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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

-4.47%Q2 ’066.27%Q2 ’075.54%Q2 ’08+217%+2%

Non-interest income vs. expense

-2.60%Q2 ’064.45%Q2 ’073.26%Q2 ’08+275%-27%

Executive Summary

  • Earnings: ROA of 0.03%, up 171 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.37%.
  • Funding: loans stand at 111.45% of deposits as of Q2 2008.

Financial Results

Return on Assets (quarter, annualized)

0.03%+171 bps YoY

Net Interest Margin (quarter, annualized)

3.48%+7 bps YoY

Efficiency Ratio (quarter, annualized)

80.99%-2,503 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2007Q3 2007Q4 2007Q1 2008Q2 2008YoY ΔTrend
Earnings
Return on Assets-1.68%-2.42%-0.90%-0.26%0.03%+171 bps
Return on Equity-8.31%-13.94%-5.51%-1.55%0.19%+850 bps
Net Interest Margin3.42%3.70%3.39%3.72%3.48%+7 bps
Efficiency Ratio106.02%116.24%86.68%85.52%80.99%-2,503 bps
Non-Interest Burden3.97%4.61%3.18%3.26%2.89%-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 / Loans0.10%0.84%1.01%0.48%0.37%+27 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