19%0.37%0.49%0.99%+23 bps
Return on Equityn/an/an/an/a6.97%n/an/a
Net Interest Margin3.67%0.55%1.41%1.84%2.70%-97 bps
Efficiency Ratio68.30%57.92%66.60%68.09%51.36%-1,694 bps
Non-Interest Burden2.25%0.26%0.81%1.10%1.18%-107 bps
Growth
Asset Growth (YoY)9.04%20.26%17.69%16.63%6.60%-244 bps
Loan Growth (YoY)-3.68%-4.19%-5.31%-9.10%-22.03%-1,835 bps
Deposit Growth (YoY)7.77%13.70%11.11%10.72%-5.05%-1,282 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.37%0.86%0.60%0.52%-0.11%-47 bps
Allowance / Loans1.34%2.16%2.20%2.16%3.45%+211 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 Capital12.09%12.13%12.98%13.64%13.35%+126 bps
Equity / Assets7.12%11.10%11.70%11.50%16.85%+973 bps
Liquidity & Funding
Loans / Deposits58.83%54.88%53.62%50.56%48.31%-1,052 bps
Liquid Assets / Assets0.57%0.26%0.00%0.00%0.01%-56 bps
CRE / Total Capitaln/an/an/an/an/an/an/a