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First American Bank, SSB

Bryan, TX · Cert 32623

FDIC

Q3 2006

$6.2BAssets
$3.9BLoans
$4.9BDeposits
$1.0BEquity
Loan mix
63%RE $1.7B37%C&I $1.0B0%Consumer $0.0BQ3 2005Q3 2006
Deposit mix
88%Interest-bearing $4.3B12%Noninterest $0.6BQ3 2005Q3 2006

NIM

4.86%Q3 ’042.97%Q3 ’053.56%Q3 ’06-47%-3%

Non-interest income vs. expense

2.74%Q3 ’041.92%Q3 ’052.84%Q3 ’06-17%+60%

Executive Summary

  • Earnings: ROA of -0.58%, down 92 bps year over year; NIM at 2.00%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
  • Funding: loans stand at 79.65% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

-0.58%-92 bps YoY

Net Interest Margin (YTD, annualized)

2.00%-7 bps YoY

Efficiency Ratio (YTD, annualized)

118.34%+4,133 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.34%0.31%-0.09%-0.37%-0.58%-92 bps
Return on Equity1.73%1.56%-0.44%-1.79%-2.96%-469 bps
Net Interest Margin2.07%2.40%3.09%3.07%2.00%-7 bps
Efficiency Ratio77.01%78.34%101.29%107.92%118.34%+4,133 bps
Non-Interest Burden1.54%1.82%3.21%3.43%2.48%+93 bps
Growth
Asset Growth (YoY)26.17%29.92%10.96%7.71%35.13%+897 bps
Loan Growth (YoY)-14.41%-0.33%0.92%7.62%56.95%+7,136 bps
Deposit Growth (YoY)27.45%15.24%22.19%22.42%45.47%+1,803 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.13%0.08%0.28%0.22%+17 bps
Allowance / Loans0.95%0.88%0.91%0.93%0.68%-27 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 Capital12.86%12.82%12.73%12.13%12.39%-47 bps
Equity / Assets21.29%21.28%20.97%20.05%16.69%-460 bps
Liquidity & Funding
Loans / Deposits73.83%87.49%81.10%79.55%79.65%+583 bps
Liquid Assets / Assets0.02%0.02%0.02%0.01%0.00%-2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a