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First National Bank

Glen Rose, TX · Cert 3220

FDIC

Q3 2004

$46.0MAssets
$29.7MLoans
$41.2MDeposits
$4.6MEquity
Deposit mix
76%Interest-bearing $31.2M24%Noninterest $9.9MQ4 2002Q3 2004

Executive Summary

  • Earnings: ROA of 2.77%, up 18 bps year over year; NIM at 4.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 72.05% of deposits as of Q3 2004.

Return on Assets (YTD, annualized)

2.77%+18 bps YoY

Net Interest Margin (YTD, annualized)

4.63%-13 bps YoY

Efficiency Ratio (YTD, annualized)

50.66%-391 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

6.28%Q3 ’025.42%Q3 ’035.12%Q3 ’04-6%-3%

Non-interest income vs. expense

3.52%Q3 ’023.27%Q3 ’033.09%Q3 ’04-24%-20%

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.79%2.46%2.56%2.58%2.51%2.93%3.43%2.77%+18 bps
Return on Equity17.67%23.38%24.68%24.65%23.95%28.80%34.04%27.42%+277 bps
Net Interest Margin5.09%4.83%4.72%4.77%4.67%4.86%4.43%4.63%-13 bps
Efficiency Ratio58.96%57.95%54.12%54.57%54.72%51.10%46.04%50.66%-391 bps
Non-Interest Burden2.66%2.34%2.03%2.05%2.05%1.68%1.10%1.63%-42 bps
Growth
Asset Growth (YoY)-3.31%6.92%7.32%2.97%11.51%3.35%6.12%7.26%+429 bps
Loan Growth (YoY)-14.23%-1.95%5.07%8.72%11.70%17.31%14.19%19.82%+1,110 bps
Deposit Growth (YoY)-4.31%6.50%7.80%2.44%12.24%3.61%6.48%8.01%+557 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.19%0.52%0.31%0.27%0.36%0.16%0.16%0.19%-8 bps
Allowance / Loans1.64%1.50%1.51%1.51%1.36%1.32%1.30%1.55%+4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital19.41%18.89%18.94%19.45%18.66%17.22%17.41%17.03%-242 bps
Equity / Assets10.96%10.11%10.16%10.77%10.48%9.91%9.90%10.09%-68 bps
Liquidity & Funding
Loans / Deposits65.77%60.19%62.46%64.95%65.46%68.14%66.99%72.05%+710 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a