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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

5.59%Q2 ’035.15%Q2 ’045.26%Q2 ’05+0%-3%

Non-interest income vs. expense

3.98%Q2 ’033.98%Q2 ’044.27%Q2 ’05-3%+10%

Executive Summary

  • Earnings: ROA of -0.75%, down 151 bps year over year; NIM at 4.16%.
  • 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 (quarter, annualized)

-0.75%-151 bps YoY

Net Interest Margin (quarter, annualized)

4.16%-15 bps YoY

Efficiency Ratio (quarter, annualized)

88.96%+893 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets0.75%0.84%0.58%-0.31%-0.75%-151 bps
Return on Equity6.11%6.75%4.72%-2.58%-6.29%-1,240 bps
Net Interest Margin4.31%4.43%4.27%4.12%4.16%-15 bps
Efficiency Ratio80.04%78.93%83.52%105.32%88.96%+893 bps
Non-Interest Burden3.32%3.37%3.45%4.38%3.64%+32 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 / Loans0.07%0.06%0.03%0.14%0.12%+5 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