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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
79%RE $57.9M11%C&I $8.4M10%Consumer $7.2MQ1 2013Q4 2014
Deposit mix
68%Interest-bearing $144.9M32%Noninterest $68.7MQ1 2013Q4 2014

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

Executive Summary

  • Earnings: ROA of 0.82%, down 3 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 40.53% of deposits as of Q4 2014.

Return on Assets (YTD, annualized)

0.82%1-3 bps YoY

Net Interest Margin (YTD, annualized)

2.78%-18 bps YoY

Efficiency Ratio (YTD, annualized)

94.46%+1,618 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

3.59%Q4 ’123.08%Q4 ’132.88%Q4 ’14-14%-6%

Non-interest income vs. expense

2.97%Q4 ’122.87%Q4 ’133.25%Q4 ’14-4%+20%

Year to date, annualized, through each quarter.

MetricQ1 2013Q2 2013Q3 2013Q4 2013Q1 2014Q2 2014Q3 2014Q4 2014YoY ΔTrend
Earnings
Return on Assets0.81%0.79%0.72%0.84%0.62%0.61%0.68%0.82%1-3 bps
Return on Equity8.57%8.37%7.68%8.96%6.63%6.64%7.38%8.90%-6 bps
Net Interest Margin3.09%3.09%3.04%2.95%2.89%2.82%2.81%2.78%-18 bps
Efficiency Ratio76.78%77.44%79.45%78.28%82.80%82.80%80.71%94.46%+1,618 bps
Non-Interest Burden2.22%2.24%2.27%2.16%2.28%2.22%2.14%2.59%+43 bps
Growth
Asset Growth (YoY)4.11%2.16%4.72%1.47%7.27%11.70%4.77%5.86%+440 bps
Loan Growth (YoY)-4.09%-6.08%-11.09%-10.43%-8.89%-5.48%-1.10%-4.25%+619 bps
Deposit Growth (YoY)4.31%2.55%5.63%1.53%7.80%12.53%4.80%5.85%+432 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 / Loans0.09%0.10%0.08%0.07%0.04%0.05%0.06%0.11%+4 bps
Allowance / Loans1.47%1.55%1.62%1.40%1.43%1.44%1.40%1.35%-5 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 Capital18.83%19.32%19.92%19.27%19.38%19.35%19.83%25.30%+603 bps
Equity / Assets9.59%9.42%9.31%9.36%9.20%8.85%9.42%9.03%-34 bps
Liquidity & Funding
Loans / Deposits49.21%47.38%44.62%44.81%41.59%39.80%42.11%40.53%-427 bps
Liquid Assets / Assets15.12%13.63%13.10%10.26%9.83%10.52%9.26%39.20%+2,895 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a