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Heights State Bank

Harker Heights, TX · Cert 33218

FDIC

Q3 2002

$52.3MAssets
$15.2MLoans
$45.4MDeposits
$6.8MEquity
Deposit mix
66%Interest-bearing $30.0M34%Noninterest $15.4MQ3 2001Q3 2002

NIM

6.94%Q1 ’015.45%Q3 ’015.79%Q3 ’02-26%+55%

Non-interest income vs. expense

2.90%Q1 ’012.69%Q3 ’012.97%Q3 ’02-8%+7%

Executive Summary

  • Earnings: ROA of 3.43%, up 188 bps year over year; NIM at 5.08%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.11%.
  • Funding: loans stand at 33.40% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

3.43%+188 bps YoY

Net Interest Margin (quarter, annualized)

5.08%+179 bps YoY

Efficiency Ratio (quarter, annualized)

47.83%-1,549 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets1.54%3.09%1.87%1.97%3.43%+188 bps
Return on Equity14.82%29.36%16.88%17.00%27.59%+1,277 bps
Net Interest Margin3.28%4.91%3.76%3.98%5.08%+179 bps
Efficiency Ratio63.32%48.14%59.21%60.11%47.83%-1,549 bps
Non-Interest Burden1.72%1.86%1.80%1.94%1.84%+11 bps
Growth
Asset Growth (YoY)15.64%11.23%5.39%-2.57%-11.81%-2,745 bps
Loan Growth (YoY)-7.48%-2.48%-4.83%-9.02%-4.98%+249 bps
Deposit Growth (YoY)17.15%12.53%5.45%-3.74%-14.41%-3,155 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.19%0.09%-0.02%-0.11%-16 bps
Allowance / Loans1.06%1.02%1.02%1.06%1.20%+14 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 Capital10.32%10.87%11.66%11.83%13.00%+269 bps
Equity / Assets10.28%10.75%11.42%11.83%13.05%+277 bps
Liquidity & Funding
Loans / Deposits30.08%31.54%33.56%35.27%33.40%+331 bps
Liquid Assets / Assets15.32%16.28%16.76%20.91%20.03%+471 bps
CRE / Total Capitaln/an/an/an/an/an/an/a