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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

5.19%Q2 ’045.67%Q2 ’056.51%Q2 ’06+1%+7%

Non-interest income vs. expense

2.96%Q2 ’042.80%Q2 ’052.80%Q2 ’06-4%+3%

Executive Summary

  • Earnings: ROA of 1.38%, up 29 bps year over year; NIM at 4.55%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 87.17% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

1.38%+29 bps YoY

Net Interest Margin (quarter, annualized)

4.55%+32 bps YoY

Efficiency Ratio (quarter, annualized)

56.29%-296 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets1.09%1.25%1.35%1.29%1.38%+29 bps
Return on Equity14.73%16.57%17.84%16.81%16.95%+223 bps
Net Interest Margin4.23%4.25%4.41%4.48%4.55%+32 bps
Efficiency Ratio59.25%57.80%52.65%57.14%56.29%-296 bps
Non-Interest Burden2.31%2.28%2.12%2.37%2.37%+7 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 / Loans0.24%0.10%0.29%0.13%0.29%+5 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