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Letter portraitLegal landscapeQuarterYTD

First National Bank of Hico, The

Hico, TX · Cert 3253

FDIC

Q2 2013

$41.8MAssets
$12.9MLoans
$36.8MDeposits
$4.9MEquity
Loan mix
67%RE $6.7M10%C&I $1.0M24%Consumer $2.4MQ2 2012Q2 2013
Deposit mix
66%Interest-bearing $24.2M34%Noninterest $12.6MQ2 2012Q2 2013

NIM

4.14%Q2 ’113.63%Q2 ’123.36%Q2 ’13-11%-4%

Non-interest income vs. expense

3.17%Q2 ’112.80%Q2 ’123.03%Q2 ’13-2%+9%

Executive Summary

  • Earnings: ROA of 0.93%, down 35 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.11%.
  • Funding: loans stand at 35.03% of deposits as of Q2 2013.

Financial Results

Return on Assets (YTD, annualized)

0.93%-35 bps YoY

Net Interest Margin (YTD, annualized)

3.13%-14 bps YoY

Efficiency Ratio (YTD, annualized)

76.49%+749 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets1.29%1.24%1.10%1.14%0.93%-35 bps
Return on Equity11.20%10.68%9.58%9.88%8.06%-315 bps
Net Interest Margin3.27%3.20%3.01%3.13%3.13%-14 bps
Efficiency Ratio69.01%69.85%72.43%70.59%76.49%+749 bps
Non-Interest Burden2.02%2.00%1.98%1.96%2.20%+18 bps
Growth
Asset Growth (YoY)8.05%10.35%15.87%1.05%2.04%-601 bps
Loan Growth (YoY)-0.53%-4.18%-8.19%-8.73%-7.64%-711 bps
Deposit Growth (YoY)7.20%10.37%16.91%-0.07%1.85%-535 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.23%0.11%0.06%0.00%-0.11%-34 bps
Allowance / Loans1.68%1.72%1.80%1.80%1.90%+22 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 Capital22.99%24.11%23.25%24.50%26.31%+332 bps
Equity / Assets11.61%11.76%11.06%12.03%11.78%+17 bps
Liquidity & Funding
Loans / Deposits38.63%36.91%33.08%36.65%35.03%-360 bps
Liquid Assets / Assets24.54%26.90%23.37%15.34%19.87%-467 bps
CRE / Total Capitaln/an/an/an/an/an/an/a