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Elgin Bank of Texas

Elgin, TX · Cert 3185

FDIC

Q2 2005

$85.1MAssets
$44.9MLoans
$74.6MDeposits
$10.0MEquity
Deposit mix
77%Interest-bearing $57.7M23%Noninterest $16.9MQ2 2004Q2 2005

NIM

5.65%Q2 ’035.18%Q2 ’045.15%Q2 ’05+1%-5%

Non-interest income vs. expense

3.96%Q2 ’033.98%Q2 ’044.63%Q2 ’05-1%+19%

Executive Summary

  • Earnings: ROA of -0.53%, down 130 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.12%.
  • Funding: loans stand at 60.23% of deposits as of Q2 2005.

Financial Results

Return on Assets (YTD, annualized)

-0.53%-130 bps YoY

Net Interest Margin (YTD, annualized)

4.12%-21 bps YoY

Efficiency Ratio (YTD, annualized)

97.11%+1,695 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.77%0.79%0.74%-0.31%-0.53%-130 bps
Return on Equity6.28%6.41%6.01%-2.58%-4.41%-1,069 bps
Net Interest Margin4.32%4.36%4.34%4.12%4.12%-21 bps
Efficiency Ratio80.15%79.74%80.69%105.32%97.11%+1,695 bps
Non-Interest Burden3.34%3.35%3.38%4.38%3.98%+64 bps
Growth
Asset Growth (YoY)-2.25%-1.73%0.38%-2.79%3.00%+525 bps
Loan Growth (YoY)-0.94%4.28%9.13%7.77%6.37%+731 bps
Deposit Growth (YoY)-2.13%-1.90%0.50%-2.51%3.57%+571 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.05%0.05%0.14%0.12%+7 bps
Allowance / Loans1.50%1.49%1.44%1.39%1.33%-17 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 Capital23.04%24.16%21.75%22.02%22.29%-75 bps
Equity / Assets12.25%12.67%12.06%12.23%11.78%-48 bps
Liquidity & Funding
Loans / Deposits58.65%58.75%58.62%61.96%60.23%+158 bps
Liquid Assets / Assets15.84%14.50%13.78%12.91%25.38%+954 bps
CRE / Total Capitaln/an/an/an/an/an/an/a