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Guaranty National Bank

Gainesville, TX · Cert 3208

FDIC

Q4 2006

$259.9MAssets
$170.2MLoans
$199.4MDeposits
$49.7MEquity
Loan mix
56%RE $42.1M44%C&I $33.0M0%Consumer $0.1MQ4 2005Q4 2006
Deposit mix
68%Interest-bearing $134.9M32%Noninterest $64.5MQ4 2005Q4 2006

NIM

-11.99%Q4 ’046.50%Q4 ’056.90%Q4 ’06+152%+2%

Non-interest income vs. expense

-9.79%Q4 ’043.99%Q4 ’054.79%Q4 ’06+154%+53%

Executive Summary

  • Earnings: ROA of 0.30%, down 87 bps year over year; NIM at 5.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.74%.
  • Funding: loans stand at 85.38% of deposits as of Q4 2006.

Financial Results

Return on Assets (quarter, annualized)

0.30%-87 bps YoY

Net Interest Margin (quarter, annualized)

5.34%+8 bps YoY

Efficiency Ratio (quarter, annualized)

87.07%+2,457 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2005Q1 2006Q2 2006Q3 2006Q4 2006YoY ΔTrend
Earnings
Return on Assets1.16%1.21%1.44%1.14%0.30%-87 bps
Return on Equity6.19%6.51%7.56%5.98%1.56%-463 bps
Net Interest Margin5.27%5.21%5.33%5.52%5.34%+8 bps
Efficiency Ratio62.50%63.18%57.22%61.67%87.07%+2,457 bps
Non-Interest Burden3.18%3.14%2.85%3.28%4.86%+167 bps
Growth
Asset Growth (YoY)2.73%-0.70%-2.64%-1.43%0.98%-175 bps
Loan Growth (YoY)7.08%4.93%1.29%-0.59%-4.49%-1,157 bps
Deposit Growth (YoY)7.09%5.22%-3.38%-0.35%-2.61%-970 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%0.47%0.45%0.71%0.74%+59 bps
Allowance / Loans1.01%0.93%0.87%0.90%0.78%-23 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 Capital10.66%12.02%12.39%12.40%12.38%+172 bps
Equity / Assets18.24%18.91%19.05%18.97%19.13%+89 bps
Liquidity & Funding
Loans / Deposits87.06%90.43%92.77%90.10%85.38%-168 bps
Liquid Assets / Assets0.04%0.05%0.02%0.03%0.01%-3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a