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First State Bank of Canadian, N.A.

Canadian, TX · Cert 34634

FDIC

Q3 2010

$125.1MAssets
$103.6MLoans
$111.5MDeposits
$13.4MEquity
Deposit mix
81%Interest-bearing $90.5M19%Noninterest $21.0MQ3 2009Q3 2010

NIM

5.30%Q3 ’085.06%Q3 ’094.63%Q3 ’10+6%-8%

Non-interest income vs. expense

1.55%Q3 ’082.09%Q3 ’091.91%Q3 ’10+33%-6%

Executive Summary

  • Earnings: ROA of 2.42%, down 29 bps year over year; NIM at 3.92%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 92.88% of deposits as of Q3 2010.

Financial Results

Return on Assets (quarter, annualized)

2.42%-29 bps YoY

Net Interest Margin (quarter, annualized)

3.92%-35 bps YoY

Efficiency Ratio (quarter, annualized)

43.60%+34 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets2.71%0.91%2.30%2.20%2.42%-29 bps
Return on Equity21.20%7.79%21.19%19.80%22.35%+115 bps
Net Interest Margin4.27%4.13%3.98%3.90%3.92%-35 bps
Efficiency Ratio43.27%41.84%47.23%48.21%43.60%+34 bps
Non-Interest Burden1.53%1.47%1.68%1.69%1.44%-9 bps
Growth
Asset Growth (YoY)-8.09%-13.80%-5.99%5.37%10.79%+1,887 bps
Loan Growth (YoY)-9.92%-12.44%-9.07%4.78%1.61%+1,153 bps
Deposit Growth (YoY)-10.56%-14.81%-6.22%11.23%13.72%+2,428 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%2.25%0.00%0.00%0.06%+6 bps
Allowance / Loans1.15%0.99%1.05%1.03%1.03%-12 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 Capital13.91%11.54%12.79%12.27%12.43%-148 bps
Equity / Assets13.00%10.48%11.20%11.00%10.67%-232 bps
Liquidity & Funding
Loans / Deposits103.95%99.21%95.35%98.26%92.88%-1,107 bps
Liquid Assets / Assets3.77%6.83%11.12%8.30%13.36%+959 bps
CRE / Total Capitaln/an/an/an/an/an/an/a