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La Coste National Bank, The

La Coste, TX · Cert 3287

FDIC

Q4 2009

$53.9MAssets
$22.7MLoans
$49.3MDeposits
$4.2MEquity
Deposit mix
85%Interest-bearing $42.1M15%Noninterest $7.2MQ4 2008Q4 2009

NIM

5.59%Q4 ’075.79%Q4 ’084.58%Q4 ’09-5%-29%

Non-interest income vs. expense

3.52%Q4 ’073.18%Q4 ’082.58%Q4 ’09-4%-15%

Executive Summary

  • Earnings: ROA of 0.28%, down 26 bps year over year; NIM at 2.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 46.15% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

0.28%-26 bps YoY

Net Interest Margin (quarter, annualized)

2.47%-100 bps YoY

Efficiency Ratio (quarter, annualized)

87.56%+1,146 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets0.54%0.68%0.43%0.47%0.28%-26 bps
Return on Equity4.90%6.61%4.37%5.29%3.46%-144 bps
Net Interest Margin3.47%3.00%2.71%2.69%2.47%-100 bps
Efficiency Ratio76.11%77.57%79.71%79.74%87.56%+1,146 bps
Non-Interest Burden2.47%2.18%2.04%2.04%2.10%-36 bps
Growth
Asset Growth (YoY)23.32%37.18%25.76%44.13%35.58%+1,226 bps
Loan Growth (YoY)47.28%26.34%15.99%0.39%5.09%-4,219 bps
Deposit Growth (YoY)25.53%41.86%28.54%48.91%39.62%+1,409 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.24%0.17%0.00%0.11%0.26%+2 bps
Allowance / Loans0.79%0.84%0.92%0.85%0.84%+4 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 Capital23.88%23.50%22.71%19.63%20.80%-308 bps
Equity / Assets10.53%10.05%9.57%8.23%7.84%-269 bps
Liquidity & Funding
Loans / Deposits61.31%55.92%51.78%46.06%46.15%-1,516 bps
Liquid Assets / Assets11.81%10.84%10.65%8.48%8.26%-356 bps
CRE / Total Capitaln/an/an/an/an/an/an/a