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Graham National Bank

Graham, TX · Cert 33865

FDIC

Q3 2010

$113.3MAssets
$100.3MLoans
$101.6MDeposits
$11.5MEquity
Loan mix
70%RE $32.3M30%C&I $13.5M0%Consumer $0.0MQ3 2009Q3 2010
Deposit mix
75%Interest-bearing $76.3M25%Noninterest $25.3MQ3 2009Q3 2010

NIM

5.11%Q3 ’084.58%Q3 ’094.27%Q3 ’10+4%-5%

Non-interest income vs. expense

2.36%Q3 ’083.00%Q3 ’092.95%Q3 ’10+96%+7%

Executive Summary

  • Earnings: ROA of 1.71%, down 22 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 98.72% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

1.71%-22 bps YoY

Net Interest Margin (YTD, annualized)

3.64%-19 bps YoY

Efficiency Ratio (YTD, annualized)

64.26%+385 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets1.93%1.95%1.71%1.68%1.71%-22 bps
Return on Equity17.86%18.22%16.41%16.29%16.64%-122 bps
Net Interest Margin3.83%3.82%3.78%3.72%3.64%-19 bps
Efficiency Ratio60.41%57.45%64.22%64.87%64.26%+385 bps
Non-Interest Burden1.86%1.62%2.06%2.06%2.00%+14 bps
Growth
Asset Growth (YoY)-9.12%-2.80%-0.10%9.84%8.78%+1,790 bps
Loan Growth (YoY)-15.68%-11.55%2.55%22.64%11.05%+2,673 bps
Deposit Growth (YoY)-9.46%-1.84%-0.09%11.00%9.28%+1,874 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.01%0.42%0.00%0.01%0.01%+2 bps
Allowance / Loans1.13%1.01%1.08%0.87%0.89%-24 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 Capital12.64%12.34%13.58%11.30%12.05%-59 bps
Equity / Assets10.58%10.23%10.61%10.03%10.18%-40 bps
Liquidity & Funding
Loans / Deposits97.15%94.46%88.71%103.48%98.72%+157 bps
Liquid Assets / Assets8.46%10.14%15.60%2.06%7.05%-141 bps
CRE / Total Capitaln/an/an/an/an/an/an/a