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First National Bank of Mount Vernon, The

Mount Vernon, TX · Cert 3355

FDIC · 3 branches

Q4 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2018, the quarter ended December 31, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First National Bank of Mount Vernon, The

Mount Vernon, TX · Cert 3355

FDIC · 3 branches

Q4 2018

$191.0MAssets
$87.0MLoans
$137.6MDeposits
$21.9MEquity
Loan mix
93%RE $79.6M1%C&I $1.2M5%Consumer $4.4MQ4 2017Q4 2018
Deposit mix
78%Interest-bearing $106.6M22%Noninterest $30.9MQ4 2017Q4 2018

NIM

3.06%Q4 ’163.34%Q4 ’173.72%Q4 ’18+11%+8%

Non-interest income vs. expense

1.96%Q4 ’161.82%Q4 ’171.92%Q4 ’18-17%-12%

Executive Summary

  • Earnings: ROA of 1.73%, up 40 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.02% of loans (-27 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 12.11%, up 159 bps from a year ago.
  • Funding: loans stand at 63.26% of deposits as of Q4 2018.

Financial Results

Return on Assets (YTD, annualized)

1.73%+40 bps YoY

Net Interest Margin (YTD, annualized)

2.93%+23 bps YoY

Efficiency Ratio (YTD, annualized)

51.69%-456 bps YoY

Tier 1 Leverage Ratio

12.11%+159 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2017Q1 2018Q2 2018Q3 2018Q4 2018YoY ΔTrend
Earnings
Return on Assets1.33%1.39%1.41%1.47%1.73%+40 bps
Return on Equity12.73%13.54%13.47%13.81%15.96%+323 bps
Net Interest Margin2.71%2.66%2.79%2.91%2.93%+23 bps
Efficiency Ratio56.25%55.18%55.69%54.84%51.69%-456 bps
Non-Interest Burden1.29%1.28%1.35%1.38%1.14%-15 bps
Growth
Asset Growth (YoY)2.37%0.68%-4.42%-7.51%-8.58%-1,095 bps
Loan Growth (YoY)14.38%10.23%6.03%4.18%0.08%-1,431 bps
Deposit Growth (YoY)-7.72%-5.41%-4.50%-8.82%-10.06%-234 bps
Asset Quality
Nonperforming Loans / Loans0.29%0.09%0.08%0.47%0.02%-27 bps
Net Charge-Offs / Loans0.07%-0.02%-0.01%0.02%0.01%-6 bps
Allowance / Loans0.96%0.98%1.00%0.99%1.00%+5 bps
Allowance Coverage of NPLs3.4x11.2x11.9x2.1x62.4x+59.1x
Capital
Tier 1 Leverage Ratio10.53%10.53%11.27%12.02%12.11%+159 bps
Total Risk-Based Capital28.60%28.67%29.96%30.60%30.55%+195 bps
Equity / Assets10.40%10.08%10.87%11.36%11.49%+109 bps
Liquidity & Funding
Loans / Deposits56.85%55.90%60.50%64.00%63.26%+641 bps
Liquid Assets / Assets2.05%0.45%0.12%0.18%0.28%-177 bps
CRE / Total Capitaln/an/an/an/an/an/an/a