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First State Bank

Mount Calm, TX · Cert 3353

FDIC

Q3 2005

$16.7MAssets
$11.8MLoans
$14.7MDeposits
$1.9MEquity
Deposit mix
71%Interest-bearing $10.4M29%Noninterest $4.3MQ3 2004Q3 2005

NIM

4.08%Q3 ’034.09%Q3 ’045.00%Q3 ’05+20%+35%

Non-interest income vs. expense

4.03%Q3 ’033.62%Q3 ’043.50%Q3 ’05-15%+27%

Executive Summary

  • Earnings: ROA of 0.30%, down 7 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 80.11% of deposits as of Q3 2005.

Financial Results

Return on Assets (YTD, annualized)

0.30%-7 bps YoY

Net Interest Margin (YTD, annualized)

3.85%+100 bps YoY

Efficiency Ratio (YTD, annualized)

81.39%-770 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.38%0.30%0.78%0.11%0.30%-7 bps
Return on Equity5.53%4.41%11.50%1.32%3.27%-226 bps
Net Interest Margin2.85%2.90%4.04%0.12%3.85%+100 bps
Efficiency Ratio89.09%90.98%81.52%18.18%81.39%-770 bps
Non-Interest Burden2.41%2.53%3.18%0.01%3.05%+64 bps
Growth
Asset Growth (YoY)0.44%1.46%-0.87%2.20%5.49%+505 bps
Loan Growth (YoY)29.96%24.86%-1.93%18.99%124.45%+9,449 bps
Deposit Growth (YoY)0.29%1.34%-0.31%-4.14%0.23%-6 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.10%-0.08%0.00%0.00%0.02%+12 bps
Allowance / Loans0.97%1.05%1.15%0.90%0.52%-45 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 Capital16.00%15.71%16.57%16.17%14.53%-147 bps
Equity / Assets7.18%6.86%6.69%11.77%11.64%+446 bps
Liquidity & Funding
Loans / Deposits35.77%34.48%33.69%45.95%80.11%+4,434 bps
Liquid Assets / Assets16.24%17.78%18.19%15.01%6.50%-975 bps
CRE / Total Capitaln/an/an/an/an/an/an/a