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Balcones Bank, State Savings Bank

San Marcos, TX · Cert 32004

FDIC

Q3 2005

$103.4MAssets
$56.9MLoans
$66.1MDeposits
$8.7MEquity
Deposit mix
81%Interest-bearing $53.4M19%Noninterest $12.7MQ3 2004Q3 2005

NIM

4.53%Q3 ’034.37%Q3 ’045.11%Q3 ’05-4%+7%

Non-interest income vs. expense

3.23%Q3 ’033.32%Q3 ’043.54%Q3 ’05-1%+10%

Executive Summary

  • Earnings: ROA of 0.78%, down 12 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 86.07% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.78%-12 bps YoY

Net Interest Margin (quarter, annualized)

3.41%+22 bps YoY

Efficiency Ratio (quarter, annualized)

84.61%+158 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.90%0.65%0.75%0.44%0.78%-12 bps
Return on Equity12.32%8.60%9.95%5.63%9.49%-283 bps
Net Interest Margin3.19%3.10%3.14%3.24%3.41%+22 bps
Efficiency Ratio83.03%83.36%79.50%88.41%84.61%+158 bps
Non-Interest Burden2.51%2.45%2.34%2.78%2.76%+25 bps
Growth
Asset Growth (YoY)-1.44%2.04%1.27%-2.70%-5.20%-376 bps
Loan Growth (YoY)5.95%3.41%3.43%2.94%-2.56%-851 bps
Deposit Growth (YoY)4.22%4.60%7.50%3.94%8.43%+422 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.02%0.00%0.15%0.00%0 bps
Allowance / Loans0.87%0.87%0.90%0.87%0.84%-3 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 Capital16.28%15.25%15.20%16.83%17.62%+134 bps
Equity / Assets7.55%7.50%7.55%8.03%8.44%+89 bps
Liquidity & Funding
Loans / Deposits95.78%95.75%91.93%92.85%86.07%-971 bps
Liquid Assets / Assets3.56%3.67%5.62%4.36%4.96%+140 bps
CRE / Total Capitaln/an/an/an/an/an/an/a