PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

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

4.06%Q3 ’034.31%Q3 ’0414.70%Q3 ’05+28%+259%

Non-interest income vs. expense

3.73%Q3 ’033.72%Q3 ’0410.44%Q3 ’05-9%+271%

Executive Summary

  • Earnings: ROA of 0.68%, up 5 bps year over year; NIM at 11.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.07%.
  • Funding: loans stand at 80.11% of deposits as of Q3 2005.

Financial Results

Return on Assets (quarter, annualized)

0.68%+5 bps YoY

Net Interest Margin (quarter, annualized)

11.31%+816 bps YoY

Efficiency Ratio (quarter, annualized)

82.73%-163 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.63%0.08%0.78%-0.55%0.68%+5 bps
Return on Equity9.47%1.07%11.50%-5.89%5.78%-369 bps
Net Interest Margin3.15%3.06%4.04%-3.76%11.31%+816 bps
Efficiency Ratio84.36%96.47%81.52%18.18%82.73%-163 bps
Non-Interest Burden2.46%2.91%3.18%-3.14%9.13%+667 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 / Loans0.15%0.00%0.00%0.00%0.07%-8 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