State National Bank of Texas

Iowa Park, TX · Cert 3270

FDIC · 9 branches

Q4 2014

$236.1MAssets

$86.6MLoans

$213.7MDeposits

$21.3MEquity

Loan mix

Deposit mix

NIM

Market Position · Wichita Falls, TX · 2014 SOD (annual) · 8.2% share · #7 of 15 inst. · $0.2B of $2.5B

5.7% Wichita

69.5% Archer

2.6% Wilbarger

0.7% Wise

Earnings: ROA of 1.23%, up 3 bps year over year; NIM at 2.64%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
Funding: loans stand at 40.53% of deposits as of Q4 2014.

Return on Assets (quarter, annualized)

1.23%¹+3 bps YoY

Net Interest Margin (quarter, annualized)

2.64%-29 bps YoY

Efficiency Ratio (quarter, annualized)

138.79%+6,403 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2013	Q1 2014	Q2 2014	Q3 2014	Q4 2014	YoY Δ	Trend
Earnings
Return on Assets	1.20%	0.62%	0.60%	0.81%	1.23%¹	+3 bps
Return on Equity	12.86%	6.63%	6.60%	8.88%	13.37%	+51 bps
Net Interest Margin	2.93%	2.89%	2.81%	2.79%	2.64%	-29 bps
Efficiency Ratio	74.75%	82.80%	82.80%	76.47%	138.79%	+6,403 bps
Non-Interest Burden	2.00%	2.28%	2.21%	1.97%	3.90%	+190 bps
Growth
Asset Growth (YoY)	1.47%	7.27%	11.70%	4.77%	5.86%	+440 bps
Loan Growth (YoY)	-10.43%	-8.89%	-5.48%	-1.10%	-4.25%	+619 bps
Deposit Growth (YoY)	1.53%	7.80%	12.53%	4.80%	5.85%	+432 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.04%	0.04%	0.05%	0.10%	0.24%	+20 bps
Allowance / Loans	1.40%	1.43%	1.44%	1.40%	1.35%	-5 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	19.27%	19.38%	19.35%	19.83%	25.30%	+603 bps
Equity / Assets	9.36%	9.20%	8.85%	9.42%	9.03%	-34 bps
Liquidity & Funding
Loans / Deposits	44.81%	41.59%	39.80%	42.11%	40.53%	-427 bps
Liquid Assets / Assets	10.26%	9.83%	10.52%	9.26%	39.20%	+2,895 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a