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Dallas National Bank

Dallas, TX · Cert 34322

FDIC

Q1 2008

$98.1MAssets
$35.7MLoans
$74.7MDeposits
$16.9MEquity
Loan mix
38%RE $6.8M60%C&I $10.8M2%Consumer $0.3MQ1 2007Q1 2008
Deposit mix
71%Interest-bearing $53.3M29%Noninterest $21.5MQ1 2007Q1 2008

NIM

5.96%Q1 ’066.39%Q1 ’074.43%Q1 ’080%-39%

Non-interest income vs. expense

4.62%Q1 ’064.03%Q1 ’072.99%Q1 ’08-7%-17%

Executive Summary

  • Earnings: ROA of 0.12%, down 95 bps year over year; NIM at 3.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 47.80% of deposits as of Q1 2008.

Financial Results

Return on Assets (quarter, annualized)

0.12%-95 bps YoY

Net Interest Margin (quarter, annualized)

3.03%-190 bps YoY

Efficiency Ratio (quarter, annualized)

74.04%+333 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2007Q2 2007Q3 2007Q4 2007Q1 2008YoY ΔTrend
Earnings
Return on Assets1.07%1.16%0.47%-4.05%0.12%-95 bps
Return on Equity9.16%9.59%3.88%-39.11%0.92%-823 bps
Net Interest Margin4.94%5.12%4.77%4.32%3.03%-190 bps
Efficiency Ratio70.71%72.87%89.76%220%74.04%+333 bps
Non-Interest Burden3.27%3.56%4.22%10.05%2.70%-57 bps
Growth
Asset Growth (YoY)-4.11%-4.68%-5.63%17.43%28.58%+3,269 bps
Loan Growth (YoY)-7.05%-10.21%-0.83%0.48%0.08%+714 bps
Deposit Growth (YoY)-8.33%-8.48%-8.78%20.95%21.47%+2,980 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%-0.45%-0.24%0.43%0.02%-36 bps
Allowance / Loans1.13%1.28%1.27%1.14%1.86%+73 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 Capital21.25%22.50%21.88%17.47%15.56%-569 bps
Equity / Assets12.00%12.12%12.21%8.83%17.22%+521 bps
Liquidity & Funding
Loans / Deposits58.02%55.70%59.00%48.22%47.80%-1,022 bps
Liquid Assets / Assets5.84%7.02%8.18%21.14%20.95%+1,511 bps
CRE / Total Capitaln/an/an/an/an/an/an/a