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First National Bank of Kemp, The

Kemp, TX · Cert 3281

FDIC · 2 branches

Q1 2023

$376.7MAssets
$165.0MLoans
$333.8MDeposits
$41.8MEquity
Loan mix
71%RE $91.3M25%C&I $32.2M4%Consumer $5.1MQ2 2021Q1 2023
Deposit mix
62%Interest-bearing $205.9M38%Noninterest $127.9MQ2 2021Q1 2023

Market Position · Dallas-Fort Worth-Arlington, TX · 2022 SOD (annual) · 0.0% share · #127 of 169 inst. · $0.1B of $861.9B

3.9% Kaufman
2.1% Henderson

Executive Summary

  • Earnings: ROA of 0.86%, up 13 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.18% of loans (+18 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 9.71%, up 161 bps from a year ago.
  • Funding: loans stand at 49.43% of deposits as of Q1 2023.

Return on Assets (quarter, annualized)

0.86%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.43%+52 bps YoY

Efficiency Ratio (quarter, annualized)

64.18%-709 bps YoY

Tier 1 Leverage Ratio

9.71%+161 bps YoY

NIM

3.49%Q1 ’212.97%Q1 ’223.98%Q1 ’23-14%+18%

Non-interest income vs. expense

3.00%Q1 ’212.65%Q1 ’222.82%Q1 ’23-6%+11%

Discrete quarter, annualized.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.96%0.77%0.72%0.73%0.89%0.72%1.14%0.86%+13 bps
Return on Equity9.33%7.61%7.42%8.54%13.30%7.82%10.73%7.93%-62 bps
Net Interest Margin3.36%3.23%3.22%2.91%3.02%3.18%3.56%3.43%+52 bps
Efficiency Ratio72.89%70.97%76.07%71.27%67.48%72.26%60.54%64.18%-709 bps
Non-Interest Burden2.29%2.07%2.19%1.92%1.85%2.34%1.98%2.13%+20 bps
Growth
Asset Growth (YoY)12.15%22.80%24.01%19.64%10.75%190.51%189.18%167.26%+14,762 bps
Loan Growth (YoY)11.17%0.72%-3.49%3.02%0.68%163.75%172.52%192.62%+18,960 bps
Deposit Growth (YoY)12.49%24.78%26.53%23.55%16.94%189.35%185.88%156.66%+13,311 bps
Asset Quality
Nonperforming Loans / Loans0.26%0.04%0.04%0.00%0.00%0.00%0.00%0.18%+18 bps
Net Charge-Offs / Loans0.00%0.86%0.00%0.00%0.00%-0.32%0.04%-0.01%-1 bps
Allowance / Loans1.15%1.07%1.10%1.14%1.18%0.56%0.53%1.40%+27 bps
Allowance Coverage of NPLs4.4x24.0x24.8xn/an/an/an/a7.9xn/a
Capital
Tier 1 Leverage Ratio9.12%8.61%8.78%8.10%7.74%9.17%9.05%9.71%+161 bps
Total Risk-Based Capital9.12%8.61%8.78%8.10%17.23%9.17%9.05%9.71%+161 bps
Equity / Assets10.32%9.84%9.56%7.59%5.75%10.51%10.66%11.10%+351 bps
Liquidity & Funding
Loans / Deposits51.03%47.31%45.86%43.36%43.93%43.12%43.72%49.43%+607 bps
Liquid Assets / Assets14.01%17.56%15.90%13.16%12.64%26.14%23.10%18.55%+539 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a