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Texas National Bank

Tomball, TX · Cert 34475

FDIC

Q2 2008

$177.8MAssets
$145.8MLoans
$130.8MDeposits
$30.4MEquity
Loan mix
66%RE $66.7M34%C&I $34.7M0%Consumer $0.3MQ2 2007Q2 2008
Deposit mix
81%Interest-bearing $105.7M19%Noninterest $25.1MQ2 2007Q2 2008

NIM

1.09%Q2 ’066.04%Q2 ’075.57%Q2 ’08+388%+3%

Non-interest income vs. expense

0.55%Q2 ’064.48%Q2 ’073.36%Q2 ’08+727%-27%

Executive Summary

  • Earnings: ROA of -0.11%, up 119 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.41%.
  • Funding: loans stand at 111.45% of deposits as of Q2 2008.

Financial Results

Return on Assets (YTD, annualized)

-0.11%+119 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+10 bps YoY

Efficiency Ratio (YTD, annualized)

83.26%-2,574 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-1.30%-1.70%-1.47%-0.26%-0.11%+119 bps
Return on Equity-6.25%-8.75%-7.85%-1.55%-0.65%+560 bps
Net Interest Margin3.33%3.29%3.07%3.72%3.43%+10 bps
Efficiency Ratio109.00%111.64%104.79%85.52%83.26%-2,574 bps
Non-Interest Burden3.99%4.01%3.51%3.26%2.92%-107 bps
Growth
Asset Growth (YoY)32.32%25.86%37.40%48.81%40.61%+828 bps
Loan Growth (YoY)28.32%32.08%47.62%59.69%50.60%+2,228 bps
Deposit Growth (YoY)37.89%29.05%27.15%40.70%38.20%+30 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.55%0.60%0.66%0.48%0.41%-14 bps
Allowance / Loans1.10%1.17%1.13%1.14%1.15%+5 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 Capital10.66%8.64%9.63%10.43%11.16%+50 bps
Equity / Assets18.88%16.04%16.58%16.74%17.10%-178 bps
Liquidity & Funding
Loans / Deposits102.27%106.78%122.48%121.27%111.45%+918 bps
Liquid Assets / Assets0.01%0.00%0.01%0.03%0.01%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a