PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

State National Bank of West Texas

Lubbock, TX · Cert 34336

FDIC

Q4 2007

$2.0BAssets
$1.1BLoans
$1.4BDeposits
$527.2MEquity
Loan mix
71%RE $569.8M29%C&I $230.6M0%Consumer $1.6MQ4 2006Q4 2007
Deposit mix
67%Interest-bearing $912.6M33%Noninterest $454.8MQ4 2006Q4 2007

NIM

4.82%Q4 ’056.09%Q4 ’065.63%Q4 ’07+18%-13%

Non-interest income vs. expense

3.36%Q4 ’053.55%Q4 ’063.34%Q4 ’07+8%-4%

Executive Summary

  • Earnings: ROA of 1.28%, down 31 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.13%.
  • Funding: loans stand at 81.26% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

1.28%-31 bps YoY

Net Interest Margin (YTD, annualized)

4.17%-64 bps YoY

Efficiency Ratio (YTD, annualized)

57.05%+157 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.59%1.36%1.36%1.25%1.28%-31 bps
Return on Equity10.83%6.62%5.97%5.28%5.26%-557 bps
Net Interest Margin4.81%4.41%4.41%4.30%4.17%-64 bps
Efficiency Ratio55.48%56.32%57.03%58.83%57.05%+157 bps
Non-Interest Burden2.39%2.41%2.45%2.47%2.29%-10 bps
Growth
Asset Growth (YoY)3.15%14.65%16.96%18.07%15.31%+1,216 bps
Loan Growth (YoY)8.47%3.63%-6.36%-7.07%-5.69%-1,416 bps
Deposit Growth (YoY)-0.79%-3.72%-0.14%0.62%0.14%+93 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.07%0.08%0.11%0.13%+4 bps
Allowance / Loans1.08%1.14%1.19%1.12%1.06%-2 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 Capital11.17%11.06%12.36%12.37%12.75%+158 bps
Equity / Assets14.29%26.19%26.80%26.77%26.65%+1,236 bps
Liquidity & Funding
Loans / Deposits86.29%84.22%77.73%78.48%81.26%-503 bps
Liquid Assets / Assets0.03%0.03%0.08%0.14%0.02%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a