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Liberty Bank, SSB

Austin, TX · Cert 32466

FDIC

Q2 2004

$175.1MAssets
$120.3MLoans
$158.1MDeposits
$16.5MEquity
Deposit mix
71%Interest-bearing $111.6M29%Noninterest $46.5MQ2 2003Q2 2004

NIM

5.69%Q2 ’024.90%Q2 ’034.21%Q2 ’04-12%-10%

Non-interest income vs. expense

3.93%Q2 ’023.31%Q2 ’032.88%Q2 ’04-7%-12%

Executive Summary

  • Earnings: ROA of 0.81%, down 37 bps year over year; NIM at 3.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Funding: loans stand at 76.08% of deposits as of Q2 2004.

Financial Results

Return on Assets (quarter, annualized)

0.81%-37 bps YoY

Net Interest Margin (quarter, annualized)

3.34%-36 bps YoY

Efficiency Ratio (quarter, annualized)

66.78%-142 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets1.18%1.14%1.20%1.05%0.81%-37 bps
Return on Equity13.59%12.92%14.27%12.58%8.98%-461 bps
Net Interest Margin3.70%3.36%3.33%3.20%3.34%-36 bps
Efficiency Ratio68.21%67.51%64.32%67.32%66.78%-142 bps
Non-Interest Burden2.16%1.92%1.82%1.90%1.91%-25 bps
Growth
Asset Growth (YoY)9.93%10.22%17.03%5.31%0.56%-936 bps
Loan Growth (YoY)10.36%4.22%0.15%-10.49%-11.26%-2,161 bps
Deposit Growth (YoY)8.82%9.34%17.66%5.21%0.23%-858 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%-0.02%0.01%-0.01%0.04%-9 bps
Allowance / Loans1.22%1.23%1.25%1.36%1.45%+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 Capital13.24%13.06%12.61%13.38%13.85%+61 bps
Equity / Assets8.94%8.75%8.10%8.66%9.44%+50 bps
Liquidity & Funding
Loans / Deposits85.93%83.36%79.27%76.12%76.08%-985 bps
Liquid Assets / Assets8.24%8.02%10.42%8.76%2.29%-595 bps
CRE / Total Capitaln/an/an/an/an/an/an/a