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First Independent National Bank

Plano, TX · Cert 34638

FDIC

Q1 2006

$70.0MAssets
$63.0MLoans
$56.6MDeposits
$8.1MEquity
Loan mix
57%RE $9.3M36%C&I $5.9M7%Consumer $1.2MQ1 2005Q1 2006
Deposit mix
80%Interest-bearing $45.5M20%Noninterest $11.1MQ1 2005Q1 2006

NIM

6.05%Q1 ’046.16%Q1 ’057.65%Q1 ’06-9%+16%

Non-interest income vs. expense

5.20%Q1 ’044.13%Q1 ’054.25%Q1 ’06-9%+4%

Executive Summary

  • Earnings: ROA of 0.54%, up 32 bps year over year; NIM at 4.97%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 111.17% of deposits as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

0.54%+32 bps YoY

Net Interest Margin (YTD, annualized)

4.97%+68 bps YoY

Efficiency Ratio (YTD, annualized)

83.18%-955 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets0.22%0.14%0.36%0.45%0.54%+32 bps
Return on Equity1.99%1.25%3.27%4.14%4.90%+291 bps
Net Interest Margin4.30%4.47%4.40%4.13%4.97%+68 bps
Efficiency Ratio92.73%95.21%88.27%85.24%83.18%-955 bps
Non-Interest Burden3.97%4.25%3.87%3.50%4.11%+14 bps
Growth
Asset Growth (YoY)-1.31%-3.60%16.22%4.87%0.97%+228 bps
Loan Growth (YoY)4.74%-2.12%4.83%0.39%-0.49%-523 bps
Deposit Growth (YoY)1.75%2.53%22.87%4.67%-6.57%-831 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.37%1.43%1.38%1.42%1.38%+1 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 Capital12.67%13.26%15.50%16.24%17.00%+433 bps
Equity / Assets11.06%11.74%10.24%10.56%11.50%+44 bps
Liquidity & Funding
Loans / Deposits104.39%107.67%93.96%92.52%111.17%+679 bps
Liquid Assets / Assets0.79%0.49%1.02%0.97%0.99%+19 bps
CRE / Total Capitaln/an/an/an/an/an/an/a