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Western Bank & Trust Company

Duncanville, TX · Cert 33201

FDIC

Q2 2003

$156.1MAssets
$107.7MLoans
$138.7MDeposits
$16.8MEquity
Deposit mix
60%Interest-bearing $82.7M40%Noninterest $56.0MQ2 2002Q2 2003

NIM

7.47%Q2 ’016.04%Q2 ’025.41%Q2 ’03-5%-6%

Non-interest income vs. expense

3.94%Q2 ’014.17%Q2 ’024.00%Q2 ’03+5%-8%

Executive Summary

  • Earnings: ROA of 1.40%, up 3 bps year over year; NIM at 4.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 77.67% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

1.40%+3 bps YoY

Net Interest Margin (YTD, annualized)

4.86%-29 bps YoY

Efficiency Ratio (YTD, annualized)

64.44%-28 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets1.37%1.37%1.33%1.31%1.40%+3 bps
Return on Equity14.62%14.48%13.82%12.43%13.23%-140 bps
Net Interest Margin5.15%5.12%5.05%4.96%4.86%-29 bps
Efficiency Ratio64.72%64.55%65.31%64.58%64.44%-28 bps
Non-Interest Burden2.89%2.84%2.85%2.75%2.66%-23 bps
Growth
Asset Growth (YoY)1.58%3.34%-5.36%-2.67%2.01%+43 bps
Loan Growth (YoY)10.85%8.87%7.48%8.30%7.65%-321 bps
Deposit Growth (YoY)0.70%2.80%-6.72%-3.98%1.17%+48 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.10%0.30%0.06%0.07%-6 bps
Allowance / Loans1.25%1.28%1.10%1.13%1.17%-8 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 Capital14.98%14.82%14.75%15.00%15.44%+46 bps
Equity / Assets9.87%9.84%10.21%10.81%10.78%+91 bps
Liquidity & Funding
Loans / Deposits73.00%72.30%75.88%80.18%77.67%+467 bps
Liquid Assets / Assets20.42%18.97%16.47%11.90%11.28%-914 bps
CRE / Total Capitaln/an/an/an/an/an/an/a