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Secured Trust Bank

Tyler, TX · Cert 34412

FDIC

Q2 2003

$46.7MAssets
$24.3MLoans
$37.1MDeposits
$5.8MEquity
Deposit mix
90%Interest-bearing $33.5M10%Noninterest $3.7MQ2 2002Q2 2003

NIM

6.65%Q2 ’015.84%Q2 ’025.24%Q2 ’03+24%-1%

Non-interest income vs. expense

4.24%Q2 ’013.93%Q2 ’024.41%Q2 ’03+44%+23%

Executive Summary

  • Earnings: ROA of 2.07%, down 36 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 65.37% of deposits as of Q2 2003.

Financial Results

Return on Assets (YTD, annualized)

2.07%-36 bps YoY

Net Interest Margin (YTD, annualized)

3.47%-3 bps YoY

Efficiency Ratio (YTD, annualized)

65.63%+504 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2002Q3 2002Q4 2002Q1 2003Q2 2003YoY ΔTrend
Earnings
Return on Assets2.42%2.36%2.24%2.18%2.07%-36 bps
Return on Equity22.00%21.10%20.25%20.04%18.15%-386 bps
Net Interest Margin3.50%3.49%3.36%3.36%3.47%-3 bps
Efficiency Ratio60.59%61.01%62.33%63.31%65.63%+504 bps
Non-Interest Burden0.95%1.02%1.04%1.01%1.16%+22 bps
Growth
Asset Growth (YoY)8.80%5.93%4.90%2.75%-7.69%-1,648 bps
Loan Growth (YoY)29.44%30.24%27.85%21.04%12.08%-1,736 bps
Deposit Growth (YoY)1.31%-1.12%5.03%4.34%-10.98%-1,229 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.01%0.01%0.00%-0.01%-3 bps
Allowance / Loans0.82%0.79%0.78%0.89%0.96%+14 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 Capital17.89%17.36%15.82%17.02%17.60%-29 bps
Equity / Assets11.23%11.80%10.49%11.28%12.52%+129 bps
Liquidity & Funding
Loans / Deposits51.92%58.58%59.17%59.12%65.37%+1,345 bps
Liquid Assets / Assets9.11%8.34%7.36%6.91%5.99%-312 bps
CRE / Total Capitaln/an/an/an/an/an/an/a