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Republic National Bank

Houston, TX · Cert 34932

FDIC

Q2 2006

$600.9MAssets
$474.0MLoans
$543.8MDeposits
$52.0MEquity
Loan mix
24%RE $44.3M76%C&I $143.5M0%Consumer $0.1MQ2 2005Q2 2006
Deposit mix
84%Interest-bearing $455.0M16%Noninterest $88.8MQ2 2005Q2 2006

NIM

5.09%Q2 ’045.45%Q2 ’056.36%Q2 ’06+1%+8%

Non-interest income vs. expense

2.89%Q2 ’042.79%Q2 ’052.79%Q2 ’06+2%+2%

Executive Summary

  • Earnings: ROA of 1.35%, up 31 bps year over year; NIM at 4.47%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 87.17% of deposits as of Q2 2006.

Financial Results

Return on Assets (YTD, annualized)

1.35%+31 bps YoY

Net Interest Margin (YTD, annualized)

4.47%+32 bps YoY

Efficiency Ratio (YTD, annualized)

56.71%-339 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.04%1.11%1.17%1.29%1.35%+31 bps
Return on Equity14.06%14.92%15.69%16.81%16.89%+283 bps
Net Interest Margin4.15%4.10%4.09%4.48%4.47%+32 bps
Efficiency Ratio60.09%59.31%57.54%57.14%56.71%-339 bps
Non-Interest Burden2.29%2.25%2.17%2.37%2.35%+5 bps
Growth
Asset Growth (YoY)26.13%23.45%10.60%10.91%0.61%-2,552 bps
Loan Growth (YoY)27.52%21.68%16.96%11.78%6.64%-2,087 bps
Deposit Growth (YoY)35.29%30.61%14.90%12.71%0.61%-3,468 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.19%0.16%0.19%0.13%0.21%+1 bps
Allowance / Loans1.20%1.19%1.15%1.15%1.12%-7 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 Capital10.42%10.62%10.74%11.05%11.22%+80 bps
Equity / Assets7.52%7.51%7.64%7.71%8.66%+115 bps
Liquidity & Funding
Loans / Deposits82.23%80.36%82.17%80.56%87.17%+493 bps
Liquid Assets / Assets2.52%2.02%1.89%1.64%1.46%-106 bps
CRE / Total Capitaln/an/an/an/an/an/an/a